BRIEF-Canopy Growth Corp, Bedrocan Canada launch Brazil joint venture

martes 28 de junio de 2016 06:46 GYT
 

June 28 (Reuters) - Canopy Growth Corp

* Canopy Growth Corporation and Bedrocan Canada launch Brazil joint venture

* Says closing of an agreement with Sao Paulo-based Entourage Phytolab S.A. with wholly-owned subsidiary Bedrocan Canada Inc

* Co will partner with Entourage to develop cannabis-based pharmaceutical medical products for Brazilian, international markets

* Says to create a new company called Bedrocan Brazil S.A

* Bedrocan Brazil will hold sole local rights to use Bedrocan brand and genetic material and cultivation technology of Bedrocan in Brazil

* Canopy Growth Corp says new company will facilitate importation of bedrocan's proprietary standardized cannabis varieties into Brazilian market

* Canopy Growth Corp says initially, Bedrocan Brazil will import cannabis products into Brazil from Canada or Netherlands

* Will partner with entourage to develop cannabis-based pharmaceutical medical products for Brazilian and international markets   Continuación...