Aphria and Rapid Dose Therapeutics to Introduce Innovative Quickstrip™ Oral Thin Strips to German Cannabis Market
December 18, 2018
Leamington, Ontario – December 18, 2018 – Aphria Inc. (“Aphria” or the “Company”) (TSX: APHA and NYSE: APHA) and Rapid Dose Therapeutics Inc. (“RDT”) (CSE: DOSE) announced today that they have expanded the scope of their previously announced agreement (the “Agreement”) expanding the territory where Aphria has been granted exclusive preferred rights to license, manufacture, distribute and sell RDT’s QuickStrip™ innovative, proprietary delivery technology for the cannabis market to Germany.
“Germany is one of the most sought-after cannabis markets today, and Aphria continues to take a comprehensive approach to ensure a leading presence in the country as the opportunity evolves,” said Jakob Ripshtein, President of Aphria. “Aphria is committed to bringing advanced products and innovations to cannabis markets around the world, and this agreement with RDT will enable us to bring QuickStrip™ technology to the German market and offer a unique nutraceutical product that delivers a consistent dosage.”
RDT’s proprietary QuickStrip™ technology is a Quick, Convenient, Precise, Discreet™ oral fast-dissolving drug delivery system that offers a smoke-free choice to consumers. Aphria expects to produce and distribute CBD-only Quickstrips™ in Germany by Spring 2019.
“We are focused and committed to providing consumers in the European cannabis markets a smoke-free delivery choice.” said Mark Upsdell, CEO of RDT. “RDT will continue to build our strategic global partnerships. This agreement with Aphria strengthens the QuickStrip™ position as an international brand and delivery device to European consumers— while delivering health and improving outcomes.”
As part of the Agreement, Aphria maintains the option to add future international markets as the opportunity in those markets evolve.
We Have A Good Thing Growing
Aphria is a leading global cannabis company driven by an unrelenting commitment to our people, product quality and innovation. Headquartered in Leamington, Ontario – the greenhouse capital of Canada – Aphria has been setting the standard for the low-cost production of safe, clean and pure pharmaceutical-grade cannabis at scale, grown in the most natural conditions possible. Focusing on untapped opportunities and backed by the latest technologies, Aphria is committed to bringing breakthrough innovation to the global cannabis market. The Company’s portfolio of brands is grounded in expertly-researched consumer insights designed to meet the needs of every consumer segment. Rooted in our founders’ multi-generational expertise in commercial agriculture, Aphria drives sustainable long-term shareholder value through a diversified approach to innovation, strategic partnerships and global expansion, with a presence in more than 10 countries across 5 continents.
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