Medical cannabis cultivator Murray Meds (MM) has signed a three-year supply deal with London-based pharmaceuticals distribution company The Armour Group (TAG) for the sale and export of medicinal cannabis oils.
Based on the Murray River in north-western Victoria, MM was recently acquired by medicinal cannabis and industrial hemp firm ECS Botanics.
As well as initially supplying product in the UK for clinical trials, the agreement will see TAG complete product registration in Germany, where it plans to distribute cannabis oil through established channels under the TAG brand.
ESC Botanics managing director Alex Keach said the deal is a strong base for expansion into Europe as MM begins life as part of its parent company.
“Fewer Australian companies are cultivating their own supply for export into Europe, we believe this illustrates the strong supply and manufacturing foundations ECS is building which supports our ability to supply high-quality, EU GMP-compliant, final-dose medicine at low cost,” Keach added.