For Immediate Release May 29, 2018
SpeakEasy Signs a MOU to Bring Premium Cannabis to Germany and the European Union with HerbaMedica GmbH
Vancouver, B.C., – Speakeasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (the “Company” or “SpeakEasy”) a late stage ACMPR applicant is pleased to announce it has signed a memorandum of understanding with HerbaMedica GmbH to export premium cannabis to Germany and the EU markets.
HerbaMedica will buy/distribute a fixed amount of products from SpeakEasy and SpeakEasy will provide this amount every year, initially this obligation shall last for three years after the binding conclusion of the Venture. binding conclusion of the Venture. The before mentioned amount shall be fixed between the parties once the German authorities have granted the license, companies will engage in signing a definitive agreement, with further in-depth details being provided, independent from the allowed amounts according to that license. In the before mentioned period of initially three years Partner will only distribute or sell Products to or in Germany and the EU via HerbaMedica. “By having HerbaMedica distribute our products throughout the EU, we gain access to a significant amount of possible clientele. Currently there are only 7 approved Cannabis importers to Germany, Speakeasy is excited to be a applicant for this opportunity to join this group of selected few.
HerbaMedica plans to give SpeakEasy access to the German and EU market (to the extent that the latter is included in the access to the German market) with applying and paying for their inspection. The inspection will consist of two stages. Initially a specialised Consulting Company regarding the EU GMP (Good Manufacturing Practice) and EU GACP (Good Agricultural Cultivation Practice) will inspect the sites and advise on necessary improvements / changes to receive the EU license. Thereafter the sites will be inspected by the competent German authorities. Theexternal costs for the inspection will be borne by HerbaMedica, internal preparation / improvement costs of SpeakEasy will remain with the SpeakEasy.
“SpeakEasy is a great fit for Herba Medica because of the extensive knowledge Marc and his team bring to the table in all facets of the cannabis industry. Both our companies specialties are very complimentary to each other.” – Stated HerbaMedica CEO David Hohne
About HerbaMedica: HerbaMedica is late stage applicant for importing cannabis into Germany. It was founded in Summer 2017 to become a importer of premium cannabis flower and cannabis based products to Germany and the European Union. Currently there are seven importers which are all importing from the same sources into the German market.