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MarketScreener Homepage  >  Equities  >  CANADIAN NATIONAL STOCK EXCHANGE  >  BlissCo Cannabis Corp    BLIS   CA09357P1045

BLISSCO CANNABIS CORP (BLIS)
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BlissCo Cannabis :  Blissco Signs Distribution Agreement with Pharmadrug in Germany

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01/11/2019 | 08:01am EST

Not for distribution in the U.S. or to U.S. Newswires

VANCOUVER, British Columbia, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B), (“Blissco”) or the (“Company”) is a Canadian wellness cannabis brand based in British Columbia and licensed producer, processor, and distributor of premium dried cannabis and cannabis oil. Today, the Company is pleased to announce its newly formed strategic partnership with Pharmadrug Production GmbH (“Pharmadrug”) for distribution of Blissco’s product in Germany.

Pharmadrug will actively promote Blissco’s dried cannabis product across its expansive medical cannabis network in the German market. Pharmadrug is a private pharmaceutical company headquartered in Hamburg, Germany, and an international distributor and manufacturer for pharmaceutical products in the Middle East, Africa, and Europe.

“We are excited to partner with Pharmadrug and enter the German market. Building international partnerships is a key component of Blissco’s growth strategy, and we are looking forward to hosting German inspectors for a Good Manufacturing Practice (GMP) inspection of the Blissco facility in late January,” said Damian Kettlewell, CEO of Blissco.

A successful GMP inspection is required to earn a GMP certification which will enable Pharmadrug and Blissco to apply for import and export permits to begin shipping. Germany is the largest legal cannabis market in the world with a population of over 82 million people who have federal insurance coverage for cannabis.

“As a German entrepreneur, I very much appreciate the pleasant and efficient co-operation with Blissco. We are proud and confident to bring such a dedicated team into the growth-oriented German market,” said Pharmadrug CEO Thomas Raab.

About Pharmadrug Production GmbH
Pharmadrug Production GmbH, Hamburg, is a medium-sized German pharmaceutical company with established business in Africa and the Middle East. Pharmadrug is specialized in purchasing and manufacturing generic pharmaceuticals as well as marketing healthcare products and active pharmaceutical substances (APIs), finished dosage forms (FDF), medical consumables, and devices. Its subsidiary Septichem is specialized in water disinfection and purification systems. Pharmadrug has combined quality, speed, service, and high cost-efficiency to satisfy governmental and private customers worldwide since 1982.

About Blissco Cannabis Corp.

Blissco Cannabis Corp. (CSE: BLIS) (OTCQB: HSTRF) (FRA: GQ4B) is a Canadian wellness cannabis brand based in British Columbia and a licensed producer, processor, and distributor of premium dried cannabis and cannabis oil.

Blissco is committed to providing distinguished service to its medical clients and plans to launch a telemedicine app to offer mobile access to a Nurse Practitioner for easy guidance and access to a prescription for medical cannabis products. Blissco is also developing an e-commerce website for its medical clients that will house a curated shop of premium dried cannabis, cannabis oil and related products. Blissco will be selling adult-use dried cannabis and processed products in Canadian provinces.

Blissco provides processing, extraction and distribution services to the growing market of licensed Canadian cannabis cultivators. The Company leverages cutting-edge technology and is continuously developing its network of top-tier industry cultivators, retailers, and innovators. Blissco is backed by an experienced team that is deeply in tune and integrated with industry partners and Blissco's clients.

Learn more: Blissco.com

On Behalf of the Board of Directors

BLISSCO CANNABIS CORP.

Damian Kettlewell, CEO, Founder & Chair

For further information please contact:
1 604 484-9119
investors@blissco.com

Cautionary Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the word “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. This news release contains forward-looking statements and assumptions pertaining to the following: the ability to execute on our strategic plans and the impact on our future operations, capital expenditures, receipt of a cannabis oil license and a license to sell dried cannabis and other objectives. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

The CSE has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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Source: Blissco

2019 GlobeNewswire, Inc., source Press Releases

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Managers
NameTitle
Damian Kettlewell President, Chief Executive Officer & Director
Jennifer Archibald Chief Financial Officer
Meena Ballantyne Director
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