Aurora Cannabis says it will supply medical cannabis to Mexico through a partnership with pharmaceutical manufacturer and distributor Farmacias Magistrales.
Farmacias recently got the green light to import cannabis, which Aurora says is the first and only import license granted by federal Mexican authorities to date.
Aurora’s chief executive Terry Booth says the exclusive partnership expands the cannabis grower’s early mover advantage in Latin America.
READ MORE: Aurora Cannabis ramping up production but recreational pot shortages will likely linger
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Watch below: (From Oct. 29, 2018) As cannabis shortages continue across Canada, even the AGLC’s website has almost nothing available for buyers. As Fletcher Kent reports, some say the supply chain needs to be fixed.
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The Edmonton-headquartered pot producer says Farmacias has a reach of roughly 80,000 retail points, and 500 pharmacies and hospitals across Mexico.
It adds that Farmacias has also received licences from Mexico’s Federal Commission for Protection Against Health Risks to manufacture and distribute products with CBD and THC.
Shares of Aurora rose as much as 10 per cent to hit $7.82 in intraday trading on the Toronto Stock Exchange.
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