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