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Materia enters agreement with Eurox for cannabis extract distribution 

Materia Deutschland has entered into an agreement with Eurox Pharma for the distribution of its medical cannabis extracts.

A wholly-owned subsidiary of European medical cannabis and CBD wellness products Materia, Materia Deutschland has been selected as a distribution partner for German medical cannabis manufacturer and SEED Innovations Limited portfolio company, Eurox, for its medical cannabis extracts.

Sebastian Blöte, managing director, Germany of Materia Deutschland, said: “We’re proud to partner with a company as innovative as Eurox Pharma in advancing the German market. By pairing their extracts with our distribution expertise, we’re confident this partnership will be a great success for both of us.

“We know many pharmacies are asking for high-quality extracts, so this supports our goal of rapidly broadening our customer base.”

Supplying German patients

In Germany, extracts are currently the fastest growing product in the medical cannabis market, which had been distributed across almost one-fifth of public German pharmacies at the end of 2020.

Dr Bernhard Babel, CEO of Eurox Pharma, said: “All our Eurox-branded medicinal products are produced in a state-of-the-art German facility and adhere to the highest EU and German standards. Eurox provide the highest quality product whilst maintaining uncompromising safety standards to ensure a stable supply and full control of our entire supply chain – from selecting the plant material to manufacturing and distribution. 

“To that end, we most carefully select our partners, and we are therefore very pleased to announce our distribution partnership with Materia.”

Ed McDermott, CEO of SEED, commented: “We are very pleased to see Eurox-branded products, that are all locally produced in Germany, being utilised in a distribution agreement with Materia. 

“Over the coming weeks and months, we expect to see a number of distribution avenues through pharmaceutical distributors and medical cannabis distributors for the ‘made in Germany’ Eurox-brand whilst they continue to grow their range of products. SEED Innovations looks forward to sharing further developments from Eurox.”

“This is a strategic step forward in our preparation for the market’s increasing adoption of medical cannabis in the form of extracts. Our sales team is already trained and equipped to win new pharmacy customers with the addition of this new format,” added Nick Pateras, managing director, Europe at Materia.

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