28/09/2018 - 07:54

MGC to sell cannabis cosmetics arm

28/09/2018 - 07:54

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MGC Pharmaceuticals will focus on its cannabis-based pharmaceutical products after reaching a deal to sell its cannabis cosmetics division, MGC Derma, to Canadian private cannabis investment company CannaGlobal for CAD$12.5m in scrip. CannaGlobal will also commit to an exclusive five-year supply agreement for MGC to supply it with raw materials and proprietary production intellectual for the period.

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