New #EU Policy Could Bring Massive Changes to
#Cannabis Sector: (NYSE: $ACB) (TSX: $ACB.TO) (OTC: $HIPH) (NYSE: $APHA) (TSX:
$APHA.TO) (TSXV: $RIV.V)
Point Roberts, WA and Delta, BC - February 15, 2019
(Investorideas.com Newswire) Investorideas.com, a leading investor news
resource covering hemp and cannabis stocks releases a snapshot looking at how
recent developments in the EU Parliament as well as WHO (World Health
Organization) could have massive impacts on the cannabis market and which
companies are preparing for this next step in the radically expanding sector.
Read this in full
at https://www.investorideas.com/news/2019/cannabis/01231RetailInvestors-Stocks.asp
In breaking news yesterday, the European Parliament passed a resolution calling on the European Commission and EU
countries to provide a legal definition and draw a clear distinction between
cannabis-based medicines approved by regulatory bodies, MMJ not supported by
clinical trials, and other applications of the plant.
The current patchwork
of regulations in Europe has been seen as one of the main challenges for firms
trying to expand into different markets and this resolution “emphasizes the
need for the standardization and unification of products containing
cannabis-based medicines.”
The resolution calls
on the commission and national authorities “to address the regulatory,
financial and cultural barriers” that have been hindering scientific research
and “stresses the importance of close cooperation and coordination with the
World Health Organization,” who recently recommended the United Nations
Commission on Narcotic Drugs to reschedule cannabis.
This will come as
good news to Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB.TO), who has already entered the European
market having announced earlier this month its first commercial export of cannabis oil
to the United Kingdom (UK), making it one of the first Canadian companies to
commercially supply cannabis-based medicines into the UK under the new legal
framework.
American Premium
Water Corporation (OTC:HIPH) is also looking to the EU, having announced that it has established a business
development team based in the UK and Spain to pursue distribution deals and
strategic partnerships for the Company’s LALPINA brand across the
Continent. The team will be led by Tanya
Gullick, who will hold the title of Managing Director, Business Development, UK
& Europe, with Paolo Toffolo as Director of Sales & Marketing for UK
& Europe.
American Premium CEO,
Ryan Fishoff, commented, “I am thrilled to announce the Company’s entry into
the European continent. This market has been largely ignored by a lot of our
counterparts but collectively is as large as the US and Canadian hemp markets.
This will be a huge potential market for the Company once we export our THC
infused beverage that complies with all federal and international laws. It’s an exciting time and I look forward to
going there to meet the entire team and work on the strategy for the region.”
At the start of the
month, Aphria Inc. (TSX: APHA.TO) (NYSE: APHA) completed its first transfer of plant cuttings from four of the Company's
cannabis strains to Denmark-based Schroll Medical as part of the Company's
previously announced Strategic Partnership with Schroll. The shipment was
completed under permits issued by the relevant health authorities, including an
export permit from Health Canada, an import permit from the Danish Medicines
Agency and a phytosanitary certificate from the Canadian Food Inspection
Agency.
"We are pleased
to introduce the first four Aphria strains to be produced in Europe, through our
strategic alliance with Schroll," said Hendrik Knopp, Managing Director of
Aphria Germany, who is overseeing the Partnership on behalf of Aphria and
Schroll. "This marks another important milestone for Aphria as we extend
our leadership position in the European market, and it gives me joy to be able
to say today that we literally have a good thing growing in Europe."
Canopy Rivers Inc. (TSXV:RIV) has also been investing in the EU, having announced a $9.4 million equity investment in its
portfolio company Canapar Corp., the Canadian parent corporation of Canapar
SrL, an Italy-based organic hemp production and processing platform. The
investment aligned with the Company’s global-focused growth strategy and is
expected to provide the Company with the opportunity to capitalize on the
rapidly expanding European CBD market.
These recent recommendations from the EU and WHO could blow the lid off
the cannabis sector and allow for much more freedom with regards to trade,
transportation and research, but with expansion comes new challenges and
companies like HIPH and Aurora, who have already begun investing in this area,
are likely to have a major advantage moving forward.
For investors
following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX
Marijuana/Hemp Stocks
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