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Materia Acquires Licensed Medical Cannabis Distributor and Officially Enters the German Market

LONDON, May 12, 2020 /PRNewswire/ — Materia („Materia“ or the „Company„), a medical cannabis and wellness company focused on the European market, is pleased to announce that it has acquired 100% of the issued and outstanding shares of Cannaktiv GmbH („Cannaktiv“), a licensed importer and distributor of medical cannabis products in Germany. Based in Hamburg, Cannaktiv has been awarded all of the requisite licenses to import and distribute medical cannabis products to wholesalers and pharmacies throughout Germany, including the following:

  • Wholesale distribution licence granted according to §52a under the German Medicinal Products Act („AMG“);
  • Certificate of Good Distribution Practice („GDP“);
  • License to distribute medical cannabis flowers that have undergone ionizing radiation treatment („AMRadV“); and
  • Permit for the trade in narcotic drugs as per §3 of the German Narcotic Drugs Act (Betäubungsmittelgesetz, „BtMG“);

Quelle: Finanznachrichten