10:09 AM EST - Medcolcanna Organics Inc. : Announced that it has entered into a distribution agreement with Greenstein Capital Ltd., a private Maltese company. This agreement, which includes the distribution of a minimum quantity of 1,000 kg of active cannabinoid ingredients per year, will see MCCN products commercialized in Europe. The companies have also agreed on immediate financing to MCCN via a share issuance and participation in a debenture offering more particularly described below. MCCN and GC have also committed to continue ongoing discussions towards a corporate transaction in the future. Medcolcanna Organics Inc.
shares V.MCCN are trading unchanged at $0.07.
