Shoppers Drug Mart, Aurora Cannabis sign medical marijuana supplier agreement

By zaymalz malz

Leading Canadian drug retailer Shoppers Drug Mart has entered into an agreement with Aurora Cannabis for the licensed producer to become one of its medical cannabis suppliers.

The agreement will be subject to approval from regulator Health Canada, dependent on whether Shoppers Drug Mart is named as licensed wholesaler of medical cannabis.

See also:

If approved, Aurora's products will likely be sold on Shoppers Drug Mart's online platform, with current laws prohibiting the sale of medical marijuana in pharmacy locations.

The agreement is another boost to Aurora's existing portfolio, coming shortly after the firm's acquisition of Cannimed last month, setting it up to become the world's largest cannabis company.

"The Shoppers and Aurora brands are trusted to deliver high quality products and excellent customer service," said Terry Booth, CEO. "Partnering with Shoppers Drug Mart, Canada's largest pharmacy retailer, is yet another validation of the scale and maturity of our company, and of the demand for Aurora's medical cannabis."

"This strategic relationship with Shoppers will further expand our market presence and profile as one of the world's leading medical cannabis brands."

Share

Featured Articles

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

During this unprecedented era of rapid digital transformation, establishing a well-functioning ecosystem stands to benefit both employees and customers

Mastercard: Supporting clients at a time of rapid evolution

Mastercard has announced a significant expansion of its consulting business with the launch of new practices dedicated to both AI and economics

Why Ceridian has boldly rebranded to Dayforce

Human Capital

McKinsey’s eight lessons in leadership for aspiring CEOs

Leadership & Strategy

KPMG: The biggest challenges facing global CEOs in 2023

Leadership & Strategy