MGC Pharmaceuticals Ltd (ASX: MXC or “the Company”) is pleased to announce that its European subsidiary MGC Derma (MXC 51%) has signed a sales and distribution agreement with leading global pureplay online beauty store Cult Beauty. Available to consumers worldwide, Cult Beauty will launch 15 of MGC’s cannabidiol cosmetic products and its Derma plus skin care range from 1 February 2018. Revenues from the deal in 2018 will be dependent on sales of the products and the 6-month exclusive marketing campaign. CultBeauty.com are expert curators and trend dictators. They distil the global beauty industry down to its brightest and best; from the latest scientific discoveries, to hundred-year-old remedies that have never been bettered. This is a beauty hall of fame that you can shop in the knowledge that anything you buy will be outstanding. MGC Derma is a joint venture with industry-credentialed cosmetics manufacturer, Dr. M. Burstein Ltd., operating in Europe, of which MGC Pharmaceuticals owns 51 per cent and retains management control. MGC Derma is a leading cannibidiol (CBD) cosmetic brand with distribution deals across a number of markets where the products are permitted.
Ann: MXC Signs Exclusive Distribution Agreement with Cult Beauty, page-2
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