Rises on launching medical cannabis brand in Israel

Medipharm Labs

05/10/2020 18:11

** Shares of Canadian cannabis producer  CRON.TO  up 2.5% at
C$6.84
    ** CRON launches its medical brand Peace Naturals in
pharmacies across Israel through its JV Cronos Israel 
 urn:newsml:reuters.com:*:nGNX7Z3Cc5
    ** Cronos Israel's operations include cultivation of
cannabis and production of Peace Naturals branded products at
its facilities located in Kibbutz Gan Shmuel
    ** Separately, European pharma co Stada  STAGn.H  enters
exclusive medical cannabis partnership with Canadian medicinal
cannabis firm MediPharm Labs  LABS.TO   urn:newsml:reuters.com:*:nFWN2GT0RG
    ** LABS to supply GMP certified medical cannabis products to
Stada, which will be responsible for commercializing cannabis
products; LABS shares up 13% 
    ** Stada and LABS to initially focus on Germany, before
potentially expanding to other European countries and
territories
    ** CRON shares have lost ~31% YTD, while LABS stock down 75%
    
   
    

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))