Cannabis Investors are Quickly Eyeing Big Opportunity in Europe - Seite 2

Apollo Green has been accumulating an extensive library of high-THC genetics and has benefited from its relationship with Ed Rosenthal. Mr. Rosenthal is a Global Advisor to Apollo Green and is a leading cannabis horticulture authority, author, educator, social activist and legalization pioneer.  "Terrace Global is building a world-class cultivation facility in one of the most attractive countries from a regulatory and climate perspective. We will be working closely with the Company to see how these genetics perform by leveraging our extensive cultivation expertise," commented Tyler LeBlanc, Chief Executive Officer of Apollo Green. "This is a meaningful partnership for us as we seek to grow our genetics and plantlet business globally. Terrace Global is the ideal partner given its extensive experience and international footprint in Uruguay, Portugal and Spain."

Other cannabis-related developments from around the markets include:

The Green Organic Dutchman (TSX:TGOD)(OTCQX:TGODF) announced changes to streamline its leadership structure. The Company's President, Mr. Csaba Reider, will be departing the organization. Mr. Reider's duties will be assumed by the Company's CEO, Brian Athaide. Mike Gibbons, Vice President of Sales, is also leaving the organization. Robert Gora, Vice President of Medical Commercialization, will assume the consolidated role of Vice President, National Sales, leading sales and revenue generation across medical and recreational channels. "The changes we announce today are part of a comprehensive review of our operations to reduce costs and improve cash flow. This will result in significant G&A savings and a leaner more efficient organization. We are also very focused on ramping up production, expanding our product portfolio with innovative organic products and gaining market share across the country," commented Brian Athaide, CEO of TGOD.

PharmaCielo Ltd. (OTCQX:PCLOF)(TSXV:PCLO) announced it has signed a three-year pan-European distribution agreement. In the agreement the company's high-grade CBD isolate and broad-spectrum CBD oil will be sold to wholesalers and medicinal CPG product manufacturers through GMP-certified lab owner, CBD Export Global. The distribution channel covers the entire EU-zone as well as Switzerland and Lichtenstein, and shipments are expected to commence in 2020 with increasing volumes during duration of the agreement. The agreement with the Quebec, Canada-based CBD Export Global expands PharmaCielo's distribution network in Europe with shipments into the EU to commence in 2020 with increased volumes during the duration of the agreement as B2B markets are expanded. A minimum target volume of 2,000 kg has been agreed to in the first year of the three-year performance-based agreement, allowing for confirmation of individual market regulatory approvals and enabling increased sales volume expansion in subsequent years.