Page 38 - Janaury 2018

Dear Readers:

South Florida Hospital News & Healthcare Report welcomes you to
Cannabis News Florida, a feature of our print publication, website and
e-newsletters. Its purpose is to provide pertinent educational information from
leading authorities about medical and business developments in the medical cannabis
industry. We also intend to provide both national and international information
which will affect the medical cannabis business in the State of Florida.

Florida’s Source for Medical & Business Cannabis Developments

International Cannabis Developments

Recently, the Canadian government cannabis industry to show strong growth Arizona called Copperstate Farms, LLC.
and the 10 provinces agreed on a deal on over the coming years as companies cap- CEO Neufeld said that Aphria is look-
how to split a proposed federal tax on the italize on the country’s recreational mar- ing to shift its direct stake in Copperstate
sales of marijuana once the drug is legal- ket as well as international medical mar- Farms into Liberty Health Sciences,
ized. kets. thereby making it an indirect investment.
Finance Minister Bill Morneau told The international opportunity is sig- He said that Aphria has been working on
reporters that for an initial two years, nificant and several Canadian medical this for the last three months and made
75% of the revenue would go to the marijuana producers are well positioned its request to Copperstate’s Board last
provinces and 25% to Ottawa. Morneau to capitalize on this. month. Over the last quarter, Aphria has
expects the federal cannabis tax to ini- decreased its stake in cannabis technolo-
tially raise around $400 million per year. Aurora: Provides Update on gy platform MassRoots through the sale
After the initial two-year period has Germany Operations of stock.
ended, the government and provinces Aurora Cannabis Inc. (ACB.TO)
will meet to determine if this method is (ACBFF) traded higher after the Canopy Growth:
working. Canadian marijuana producer received A Global Opportunity
This meeting was an important devel- European Union (EU) Good Manu - BY MICHAEL BERGER Canopy Growth Corp (WEED.TO)
opment for Canada’s cannabis industry facturing Practices (GMP) certification (TWMJF) has been executing on all
and we are glad to see the government for the production, handling, storage and GMP regulations, certifying Aurora to cylinders and the company has been
and the provinces agree on the terms of packaging of cannabis flowers. The cer- produce active ingredients and their for- laser focused on international opportuni-
the deal. We expect Canada’s legal tificate covers both Chapter I II of the EU mulation into a pharmaceutical drug. ties.
EU GMP certification is the highest While we are favorable on Canopy’s
such recognition attainable by compa- leverage to the German medical marijua-
nies in the pharmaceutical space, and is a na market, we are also very excited about
requirement for companies to supply EU its Australian cannabis assets. In 2016,
markets with medical cannabis. Canopy Growth acquired 15% of
Additionally, Aurora's wholly-owned AusCann Group Holdings Ltd (AC8:
subsidiary, Pedanios Gmbh, Germany's ASX) (ACNNF), which is a cultivator,
largest distributor of cannabis to phar- manufacturer and supplier of Australian-
macies, has received EU GMP certifica- produced medical marijuana.
tion pertaining to the import, release and Earlier this month, AusCann was
distribution of dried cannabis flowers. granted a manufacturing license from the
Aurora is the second Canadian company Office of Drug Control for its Tasmania
January 17 - 19, 2018 | B Resort & Spa | Orlando, FL with wholly owned subsidiaries possess- site. The license was granted to
ing an EU GMP certification for produc- AusCann’s strategic partner and allows
tion, handling, storage and packaging in for the joint manufacture and supply of
Join Decision Makers at the Canada, as well as, for the import, medical cannabis products in Australia.
release, and distribution in Germany and AusCann and Tasmanian Alkaloids are
Canna East Compliance Summit to: beyond. the only Australian integrated operation
holding cultivation and manufacturing
Aphria: Looks to Decrease licenses, with an approved manufactur-
Exposure to the U.S. Market ing facility. This puts the partnership in a
· Gain access to key regulators from various states When it comes to international expo- firm position with operations starting in
to navigate through cannabis compliance and sure, Canadian licensed marijuana pro- 2018.
ducer Aphria Inc. (APH.TO) (APHQF) In September, Canopy Growth entered
regulatory challenges has more questions than answers. a supply agreement with AusCann and
Earlier this month, Aphria announced will act as AusCann’s exclusive supplier
plans to reduce exposure to United States of medical cannabis for the Australian
· Source partners you can trust to establish solid medical marijuana markets as it under- market. We are favorable on this rela-
goes a de-listing review by the group tionship and it is already proving to be a
business relationships to build your value chain which operates the Toronto Stock very strategic investment.
Exchange. Aphria’s CEO Vic Neufeld The Australian market continues to
said the company is in discussions with present attractive growth opportunities
· Develop best practices for cannabis compliance, TMX Group and planned to submit a for medical cannabis and we are favor-
brief on its stance before the holiday sea- able on Canopy’s minority ownership
testing, and delivering safe cannabis products son. stake and excellent working relationship
Earlier this year, Aphria announced with AusCann.
the launch of its United States expansion
strategy through a lead investment in Michael Berger is the Founder/President
Enjoy 15% off with Discount Code 1804MEDIA15 Liberty Health Sciences (LHS.CN) of Technical 420 LLC and may be reached
(LHSIF). In 2016, Aphria made its first at (305) 458-9982, or
investment in U.S. market via an invest- Michael.berger@technical420.com.
REGISTER NOW: ment in a medical marijuana producer in
infocastinc.com/canna-east

38 January 2018 southfloridahospitalnews.com South Florida Hospital News