Hi Mrwys1
You are correct, MGC Signs €40,000,000 Cannabinoids Offtake Agreement, AU $58.9 million
Immediately accelerates commercialisation timetable and initial revenue streams
18 June 2015
ASX Release
MGC Signs €40,000,000 Cannabinoids Offtake Agreement
• MGC Pharmaceuticals Pty Limited (MGC) secures multi-year off-take agreement with European cosmetic production company
• Worth in excess of €40 million, MGC is the first ASX related cannabis or hemp company to sign a wholesale CBD supply contract
• Immediately accelerates commercialisation timetable and initial revenue streams
• MGC plans to supply Cannabidoil (CBD) resin extract from its growing operation to be established in Slovenia, pursuant to recent license approvals
• Off-take agreement for a minimum supply of 300kg of CBD
Ann: MGC Signs $60,000,000 Cannabinoids Offtake Agreement, page-62
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