December 21, 2017 / 6:21 PM / 3 months ago

UPDATE 1-MedReleaf partners with Shoppers Drug Mart to sell cannabis online

(Adds details on deal, background)

TORONTO, Dec 21 (Reuters) - Canadian cannabis producer MedReleaf Corp on Thursday signed an agreement with retailer Loblaw Companies’ unit Shoppers Drug Mart to sell medical cannabis online.

Rival cannabis producer Aphria Inc entered into a similar deal with the retail pharmacy chain earlier this month.

Shares of MedReleaf were halted ahead of the announcement and will resume trading at 13:15 ET.

Canadian cannabis producers are scrambling to sign up distributors as the country is on track to legalize recreational marijuana by July.

Reporting by Nichola Saminather in Toronto and Ahmed Farhatha in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below