Thoughtful Brands Inc., a global natural health products and eCommerce technology company, announced the formation of its joint venture with Franchise Cannabis Corp. (Franchise) to sell and market Franchise-manufactured CBD, hemp, and cosmetic products in the European Union, Switzerland, Norway, and the United Kingdom. According to shareholders the parties’ will share equal ownership in the joint venture. Franchise plans to manage procurement and fulfillment of customer orders from its European manufacturing facilities. While Thoughtful Brands plan to provide marketing and eCommerce operations infrastructure in the JV Territory. The franchise is a leading European-focused cannabis and pharmaceutical distribution company based in Germany with two Good Distribution Practices (GDP) certified distribution facilities, exporting to over 18 countries and currently serving a network of over 1,500 pharmacies within Germany for medical cannabis sales.
Sean Hocking, Cannabis Law Report, 09/09/2020 00:05:33