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BRIEF-Auscann Group Signs Supply Agreement For Purchase Of Cannabis Resin From Tasmanian Alkaloids

Published 01/07/2019, 09:39 am
Updated 01/07/2019, 09:40 am
© Reuters.  BRIEF-Auscann Group Signs Supply Agreement For Purchase Of Cannabis Resin From Tasmanian Alkaloids
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July 1 (Reuters) - Auscann Group Holdings Ltd AC8.AX :

* SIGNED A NEW SUPPLY AGREEMENT FOR PURCHASE OF CANNABIS RESIN FROM TASMANIAN ALKALOIDS

* NEW AGREEMENT WITH TASALK SECURES SUPPLY OF HIGH-QUALITY CANNABIS RESIN TO AUSCANN

* RESIN SUPPLY TO BE USED FOR FUTURE PRODUCTION AND DEVELOPMENT OF AUSCANN'S CANNABINOIDS-BASED PHARMACEUTICAL PRODUCT LINE

* UNDER AGREEMENT, CO AGREED TO BUY A MINIMUM OF 30% OF ITS RESIN SUPPLY REQUIREMENTS FROM TASALK FOR AN INITIAL 3-YEAR PERIOD

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