ECS Botanics has obtained an exclusive licence from California-based breeding company Terphogz, granting it the rights to manufacture and distribute the Terphogz medicinal cannabis range across Germany, Australia and New Zealand.
The eight-year agreement will see the range enter Germany through a business-to-business model, while Australia will be served via a new direct-to-consumer channel. How the product will be sold in New Zealand is yet to be decided.
Terphogz holds a genetic library recognised for producing some of the most coveted strains in the cannabis industry, among them the award-winning 'The Original Z'.
In an ASX announcement, ECS said the agreement combines its cultivation capabilities, licensed GMP facilities and international reach with Terphogz's genetics, product portfolio and brand recognition, "to provide patients access to genetics and products previously limited to Californian medical and recreational markets".
Managing director Nan-Maree Schoerie added: "We are delighted to partner with Terphogz to bring The Original Z and other unique Terphogz products to a global market.
"The recent regulatory change in Germany provides a great opportunity to introduce the Terphogz GMP-certified products to patients, providing them access to one of the world's most iconic cannabis brands, with the assurance that it is produced under stringent quality standards.
"This partnership enables ECS to provide German, Australian and New Zealand patients access to high-quality medicinal cannabis with the unique Z terpene profiles and associated therapeutic benefits."
Terphogz managing director Jon Orantes added: "We are so thrilled to have organically found a partner in ECS, who also cultivate organically to the highest standards, with living soil, just as our patients and followers have come to expect from us stateside.
"Most importantly, we really like the team at ECS, some of whom we have known for many years, making this a great opportunity for us, as well as patients in emerging markets worldwide, to taste the strains."
