MGC Pharmaceuticals Ltd - Perth, Australia-based medicinal cannabis company - Completes the delivery of its "largest" order of ArtemiC Rescue to US distribution and marketing partner, AMC Holdings Inc. Says the order is worth USD1.0 million and was delivered in a single shipment.
ArtemiC Rescue is a nutraceutical which showed a range of benefits for moderate Covid-19 sufferers in phase II clinical trials back in 2020.
AMC's Brent Yessin says: "AMC are excited to bring the first commercial order of ArtemiC into the US. It will be available both on-line and through independent pharmacies. Since the pandemic, the federal government has stopped paying for many treatments the cost burden has shifted to the individual states and consumers. With this change in policy AMC are pleased to be in a position to offer the market a natural, plant-based and clinically tested treatment option."
Current stock price: 0.72 pence, up 7.4% in London on Monday afternoon
12-month change: down 70%
By Sophie Rose, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2022 Alliance News Ltd. All Rights Reserved.