sur CannaPharmaRx (NASDAQ:CPMD)
CannaPharmaRx Expands into European Market with German Shipment
CannaPharmaRx, based in Calgary, has made strides in cannabis cultivation, with significant developments in international shipments. The company has completed four successful shipments to Israel and its first to Germany. The recent German delivery amounted to 227.5 Kg with an average price of 1.94 CAD per gram, highlighting substantial demand for their proprietary cannabis strains.
Looking forward, CannaPharmaRx plans another shipment to Germany in June, estimating 241 Kg, with variable pricing based on THC content. This strategic move aims to strengthen its position as an international cannabis hub, offering entry to markets like Germany for other Canadian growers.
On the cultivation front, CannaPharmaRx is managing five of ten grow rooms, with plans to expand, expecting a yield of 60-80 Kg per room monthly. This expansion is expected to boost sales beyond CAD$300,000 monthly.
R. P.
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