Little Green Pharma Ltd. announced that it has entered a three-year exclusive distribution agreement with AMP Medical Products GmbH for the distribution of LGP cannabis oils in Germany. Under the Agreement, AMP agrees to exclusively distribute and market LGP cannabis oil medicines and not promote any other oil products in Germany. In return, the Company will supply AMP with its 10:10 LGP Classic and 20:5 LGP Classic cannabis oils on an exclusive basis, as well as its 1:20 LGP Classic, 1:100 LGP Classic and CBD 50 LGP Classic oils on a non-exclusive basis.

The Agreement is conditional upon AMP completing a supplier qualification into LGP, which LGP estimates will complete during Second Quarter (CY2022). Under the Agreement, AMP must purchase Minimum Annual Quantities (MAQ) of at least 2,000 x 50ml units in the first year, 5,000 units in the second year and 10,000 units in the third year, provided that if LGP distributes LGP branded oils on its own account the quantities in the second and third years are reduced by 50%. AMP must ensure that at least 10% of the Minimum Annual Quantities purchased are non-exclusive oil products.

Under the Agreement LGP may also continue to sell white label oils through other distributors but will only sell the exclusive oil products through AMP in Germany.