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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!