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MGC in Korean supply deal

Medical cannabis company MGC Pharmaceuticals has locked in a supply agreement that it expects to net about $20 million in annual revenue.

Perth-based MGC said today it had executed a binding terms and conditions supply agreement for white-label cannabinoid oil cosmetics products to South Korean cosmetics manufacturer Varm Cosmo.

The agreement was made through MGC subsidiary MGC Derma, of which it owns 51 per cent.

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