Canopy Growth Corp. (OTC:TWMJF) (TSXV:CGC) just announced that their wholly owned subsidiary, Bedrocan Canada Inc., has completed their first ever export of dried cannabis from Canada to Brazil.
The first of what is expected to be more cannabis exports from Bedrocan Canada to their Brazilian counterpart, Bedrocan Brasil, was a shipment of 10 kilograms of dried cannabis. This is equivalent to just over 22 pounds of dried cannabis.
The purpose of this export was to guarantee that Bedrocan Brasil has a standardized supply of research / medical grade cannabis to carry forward with clinical development programs. According to the release, they will now "begin clinical study drug preparation and stable pharmaceutical formulations needed for the development of a whole plant drug candidate targeting epilepsy and pain management for registration before the Brazilian health authority ANVISA anticipated in 2018."
According to Bruce Linton, Canopy Growth's CEO, "Brazil is an exciting international market for us..." as they work towards building a solidified medicinal cannabis platform in Brazil.
For more information on Canopy Growth Corp., check out the company's stock profile in our marijuana stock database.
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