+ 1.40
+ 0.78%

Cannabis Company AltMed Enters Canadian Market Via Shoppers Drug Mart Deal

September 23, 2020 5:47 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print More

Cannabis company AltMed Enterprises announced Wednesday that it is expanding into Canada.

AltMed has secured a national licensing agreement for distribution of its MÜV products at 1,300 Shoppers Drug Mart pharmacies.

“Canada is mature cannabis marketplace with sophisticated consumers, so we are thrilled to be able to offer our award-winning MÜV line north of the border,” said AltMed CEO Mike Smullen. “Our MÜV EnCaps products are for patients who prioritize a smoke-free delivery method that is both long-lasting and fast-acting.”

AltMed is partnering with Alberta-based Atlas Growers for this licensing deal. Atlas Thrive – Powered by MÜV will roll out across Canada in the fourth quarter with a variety of product formats including transdermal patches, transdermal gels, tinctures and capsules all using the patented EnCaps technology.

AltMed currently operates 25 MÜV dispensaries in Florida and one in Phoenix, Arizona.

Related Articles

Ontario Boosts Canadian Cannabis Sales To Reach $245M In August

Canada cannabis sales increased 94% over the year and 6% sequentially to CA$244.9 million in August. According to Statistics Canada, the growth can be attributed to the expansion of the retail footprint across provinces, including British Columbia and especially Ontario. read more

Flowr Poised To Acquire Terrace Global Via CA$63M Deal

The Flowr Corp. (TSX.V: FLWR) (OTCPK: FLWPF), a global cannabis company, is acquiring Terrace Global Inc. (TSXV: TRCE). read more

Aurora Continues To Sell Assets, Places Focus On 'Core Markets'

Aurora Cannabis Inc. (NYSE: ACB) opted to part ways with Australia-based Cann Group. read more

Planet 13 Expands In Las Vegas, CEO Touts 'Record Sales' Despite Less Tourism

Cannabis company Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) disclosed Monday it's expanding its Las Vegas SuperStore dispensary. The Nevada-based company noted it would also include the new entertainment features. read more

Fire & Flower Acquires 3 Ontario Stores, CEO Touts 'Growth Plan'

Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWF) is poised to acquire three Ontario-based dispensaries. read more