New leader in german cannabis created with acquisition of truhc, leading eu-gmp medical cannabis producing facility, on historic day germany legalizes recreational cannabis
Acquisition capitalizes on truhc's leading german cannabis platform, including: eu-gmp processing and production license gdp wholesale license for import / export eu-gmp certified customizable modules with flexibility to incorporate various production / packaging processes and which enable license extension for future in country cultivation and supply to cannabis dispensaries narcotics license with eu-gmp certified storage eu-gmp certified laboratory for instant cannabis analysis transaction combines flora's extensive global cpg and pharmaceutical distribution network with truhc's deep global cannabis expertise, including an executive team with extensive experience building successful medical and recreational cannabis companies across germany, canada, and the united states. germany is expected to become world's largest federally legal cannabis market with expected market potential of over $10 billion with federal legalization and the critical elimination of banking, financial, capital markets, and tax constraints faced by u.s. operators.
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