• Heads of Agreement (“HOA”) signed with specialist Australian pharmaceutical distributor, HL Pharma Pty Ltd to bring MGC Pharmaceuticals’ affordable epilepsy product, CannEpilTM to the Australian market for treating epilepsy patients
• Definitive Agreement to be finalised and executed within 14 days of signing the HOA
• Sets in place the timeline for multiple milestones, including delivery of the first MGC Pharmaceuticals’ medical cannabis products to Australian epilepsy patients
• Signifies the commencement of Australian sales pipeline and revenue stream
• Leverages MGC Pharmaceuticals’ established relationship with Epilepsy Action Australia to rapidly build an Australian patient market through multiple prescribing Australian doctors, at an affordable retail price for patients
• Deal set to generate significant medical cannabis revenues for MXC, expected to be approximately $1m in 2018 from less than 100 patients already registered
• Potential market of +70,000 Australians suffering from drug-resistant epilepsy
• Delivery of the first products to patients set to commence during Q1 2018
• Heads of Agreement (“HOA”) signed with specialist Australian...
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