Vancouver-based BlissCo Cannabis Corp will be providing dried cannabis flowers from three cannabis strains to their German partner
BlissCo Cannabis Corp, a subsidiary of BlissCo Holding Ltd., has signed a non-binding letter of intent with the German biomedical and distribution company to sell 720 kilograms of dried cannabis flowers.
The name of the German company is set to remain undisclosed until the binding export agreement has been finalized.
CEO of BlissCo, Damian Kettlewell, said their German partner will promote the proper use of cannabis.
“Our German partner will promote the responsible use of cannabis for medicinal purposes, providing international expansion to the distribution arm of the BlissCo ecosystem.”
The cannabis demand is estimated to reach 126,000 kilograms per year in Germany, and that domestic production to rise to up to 6,600 kilograms by 2022.
Medical cannabis currently has a federal health insurance coverage of approximately 82 million.
For the marijuana shipment to begin BlissCo Cannabis Corp has to secure an export permit from Health Canada. The German company must also secure an import permit.