TORONTO, Sept. 14, 2018 (GLOBE NEWSWIRE) — Maricann Group Inc. (CSE:MARI) (FRANKFURT: 75M) (OTCQB:MRRCF) (“Maricann” or the “Company) is pleased to announce its first shipment of Mariplant CBD capsules to German pharmacies.
On September 12th, 2018 Maricann shipped the first batch of Mariplant CBD capsules to be sold in Munich and the Greater Munich region followed by a shipment on September 14th, 2018 to the Greater Cologne region.
The delivery of this initial order of Mariplant CBD capsules marks the next step in Maricann’s European strategy to supply quality, differentiated products to European markets. German consumers will now be able to purchase the product online (www.mariplant.de) and at their local pharmacy. The Company plans a larger scale roll out of pharmacy distribution across Germany in the coming weeks and months.
The first shipment of capsules included Maricann’s differentiated CBD gel capsules that include the patent protected VESIsorb®. VESIsorb® is Maricann’s world class drug delivery technology that allows the Company to produce a superior product to the fast-growing European CBD market at a competitive price.
As stated in previous communications, VESIsorb® has been used in a number of fat soluble pharmaceuticals and nutraceuticals for over 30 years to increase absorption and efficacy. In November of 2017, Maricann purchased the rights for use of the VESIsorb® technology in all cannabis products (see press release dated August 22, 2017). This will allow the Company to develop a full suite of products ranging from finished dose pharmaceuticals to functional beverages while maintaining quality, predictable dosing, and consistent efficacy.
Our vision is: To enhance lives through cannabis, and with our products now accessible in the German market, we’re achieving our vision. This is no longer a concept, but reality.
Ben Ward, CEO of Maricann
The Company expects additional orders from other pharmacies throughout the growing German market in the coming weeks as more product becomes available. Furthermore, sales from the Company’s online shop www.Mariplant.de continue to demonstrate the German demand for Maricann’s products.
About Maricann Group Inc.
Maricann is a vertically integrated producer and distributor of cannabis for medical purposes. The Company was founded in 2013 and is based in Burlington, Ontario, Canada and Munich, Germany, with production facilities in Langton, Ontario where it operates a medicinal cannabis cultivation, extraction, formulation and distribution business under federal licence from the Government of Canada. The Company also has production operations in Dresden, Saxony, Germany and Regensdorf, Switzerland. Maricann is currently undertaking an expansion of its cultivation and support facilities in Canada in a 942,000 sq. ft. (87,515 sq. m) buildout and will continue to pursue new opportunities in Europe.