Europe Just Approved First CBD Oil, Paves the Way for Sizable Growth

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PALM BEACH, Florida, Sept. 26, 2019 /PRNewswire/ -- The European market is on course to grow 400% over the next four years, according to the Brightfield Group. Better, European regulators just approved GW Pharmaceuticals' Epidyolex – the first CBD oil to gain approval in Europe.  "The approval of cannabidiol oral solution is an important milestone for patients and families whose lives are significantly impacted by these rare, complex and life-long forms of epilepsy," said Isabella Brambilla, Chairman of the Dravet Syndrome European Federation. "We are very happy that patients will now have access to a much-needed, new treatment option, and one routed through a rigorous clinical trials program and licensed by the EMA."  As Europe wakes up to the CBD opportunity, it's opening a wide range of opportunity for cannabis companies that have already established launching cannabis products including The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF),  Charlotte's Web Holdings Inc. (CSE:CWEB) (OTCQX:CWBHF), Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB), Canopy Growth Corporation (TSX:WEED) (NYSE:CGC), and Aphria Inc. (NYSE:APHA) (TSX:APHA).

The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS:The Yield Growth Corp. just announced that on September 25, 2019 its wholly owned subsidiary W&W Manufacturing entered into a definitive agreement with Melorganics Hellas for the exclusive distribution of Yield's Wright & Well brand of CBD products in Greece and Cyprus.  The agreement grants exclusive distribution rights to Melorganics for an initial fee of CAD $100k for the first three years and continued exclusivity for up to 20 years with minimum annual purchases by Melorganics of CAD $100k.  The initial licensing fee is payable after at least 3 Wright & Well products have been registered for sale within the European Union, which is anticipated to take 3 - 6 months.  Melorganics is to submit its first order of products within 30 days after the date the 3 products have been registered. Yield's Wright & Well brand has a line of Ayurveda-inspired CBD infused products that are supported with hemp root oil. This powerful line-up is uniquely formulated to help people move freely by helping to alleviate pain. With proprietary formulations as unique as they are powerful, these products are backed by more than 30 years of Ayurvedic study and hands-on practice with chronic pain sufferers. Each product is formulated with the purest ingredients, nano-precise ratios, and uses carefully selected strains for the most impactful result.  "CBD is just starting to take hold in Europe, with both product availability and consumer awareness  still quite limited. This is a great opportunity for developed brands to enter and expand through Europe with far less competition than we're seeing in the U.S.," says Bethany Gomez, Brightfield Managing Director.