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Aphria and Rapid Dose Therapeutics team up to take on the German cannabis market

The companies are expanding on a previous agreement granting Aphria the rights to distribute RDT’s QuickStrip delivery technology
German flag on top of cannabis leaf
RDT’s technology delivers cannabis via oral fast-dissolving strips

Aprhia Inc (CVE:APHA) (NYSE:APHA) is building on its previous agreement with Rapid Dose Therapeutics Inc (CSE:DOSE) to bring RDT’s QuickStrip delivery technology to the German cannabis market.

"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, in the company’s press release.

Shares of Aphria jumped more than 4% to US$5.65 in Tuesday pre-market trading while Rapid Dose Therapeutics shares have not yet begun trading.

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The companies inked an agreement in November, granting Aphria exclusive global preferred rights to license, manufacture, distribute and sell the technology.

RDT’s QuickStrip technology delivers cannabis via oral fast-dissolving strips, offering a smoke-free alternative to cannabis consumers.

Aphria expects to produce and distribute CBD-only Quickstrips to the German market by spring 2019.

As per the agreement, Aphria has the option to tack on future international markets.


Contact Lenore Fedow at [email protected]

Follow her on Twitter@LenoreMariee

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