AgraFlora Organics Acquires German EU-GDP Medical Cannabis Distributor, Farmako GmbH, Vertically Integrating Into the EU Marketplace

VANCOUVER, British Columbia, Oct. 25, 2019 (GLOBE NEWSWIRE) -- AgraFlora Organics International Inc. A (a??AgraFloraa?? or the a??Companya??) (CSE:A AGRA) (Frankfurt: PU31) (OTCPK: AGFAF), a growth oriented and diversified international cannabis company, is pleased to announce the Company has acquired 100 per-cent (100%) of the issued and outstanding shares of The Good Company GmbH (a??The Good Companya??). The Good Company is the parent company of German EU-GDP medical cannabis distributor, Farmako GmbH (a??Farmakoa??).
Farmako is a leading European medical cannabis distributor, headquartered in Frankfurt, Germany, with affiliated companies in the United Kingdom (a??UKa??), Luxembourg and Denmark.GERMANYFarmako is equipped with the following German and European industry certifications and distribution licenses, affording the Company unparalleled access to Germanya??s geometrical growing medical cannabis marketplace:

Medical wholesale distribution license under German Medicines Act (a??AMGa??);

Permit for Narcotic Drug Handling as per German BetA¤ubungsmittelgesetz (a??BtMGa??); and,

Certificate of EU-Good Distribution Practice (a??EU-GDPa??).

Farmako has realized revenues of over C$2,326,000.00 throughout the 2019 fiscal year and has succeeded in capturing an eight per-cent (8%) market share of Germanya??s burgeoning medical cannabis arena, boasting the highest capital efficiency and positive EBIT margins within the industry.A 
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