29 September 2016
Operations Update - Delivery on Multiple Revenue Streams Imminent
• Set for first major product delivery and revenues under Californian distribution deal, with material discussions advanced on additional distribution deals across North America and Europe for its Anti-Aging product range
• Production of the Company’s first Slovenian API GMP grade cannabidiol (CBD) nearing completion, with first Active Pharmaceutical Ingredient (API) grade CBD production scheduled for Q2 2017
• Substantial progress of MGC Derma division towards launch of dermatologically tested products for the relief of several skin conditions, including Acne and Psoriasis
• Acquisition of Czech-based medical cannabis company, PANAX Pharma s.r.o (Panax) remains on track towards completion in Q4 2016
• Company to apply for an Australian Medical Cannabis licence during Q4 2016, following recent legislative changes in Australia and pursuant to Office for Drug Control process
MGC Pharmaceuticals Ltd (ASX: MXC or “the Company”), is pleased to provide an update to shareholders on recent material progress across a number of its core business units and future revenue streams.
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