Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

ICC International Cannabis says partner's Greek acquisition to bolster European capabilities

Proactive Investors Monday, 24 December 2018
International Cannabis Corp (CSE:WRLD) (OTC:KNHBF) CEO Eugene Beukman said the acquisition by its European distribution partner, Cosmos Holdings Inc, of the Greek pharmaceutical wholesaler Cosmofarm Ltd will bolster ICC's distribution capabilities in Europe. “International Cannabis applauds the acquisition of Cosmofarm, which further augments the company’s robust European distribution capabilities," Beukman said in a statement. Cosmofarm is equipped with an extensive supplier network of 250 pharmaceutical manufacturers and had sales of nearly US$14 million for fiscal year 2017. It provides products to more than 1,300 pharmacies. Cosmofarm is in the process of relocating its operations to a new 32,000-square-foot facility, greatly increasing its manufacturing capacities, according to ICC. The facility’s manufacturing operations include a robotic fulfillment center and will significantly improve Cosmofarm’s scaling and distribution capabilities. READ: Cosmos Holdings acquires Cosmofarm in Greece "Cosmofarm is a rapidly growing wholesaler with embedded shared-values of innovation and high-quality distribution," said Beukman. "The company will leverage Cosmofarm’s distribution channels and robotic fulfillment center to facilitate its growing pipeline of purchase orders in 2019." Vancouver-based ICC will market and sell its cannabis and cannabidiol products throughout the 28 member states of the EU.  Licenses permit the company to cultivate, manufacture, distribute and export industrial hemp and its many CBD-derived extracts. Greece boasts more than 300 days of sunshine per year, providing an attractive climate for outdoor industrial hemp cultivation, according to ICC. Cosmos has a trans-European network of more than 160 clients and vendors. ICC, through its subsidiaries, has agreements in place for European-based pharmaceutical distribution, wholesale importation, and research and development. The company has licenses to cultivate, produce, distribute, store and export cannabis, cannabis derivatives and industrial hemp in Colombia, Denmark, Poland, Greece, Portugal, Poland, Macedonia, Bulgaria, South Africa and Lesotho.   Contact Rene Pastor by [email protected]
0
shares
ShareTweetSavePostSend
 
Credit: Wochit Tech - Published < > Embed
News video: YouTube Is In A Bitter Fight With The European Union

YouTube Is In A Bitter Fight With The European Union 00:33

According to Business Insider, The European Union's Copyright Directive is expected to be finalized in January. In its current form, it includes two provisions that would devastate YouTube's business. The directive calls for stricter copyright infringement enforcement, putting the responsibility on...

Recent related videos from verified sources

Global Stocks Near One Month Highs [Video]Global Stocks Near One Month Highs

LONDON (Reuters) - European shares gained ground on Tuesday, with Germany’s carmakers outperforming, as risk appetite held firm after the United States stepped back from imposing tariffs on Mexico...

Credit: Wochit Business     Duration: 00:44Published

Cannabis Cup coming to Clio, Michigan, High Times magazine editor sees real potential in our state [Video]Cannabis Cup coming to Clio, Michigan, High Times magazine editor sees real potential in our state

The Cannabis Cup. Ever heard of it? It’s a well known event with people from all over the world featuring panels, seminars, educational classes all geared towards marijuana.

Credit: WXYZ Detroit     Duration: 02:24Published

Illinois to Legalize Recreational Marijuana [Video]Illinois to Legalize Recreational Marijuana

Illinois to Legalize Recreational Marijuana Illinois lawmakers voted 66 to 47 in favor of the Cannabis Regulation and Tax Act on May 31. Governor J.B. Pritzker is expected to sign the bill and make..

Credit: Wibbitz Top Stories     Duration: 01:20Published

Pro-Brexit Conservatives Want To Ditch May's Deal With The European Union [Video]Pro-Brexit Conservatives Want To Ditch May's Deal With The European Union

According to Reuters, an influential pro-Brexit group of Conservative lawmakers said on Wednesday that Prime Minister Theresa May’s successor should abandon her Brexit deal and commit to taking..

Credit: Wochit News     Duration: 00:36Published

No Cannabis Sales On This Super Bowl [Video]No Cannabis Sales On This Super Bowl

The Super Bowl will not feature any "Super Bowls".

Credit: Celebrity Wire     Duration: 01:20Published

Canopy Growth CEO Is Confident in Cannabis Future With or Without U.S. Market [Video]Canopy Growth CEO Is Confident in Cannabis Future With or Without U.S. Market

Cannabis legalization in the U.S. has hit a couple of snags in recent weeks as New Jersey's full legalization efforts collapsed, but Canopy Growth CEO Bruce Linton is not concerned about the minutia..

Credit: The Street     Duration: 07:47Published

Who will be the next 'Mr or Ms. Europe'? [Video]Who will be the next 'Mr or Ms. Europe'?

European Union leaders engaged in a first skirmish on Tuesday over who should become the next chief of the European Commission, giving themselves a short deadline to agree on the bloc’s top jobs and..

Credit: Reuters - Politics     Duration: 02:10Published

Divisions among leaders as EU's 'Game of Thrones' begins [Video]Divisions among leaders as EU's 'Game of Thrones' begins

European Union leaders hold informal talks in Brussels as they start process to decide who should fill bloc's top jobs.

Credit: Al Jazeera STUDIO     Duration: 02:21Published


Recent related news from verified sources

9 Spokes and Microsoft see significant user traction for Bank of New Zealand white-label deployment

9 Spokes International Ltd (ASX:9SP) is making strong progress on its most recent banking partner contract with Bank of New Zealand (BNZ), achieved through the...
Proactive Investors

THC Global granted cannabis Manufacture Licence, shares surge 20%

THC Global Group Ltd (ASX:THC) has been granted a Manufacture Licence for production of extracts and tinctures of cannabis and cannabis resin, thereby completing...
Proactive Investors

Althea Group achieves 1,000-patient milestone for medicinal cannabis prescription

Althea Group Holdings Ltd (ASX:AGH) has achieved the 1,000-patient milestone, a +53% increase on the 651 patients reported on April 29, 2019. The licensed...
Proactive Investors

You Might Like


Other recent news in Business

Power outage cripples Argentina and URUGUAY, 48 million affectedLabor questions PALADIN contract extension
SAUDI PRINCE calls for stand on tankersSBS World News: LIVE STREAM
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.