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BRIEF-MGC Pharmaceuticals says unit gets European distribution agreement

Published 24/03/2016, 11:27 am
© Reuters.  BRIEF-MGC Pharmaceuticals says unit gets European distribution agreement
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March 24 (Reuters) - MGC Pharmaceuticals Ltd MXC.AX :

* MGC derma, has executed its first European distribution agreement for its cannabinoid (cbd) based cosmetic product range

* Discussions are significantly advanced to enter into similar distribution agreements in neighbouring European countries

* Distribution agreement represents revenue of approximately about A$500,000 in gross sales

* Exclusive distribution agreement with czech medical herbs

* Source text for Eikon

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