CHICAGO, IL March 21, 2018 - COSMOS HOLDINGS INC. (COSM) (“Company”) is pleased to announce that it has signed a definitive agreement with Marathon Global Inc. to source and procure medical cannabis products and their derivatives for clients of Cosmos in approved Countries in Cosmos’ distribution network of approximately 35,000 pharmacies across Europe.
“Marathon Global is superbly positioned within the global Cannabis industry and views the underserviced European market as a tremendous opportunity,” says Gavin Treanor, Marathon Global CEO. “We intend to provide a significant distribution channel to Canadian Licensed Producers while ensuring that only premium product is provided to Cosmos customers,” states Gavin Treanor.
“We are pleased to be Marathon’s exclusive partner and look forward to fulfilling the demand in the European medical cannabis space now and in the future, “states Grigorios Siokas, Cosmos CEO.
The completion of the transaction is subject to and conditional upon the terms of the definitive agreement being met.
ABOUT MARATHON GLOBAL INC
MARATHON GLOBAL INC. is a Canadian Private Company specializing in the offtake and supply of Cannabis and Cannabis Extracts globally from Licensed Producers (LP’s) and manufacturers to fulfill demand throughout Europe.
SAFE HARBOR STATEMENT
This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Cosmos Holdings, Inc. has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Cosmos’ current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Cosmos' actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Cosmos Holdings, Inc. undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.