first of many orders, this one worth 3.4M a year18 Feb 2021 12:26
MGC Pharmaceuticals Ltd - medicinal cannabis firm - Signs minimum 3-year exclusive master supply and distribution agreement with European nutraceutical producer and distributor, Swiss PharmaCan AG for the sale and distribution of the company's food supplement ArtemiC product line. ArtemiC is a clinically tested food supplement containing four natural based ingredients consisting of artemisinin, curcumin, boswellia serrata, and vitamin C. "The agreement represents the first sales of ArtemiC as a food grade product and provides MGC Pharma direct access to the large and rapidly growing markets that are still reporting high numbers of Covid-19 cases," company says. It adds, the agreement includes a minimum wholesale order quantity of 40,000 units of per quarter and an initial wholesale order of 10,000 has already been received from SPC. This initial 10,000 unit order equates to a retail market value of USD850,000 to SPC.