Blueberries Medical Corp. (CSE: BBM) (OTCQB: BBRRF) (FRA: 1OA) (the
“
Company” or "
Blueberries"), a
leading Latin American licensed producer of medicinal cannabis and
cannabis-derived products, is pleased to announce that it has
entered into a letter agreement (the "
Letter
Agreement") to become a strategic supplier of medical
cannabis products to Canurius UG (“
Canurius”), for
the sale and distribution of cannabis products in Germany with the
potential for expansion into Austria, Switzerland and the
Netherlands. Pursuant to the terms of the Letter Agreement,
Blueberries will provide Canurius with approximately 100 litres
(100 kg) of cannabis oil extract per month for an initial 12-month
term. The completion of the transaction is subject to and
conditional upon satisfactory legal and financial due diligence and
the execution of a definitive agreement.
Canurius is an independent cannabis distributor
with a network of 100 pharmacies in Germany that is expected to
expand to approximately 1,000 pharmacies by 2020. The agreement
provides for the import, sales and distribution of Blueberries
CBD-based cannabis products for health and wellness purposes,
including extracts, finished products, cosmetics, dietary
supplements and other medicinal-grade cannabis products under
German regulations by Canurius for its authorized market and
territory. Canurius is also currently in the process of negotiating
with large German pharmacy wholesalers to increase its market
penetration to more than 10,000 pharmacies.
“Germany has a medicinal-grade cannabis supply
shortage and Canurius is an ideal partner to take Blueberries’
cannabis products into Germany as one of Europe’s most promising
cannabis distributors with a significant and growing network of
potential customers,” stated Dr. Patricio Stocker, Chief Executive
Officer, Blueberries. “This is also an important step towards our
entry to the broader European market, an evolving jurisdiction with
a total population of over 740 million people. The specialized
import and distribution partners that the Canurius team has will
expedite our movement into these additional countries.”
“We are looking forward to the opportunity to
bring Blueberries’ exclusive cannabis strains and unique product
offerings to the European market. There is tremendous demand for
premium medicinal-grade cannabis oils with high CBD content, making
Blueberries’ catalogue of over 140 proprietary strains and related
products ideally suited to our distribution network,” stated Bekir
Ari, Managing Partner of Canurius. “The team at Blueberries is
truly world-class and we are confident that their expertise in
agriculture, genetics, manufacturing and marketing will make them
ideal partners as we scale to meet the growing demand in Germany,
and other countries in the European Union in the future as
legislation continues to evolve. The innovative products being
developed by Blueberries including cannabis-based beverages,
cosmetics and medical products will be extremely valuable as the
cannabis industry in Europe evolves and consumers look to consume
diversified cannabis-based products.”
Germany alone has a population of over 80
million people and is anticipated to become Europe’s largest
regulated medical cannabis market (Source: Prohibition Partners –
The European Cannabis Report 4th Edition, January 2019). The
current German medical cannabis regulations came into effect on
March 10, 2017 and the country is heavily reliant on imported
cannabis to meet the growing demand. Blueberries and Canurius will
work collaboratively to prepare and obtain the necessary export and
import approvals to begin importing Blueberries’ products and
cannabis extracts, formulations and products to Germany.
Canurius has committed to purchase from
Blueberries a quantity of up to 100 litres (100 kg) of CBD oils per
month, for a period of 12 months, with renewal provisions
contemplated for thereafter. It is anticipated that it will take
the parties approximately 6 months to ramp up to these quantities
upon the initiation of product export.
About Canurius UGCanurius is an
independent cannabis distributor in the final stages of becoming a
licensed importer and distributor of medical cannabis products in
Germany. Canurius will fulfill the functionality of a sales office
in Europe focused on increasing producer’s market penetration in
the EU. The company specializes in logistics and organizing
commercial agreements within Europe in order to offer added value
to its partners and help to bring their products to the European
market. The company will distribute cannabis-based products
directly to its customers which includes direct reach to a network
of over 100 pharmacies in Germany expected to expand to
approximately 1,000 by 2020. In addition to Canurius’ own
distribution network, the company is working with the biggest
wholesalers in the pharmaceutical industry to increase its market
penetration to more than 10,000 pharmacies. For more information
visit www.canurius.com
About Blueberries Medical
Corp.Blueberries is a Latin American licensed producer of
naturally grown premium quality cannabis with its primary
operations ideally located in the Bogotá Savannah of central
Colombia and operations currently being established in Argentina.
The Company is led by a specialized team with proprietary expertise
in agriculture, genetics, extraction, medicine, pharmacology and
marketing, Blueberries is fully licensed for the cultivation,
production, domestic distribution, and international export of CBD
and THC-based medical cannabis in Colombia. Blueberries’
combination of leading scientific expertise, agricultural
advantages and distribution arrangements has positioned the Company
to become a leading international supplier of naturally grown,
processed, and standardized medicinal-grade cannabis oil extracts
and related products.
Additional information about the Company is
available at www.blueberriesmed.com. For more information, please
contact:
Camilo Villalba, Chief Operating Officer Tel:
+57.313.483.0131 Email: cvillalba@blueberriesmed.com
Jessika Angarita, Pacta Relations Tel: +1 (305)
877 4710Email: angarita@pactarelations.com
Cautionary Note Regarding Forward-Looking
InformationThis news release contains "forward-looking information"
and "forward-looking statements" (collectively, "forward looking
statements") within the meaning of the applicable Canadian
securities legislation. All statements, other than statements
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as “expects”, or “does not expect”, “is
expected”, “anticipates” or “does not anticipate”, “plans”,
“budget”, “scheduled”, “forecasts”, “estimates”, “believes” or
“intends” or variations of such words and phrases or stating that
certain actions, events or results “may” or “could”, “would”,
“might” or “will” be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
statements. In this news release, forward looking statements
relate, among other things, to: completion of satisfactory due
diligence by each of the Company and Canurius, the entering into a
definitive agreement with respect to the proposed transaction on
the terms set out herein or at all, internal expectations,
expectations regarding the ability of the Company to produce
required amounts of CBD oils, the ability of the Company and
Canurius to obtain all necessary import, export, and other
regulatory approvals necessary to facilitate the transactions
referred to herein, the ability to attract and retain new
customers, and future expansion plans including development of the
cultivation, production, and marketing of cannabis and
cannabis-derived products.
These forward-looking statements are based on
reasonable assumptions and estimates of management of the Company
at the time such statements were made. Actual future results may
differ materially as forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors, among other things, include: fluctuations
in general macroeconomic conditions; fluctuations in securities
markets; expectations regarding the size of the Colombian and
international medical cannabis market and changing consumer habits;
the ability of the Company to successfully achieve its business
objectives; plans for expansion; political and social
uncertainties; inability to obtain adequate insurance to cover
risks and hazards; and the presence of laws and regulations that
may impose restrictions on cultivation, production, distribution
and sale of cannabis and cannabis related products in Colombia,
Argentina and elsewhere; and employee relations. Although the
forward-looking statements contained in this news release are based
upon what management of the Company believes, or believed at the
time, to be reasonable assumptions, the Company cannot assure
shareholders that actual results will be consistent with such
forward-looking statements, as there may be other factors that
cause results not to be as anticipated, estimated or intended.
Readers should not place undue reliance on the forward-looking
statements and information contained in this news release. The
Company assumes no obligation to update the forward-looking
statements of beliefs, opinions, projections, or other factors,
should they change, except as required by law.
Additional information regarding the Company,
and other risks and uncertainties relating to the Company's
business are contained under the heading "Risk Factors" in the
Company's Listing Statement dated January 31, 2019 filed on its
issuer profile on SEDAR at www.sedar.com.
No stock exchange, securities commission or
other regulatory authority has approved or disapproved the
information contained herein.
Blueberries Medical (CSE:BBM)
過去 株価チャート
から 12 2024 まで 1 2025
Blueberries Medical (CSE:BBM)
過去 株価チャート
から 1 2024 まで 1 2025