Australia's Little Green Pharma rises on supply deal with German firm

Little Green Pharma

04/10/2022 01:43

** Shares of cannabis firm Little Green Pharma  LGP.AX  rise
as much as 6.4% to A$0.250, their biggest intraday percentage
gain since Sept 19 
    ** Co says it partnered with German cannabis firm
Cannamedical Pharma for supply of bulk medicinal cannabis from
Denmark to Germany  urn:newsml:reuters.com:*:nASX1crPRw
    ** Says supply deal has a potential value of over A$4.5 mln
($2.92 mln) over two years
    ** LGP says it now has medicinal cannabis supply agreements
with four key wholesalers and distributors in Germany
    ** Stock down 60.5% this year, as of last close 
     ($1 = 1.5387 Australian dollars)
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))