Marijuana stocks Cronos Group (NASDAQ: CRON) and MediPharm Labs (OTC: MEDIF) are extending their cooperation with a new supply deal, according to a press release published Thursday. Under the terms of the multiyear contract manufacturing agreement, MediPharm -- a specialist in cannabis extraction -- will fill and package vaporizers for Cronos' COVE line of cannabis products.
Neither the terms nor the financial details of the arrangement were provided.
This is not the first time the two companies have cooperated. In May, they signed contracts in which MediPharm agreed to supply bulk resin and cannabis concentrate to Cronos.