MGC Pharma signs Chinese distribution deal

ASX-listed MGC Pharmaceuticals has taken another stride in commercialising its line of cannabis-based nutraceuticals by signing a distribution deal with major Chinese e-commerce import platform YuShop Global.

Perth-based MGC Pharma said on Tuesday the marketing and distribution deal would see its Cannabidiol, or “CBD”, and hemp-enhanced products sold on YuShop’s online platform and via its network of 1,500 retail channel partners in China, including a luxury spa chain.

The deal means MGC Pharma’s nutraceutical product line, including its CBD Hemp Protein Powder, BCAA CBD capsules, CBD Water Soluble Solution and CBD Herbal V-Pen marketed to millions of Chinese consumers in the rapidly growing health product market.

For MGC Pharma, the deal is a launchpad to access an increasingly health-conscious market, with over 350 million middle-class Chinese vitamin and supplements consumers who are expected to purchase over USD$20b worth of vitamins and supplements in 2020.

An added plus of the

... read more at: https://thewest.com.au/business/public-companies/mgc-pharma-signs-chinese-distribution-deal-c-65497

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