“We are excited to be one of the few businesses working with Canadian producers to bring Canadian medical cannabis products into Germany. Mera not only provides access to a high-quality product but a long-term strategy for growth in the medical market in Germany and across Europe,” David Höhne, Chief Executive Officer of HerbaMedica.

With a population of over 83 million and wide-spread statutory health insurance, Germany is expected to become a European powerhouse for medical cannabis. Mera’s facility in St Thomas, Ontario is designed to adhere to EU-GMP standards, as part of the company’s international development strategy. Mera expects to sell the majority of its outputs from its domestic facilities to growing international medical markets.  

“With partners like HerbaMedica, Mera has the opportunity to capitalise on its experience and insights acquired through domestic operations and utilise that knowledge in the European Union. This agreement marks a significant milestone for both parties and will help bridge the gap between supply and demand in Germany,” says Zubin Jasavala, Chief Executive Officer of Mera. 

The obligations of the parties following the supply agreement are conditional upon, among other things, each of the parties obtaining all necessary licenses and authorisations, including import/export permits and EU-GMP certification, says the press release.

Canadian medical cannabis firm Mera, formerly known as Avana, is expected to set up operations in Malta this year. The company considers the island nation in the Mediterranean to become a key player in its European expansion strategy.

“As part of our larger strategy to enter European medical cannabis markets, our upcoming Maltese facility will act as our cannabis processing and manufacturing hub. We will be importing crude oil into Malta to process into medical products such as tinctures (oils), gel capsules, sublingual strips and topicals (creams),” Emily Ondercin-Bourne, Marketing Manager at Mera Cannabis Corp, told Business Malta earlier.

The post Mera signs supply agreement with German distributor first appeared on The Malta Business Weekly.

“Today, speaking a second language is an undeniable asset, even a necessity in many professions. It is also a very personal way to open up to new cultures and iA Financial Group is very pleased to help young people, who impress with their earnestness, openness and hunger to learn, for the tenth year in a row,” said Denis Ricard, President and Chief Executive Officer of iA Financial Group, upon awarding the scholarships at the company’s head office in Quebec City.

In the current scheme, 22 students received CA$2,000 each for English immersion experiences around the world, including in San Diego, Honolulu and Malta. Two students from Cégep Sainte-Foy each received a CA$4,000 scholarship allowing them to complete a session at Humber College in Toronto. Fourteen students from Cégep Garneau will share CA$28,000 to finance an immersion trip to Summer Campus, in Mexico, to learn Spanish. Additionally, CA$30,000 was shared among 15 students from Cégep Limoilou to finance an English immersion trip to the Global Village Hawaii, in Honolulu.

With these scholarships, the foundation has awarded more than $800,000 since its establishment in 2010, with a total of 365 students from Cégeps de Sainte-Foy, Limoilou and Garneau having received financial support from iA Financial Group.

The post Canadian foundation sends language students to Malta with scholarship first appeared on The Malta Business Weekly.