Little Green Pharma (ASX:LGP) announced a new export partner — and it happens to be the only company covering the entire medicinal cannabis production chain.

Berlin-based Deutsche Medizinalcannabis (Demecan) will import and sell LGP’s Classic medicinal cannabis oils and dried cannabis flowers. While many Australian cannabis companies import cannabis, LGP grows its own in Western Australia.

The first shipment is expected in the second half of this year and it will be at a premium compared to its Australian sales. However it has been exporting to Germany for nearly 6 months.

Germany is the largest medicinal cannabis market in Europe, with 240,000 estimated prescriptions. But there is insufficient domestic supply due to delays in its cultivation tendering process.

Demecan executive director Cornelius Maurer said LGP shared his company’s focus on patient well being and positoining as a high quality pharmaceutical provider and wholesaler.

LGP’s own Fleta Solomon said he was thrilled to enter into the partnership.

The company only listed last week and dropped on debut. While it is still underwater, shares rose 3.7 per cent this morning.

 

Read More: IPO Watch: Another stock crops up on the ASX and fails to get investors high

In other ASX small cap cannabis news today…

Zelira Therapeutics (ASX:ZLD) announced it completed enrolment of another of its clinical trial. It has several trials underway – this one is Phase 1 dose escalation trial on patients on long term opoid treatment, for treating chronic pain. Dosing will be complete by April 2020 with the final report mid-year. The trial is being conducted with Emerald Clinics (ASX:EMD). It comes only a week after a trial in patients with insomnia passed with flying colours.

Read MoreCannabis StocksMedical Cannabis

Featured Companies

You might be interested in