Australia's Little Green Pharma climbs on three-year supply deal

Little Green Pharma

19/04/2022 02:15

** Shares of medical cannabis producer Little Green Pharma
 LGP.AX  rise as much as 5.6% to A$0.475, marking their biggest
intraday percentage gain since April 8 
    ** Says it unit, Little Green Pharma Denmark ApS, signed a
three-year sales agreement for the supply of white-label
cannabis flower products to Germany's Deutsche Medizinal
cannabis GmbH   urn:newsml:reuters.com:*:nASX1Hxmd7
    ** Says the deal represents about A$9 mln ($6.62 mln) in
total revenue per annum for the products it will supply  
    ** Stock down ~24.4% this year, as of last close 

    ($1 = 1.3598 Australian dollars)

 (Reporting by Shashwat Awasthi in Bengaluru)
 ((Shashwat.Awasthi@thomsonreuters.com))