Connect with us

Cannabis

VIVO Cannabis™ Reports Q2 2019 Financial and Operating Results

Published

on

Reading Time: 9 minutes

 

VIVO Cannabis Inc. (TSX-V: VIVOOTCQX: VVCIF) (“VIVO” or the “Company“), today released its second quarter 2019 financial and operating results.

“The progress our team has made on all four of our strategic priorities positions us well for future growth,” said Barry Fishman, Chief Executive Officer of VIVO. “We remain focused on increasing long-term shareholder value by continuing to establish ourselves as a premium provider of cannabis products and services. Our positive momentum is expected to lead to increased revenue generation and product breadth in the second half of the year.”

VIVO’s net revenue increased slightly to $5.3 million during the second quarter of 2019 compared to the first quarter of 2019 as product supply remained essentially flat. The harvesting and packaging of the Company’s increase licensed capacity is expected to result in growth in net revenue in the second half of 2019. The Company also continued to sustain top-tier prices with a net average selling price of $6.96 per kilogram of dry flower in the second quarter.

Adjusted EBITDA was ($1.2) million in the second quarter compared to ($2.2) million in the first quarter. As at June 30, 2019, cash and short-term investments (excluding strategic equity investments) were approximately $59 million.

Advertisement

Key Financial Results

Three Months Ended

Three Months Ended

($ millions)

 June 30, 2019

Advertisement

March 31, 2019

Net Revenue

5.3

5.1

Adjusted EBITDA(1)

Advertisement

(1.2)

(2.2)

(1)

Adjusted EBITDA is not a measure of financial performance under IFRS. The definition of Adjusted EBITDA, which excludes unrealized gains and losses related to strategic investments, can be found in the Company’s management’s discussion and analysis for the three and six months ended June 30, 2019, available under the Company’s profile at www.sedar.com

Additional details with respect to VIVO’s financial results are available in the Company’s management’s discussion and analysis and interim financial statements for the period ended June 30, 2019, both of which can be found on SEDAR at www.sedar.com.

Advertisement

Strategic Priorities

VIVO made significant progress on all four of its strategic priorities during the second quarter of 2019. The Company believes that the attainment of its strategic goals will help grow long-term shareholder value by establishing VIVO as a premium provider of cannabis products and services that enhance people’s lives.

The strategic priorities are as follows:

1. Enhance supply and production capabilities

In the first quarter of 2019, VIVO doubled its annual cultivation capacity at both the Canna Farms facility and the Vanluven facility from a total of 4,000 kilograms to 8,000 kilograms. VIVO currently has agreements to purchase approximately 5,000 kilograms per annum of domestic and international third-party supply for the Canadian and international markets.

Advertisement

Subsequent to the end of the second quarter of 2019, VIVO was granted a standard cultivation licence from Health Canada for its Kimmetts facility in Napanee, Ontario – a hybrid outdoor cultivation site consisting of four seasonal greenhouses and an associated header house that increases the Company’s annualized internal cultivation capacity to 12,000 kilograms. Also, in the third quarter of 2019, VIVO received approval from Health Canada to commence extraction operations at its Vanluven facility using its in-house supercritical CO2 extraction suite. The Company recently began the installation of a large-scale ethanol extraction system at its Vanluven facility and expects new distillation systems to be installed in the third quarter of 2019. Once these systems are fully operational, the Vanluven facility is expected to be capable of processing more than 50,000 kilograms of cannabis per year.  VIVO has also invested in automated packaging and labelling equipment, expected to significantly increase finished good throughput and lower manufacturing costs.

The Company has also commenced construction of Phase 5 of its Canna Farms facility.  This expansion is expected to cost approximately $3.5 million and bring online an additional 2,500 kilograms of capacity when completed in early 2020, bringing total internal and third-party cultivation capacity to approximately 20,000 kilograms.

2. Create a broad and loyal distribution network

VIVO will continue to serve both the medical and adult-use markets through its collection of premium, trusted brands, including Beacon Medical™, Fireside™, Canna Farms™, Lumina™ and Harvest Medicine. In April 2019, Canna Farms received the strong support of its patients, winning the People’s Choice Award for “Best LP Customer Service” at the O’Cannabiz Industry Gala.

VIVO has continued to build upon the Canna Farms medical cannabis platform launched in the first quarter of 2019 (https://www.cannafarms.ca) where patients can access one of the widest selections of cannabis products in the Canadian medical market. Additionally, licensed producers can sell their quality products through this marketplace and make a fair return while avoiding the complex processes necessary for medical cannabis fulfillment to patients. The platform, which has increased patient registrations by over 10% in the past three months, now has 19,000 registered patients and provides access to products cultivated by four different licensed producers.

Through its brick and mortar clinics and HMED Connect telemedicine application, Harvest Medicine has conducted over 50,000 patient visits, making it one of the top clinic networks in Canada. Harvest Medicine operates five medical cannabis clinics in the provinces of AlbertaNew BrunswickNova Scotia and Ontario, and continues to evaluate new clinic locations. Harvest Medicine’s business continues to expand, focusing on providing cannabis-focused education to patients along with other complementary health services and support.

Advertisement

In the adult use market, VIVO has entered into strategic partnership agreements with leading Canadian cannabis retailers, National Access Cannabis Corp., Choom Holdings Inc., and Westleaf Cannabis Inc. In the second quarter of 2019, VIVO entered into a strategic partnership with Friendly Stranger Holdings Corp., a well-known player in the cannabis accessory and lifestyle market.  VIVO currently has adult-use supply agreements with the provinces of British ColumbiaAlbertaSaskatchewanManitobaOntario and the Yukon, and anticipates having secured agreements with most or all provinces by the end of 2019.

3. Build an innovation-driven culture and portfolio

Subsequent to the end of the second quarter of 2019, VIVO was granted a cultivation licence from Health Canada for its Kimmetts facility in Napanee, Ontario. VIVO is the only Canadian licensed producer employing this innovative airhouse technology which is currently used in several US states to produce high-quality cannabis at low cost without the capital investment required to build traditional greenhouses or indoor grows. The remaining 55 acres at the Kimmetts property have the potential to accommodate significant additional cultivation capacity.

Also subsequent to quarter-end, VIVO’s Vanluven facility received approval from Health Canada to commence extraction operations using its supercritical CO2 extraction suite. This suite, in conjunction with the ethanol extraction and distillation processes the Company is implementing, will be used to produce high quality oils, distillates, concentrates and more advanced formulations for VIVO’s current and anticipated portfolio of medical products, as well as edibles, beverages and topicals for the recreational market in late 2019 at a fraction of the cost of using third-party contract extraction services.

VIVO’s GMP-designed Vanluven facility is conducting ongoing research related to the development of optimized indoor, seasonal greenhouse and outdoor grown cannabis cultivars in conjunction with the University of Guelph. The “Guelph R&D room” in the Vanluven facility is on the cutting-edge of technology using six PS1000 growth chambers where experiments are ongoing to improve cultivation yields and growing techniques.

Advertisement

The Vanluven facility, through its multi-year collaboration with Loyalist College, is evolving into a centre of excellence for the extraction and distillation of cannabis oils, and formulation expertise in the development of cannabis infused edibles, topicals and beverages.

The Company has definitive agreements with four Canadian and U.S. based product development partners with expertise in the respective field of endeavor towards the goal of creating novel formulations and delivery formats. Of these partners, the Company has only currently disclosed its collaboration with Pharmascience, a global pharmaceutical company based in Montreal, Quebec. Overall, the Company’s goal is to offer medical patients and health care professionals a broad range of innovative, high-quality forms of cannabis.

VIVO, through its Australian subsidiary and a leading pain clinic in Melbourne, Australia, is conducting a study looking at the use of cannabis for treating chronic pain.

4. Accelerate international market growth

VIVO continues to focus on targeted international expansion activities and intends to focus on select markets in which medical cannabis can be legally prescribed, leveraging the strong pharmaceutical background of its leadership team, its experience operating Harvest Medicine clinics, and its work with patients who have benefited from medical cannabis, to increase its footprint and become a leader in the global medical cannabis sector.

Advertisement

The Company entered into a definitive supply agreement with a European cultivation partner in early 2019 and currently has bulk product produced from VIVO’s genetics that will be available for sale in Europe, pending EU-GMP and regulatory approval. Using the supercritical CO2 extraction technology in Napanee, the Company expects to be able to ship extracted cannabis products internationally for medical purposes, subject to the receipt of EU-GMP certification and other approvals.

VIVO’s German subsidiary, ABcann Germany GmbH, has successfully undergone an inspection by regional health authorities and was awarded authorization to import medical cannabis from non-EU countries into Germany. This authorization comes on top of ABcann Germany’s wholesale pharmaceutical license, which was received in the first quarter of 2019.  ABcann Germany has filed an application to receive a narcotics license from the Federal Institute for Drugs and Medical Devices. When its suppliers receive EU-GMP certification, ABcann Germany will be fully approved to commercialize and sell its medical cannabis products.

VIVO expects its international business to begin operating under the “Beacon Medical™” brand in late 2019. The Company is exploring additional opportunities in select European markets where medical cannabis has been legalized, including in the UK and Poland.

VIVO’s Australian business continues to grow. The Company has shipped product to Australia from both its Canna Farms and Vanluven facilities in 2019. In the second quarter of 2019, VIVO entered into a distribution agreement with Burleigh Heads Cannabis Pty Ltd, one of Australia’s leading medicinal cannabis distributors. The agreement is expected to increase the ability of Australian patients to access VIVO’s high-quality medicinal cannabis flower, oil and other products via approved channels.

Near-term Catalysts

VIVO has identified the following positive investment catalysts that it is on track to achieve in the near- term:

Advertisement
  • EU-GMP certification – VIVO’s Vanluven facility is nearing EU-GMP certification, which is the global gold standard in the pharmaceutical industry and speaks to VIVO’s commitment to a quality-first culture for its facilities and products. A quality and compliance focus is part of VIVO’s DNA.

  • Domestic product line expansion –The expansion of Canada’s cannabis market to include edibles, beverages, concentrates and topicals, targeted for December 2019, represents a significant opportunity for all market participants. VIVO has entered into a partnership with a former Belgian chocolatier who is currently operating an award-winning company called ChocolaTas to produce premium cannabis chocolates at the Canna Farms facility in Hope B.C. The Company expects to have product available for sale as soon as practicable following the opening of the edibles market. The Company has new product lines that it intends to make available for this market and has submitted a targeted but significant portfolio of ‘Phase II’ innovative products to various provinces in June in response to product calls.

  • Increased extraction capability – VIVO now has 12,000 kilograms of internal dry flower cultivation capacity and annualized commitments of approximately 5,000 kilograms from third parties. The Company expects to increase its extraction capacity to approximately 50,000 kilograms of dry flower input during 2020.

  • Seasonal greenhouse harvest – After the granting of a standard cultivation licence from Health Canada for its Kimmetts facility and completion of current planting, VIVO expects to realize its first harvest from its seasonal greenhouses in the fourth quarter of 2019.

  • Approval to sell in Germany – VIVO received its pharmaceutical wholesale licence and EU-GMP-certificate from the regulatory authorities of the state of Brandenburg, Germany. The Company expects its narcotic and import license approvals in early 2020, which will facilitate imports of higher-margin products to the European medical market from other countries, including Canada.

Adoption of Minimum Share Ownership Policy and Automatic Share Disposition Plan

The Company is pleased to announce that it is adopting a Minimum Share Ownership Policy (the “Policy“). The goal of the Policy is to align the economic interests of the Company’s senior officers and directors with those of the Company’s shareholders. Under the terms of the Policy, directors and senior officers will be required to hold shares having a value equal to a multiple of their annual cash retainers.  The required ownership levels are required to be attained by each participant within five years of becoming subject to the Policy.

In addition, Daniel Laflamme, a director and senior officer of the Company, and one of its largest shareholders, has entered into an automatic securities disposition plan (the “Plan“), filed on SEDAR. The Company understands that a sizeable amount of Mr. Laflamme’s personal net worth is represented by his shares in the Company and appreciates his desire to liquidate a small portion of his equity position while minimizing any potential negative impact in the Company’s share price.

“Through my role as a director, Chief Operations Officer and significant shareholder, and a pioneer of the legal cannabis industry, I am extremely committed to, and involved in, every aspect of VIVO’s business and success,” said Mr. Laflamme. “After seeing how large investors can affect a company’s share price, I believe the Plan will allow me to liquidate a small portion of my investment to support my personal life, while still allowing me to focus on building VIVO’s business and avoiding large dispositions in the brief windows where I would otherwise be permitted to trade.”

Canadian securities laws and the Company’s Insider Trading Policy place significant restrictions on when insiders of the Company can buy and sell shares. The Plan will permit Mr. Laflamme to have shares sold on his behalf by an independent securities broker on an automatic basis, regardless of any material undisclosed information he might receive in the future.

Under the Plan, up to 100,000 shares per week (up to 5.2 million total over the 12-month term of the Plan), can be sold, representing less than 2% of the Company’s currently issued and outstanding shares. Sales will only be executed if the amount to be sold represents less than 30% of the previous day trading volume.

Advertisement

Mr. Laflamme will not exercise any discretion or influence over how sales of the Shares governed by the disposition plan will occur. Mr. Laflamme will still be permitted to purchase or dispose of Shares outside of the Plan, subject to compliance with the Company’s Insider Trading Policy and applicable securities laws. The Plan will become effective on September 1, 2019.

The Company intends to apply to applicable securities regulators for an exemption from insider trading disclosure requirements with respect to sales under the Plan. Unless and until such an exemption is obtained, transactions under the Plan will be reported on SEDI at www.sedi.ca in accordance with applicable Canadian securities laws. Each such filing will bear a notation to advise readers that the dispositions relate to the Plan.

Q2 2019 Results Conference Call and Webcast

DATE:

Thursday, August 29, 2019

Advertisement

TIME:

10:00 am ET

DIAL-IN NUMBER:

647-427-7450 or 1-888-231-8191

CONFERENCE ID:

Advertisement

4479716

LIVE WEBCAST:

https://bit.ly/31k4aGU

 

SOURCE VIVO Cannabis Inc.

Advertisement

Cannabis

IM Cannabis Announces Appointment of Shmulik Arbel to Board of Directors

Published

on

im-cannabis-announces-appointment-of-shmulik-arbel-to-board-of-directors

TORONTO and GLIL YAM, Israel, Sept. 11, 2024 /PRNewswire/ —  IM Cannabis Corp. (“IMC” or the “Company“) (NASDAQ: IMCC) (CSE: IMCC), a leading medical cannabis company with operations in Israel and Germany, is pleased to announce that Mr. Shmulik Arbel has been appointed to the Company’s board of directors (the “Board“) effective September 9, 2024. Mr. Arbel brings a wealth of experience in strategic plans that drive profitability, as well as, finance and corporate governance, further strengthening the company’s commitment to driving growth while focusing on sustainable profitability.

“We are thrilled to welcome Shmulik to our Board of Directors,” said Oren Shuster, Chief Executive Officer of IM Cannabis. “Shmulik’s extensive international experience at Leumi, coupled with his proven track record in banking and finance will be invaluable as we continue to deliver on our strategic initiatives.”

Mr. Arbel retired as Deputy CEO from Leumi, Israel’s largest banking group, in April 2023, where he was instrumental in business growth and leading the service revolution. With over 25 years of experience at Leumi, Arbel has held senior roles throughout the organization, such as head of retail banking, head of the corporate division, and as chairman of Leumi UK. With key roles in Israel, New York and London, Mr. Arbel has a wide view on international business. 

“I am honored to join the Board of Directors at IMCC,” said Mr. Arbel. “I look forward to leveraging my experience in banking and finance, providing guidance as IMCC continues to establish itself as the go-to brand in the cannabis world. I look forward to contributing to the company’s growth.”

Arbel holds a BA and MBA from Tel Aviv University.

Advertisement

About IM Cannabis Corp.

IMC (Nasdaq: IMCC) (CSE: IMCC) is an international cannabis company that provides premium cannabis products to medical patients in Israel and Germany, two of the largest medical cannabis markets. The Company has focused its resources to achieve sustainable and profitable growth in its highest value markets, Israel and Germany. The Company leverages a transnational ecosystem powered by a unique data-driven approach and a globally sourced product supply chain. With an unwavering commitment to responsible growth and compliance with the strictest regulatory environments, the Company strives to amplify its commercial and brand power to become a global high-quality cannabis player.

The IMC ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging years of proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel that enable the safe delivery and quality control of IMC products throughout the entire value chain. In Germany, the IMC ecosystem operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients.

Disclaimer for Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements under applicable Canadian and United States securities laws (collectively, “forward-looking statements“). All information that addresses activities or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the press release, such forward-looking statements include, but are not limited to, statements relating to: the stated benefits Mr. Arbel’s appointment, including the further strengthening the Company’s commitment to driving growth in the German market while focusing on sustainable profitability; and Mr. Arbel’s international experience and track record in banking and finance will be invaluable to the Company.

Advertisement

Forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to: the Company’s ability to realize upon the stated benefits Mr. Arbel’s appointment; and Mr. Arbel’s international experience and track record in banking and finance becoming invaluable to the Company.

The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward-looking statements due to a number of factors and risks. These include: the failure of the Company to comply with applicable regulatory requirements in a highly regulated industry; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates; the Company’s ability to continue to meet the listing requirements of the Canadian Securities Exchange and the NASDAQ Capital Market; any unexpected failure to maintain in good standing or renew its licenses; the ability of the Company and its subsidiaries (collectively, the “Group“) to deliver on their sales commitments or growth objectives; the reliance of the Group on third-party supply agreements to provide sufficient quantities of medical cannabis to fulfil the Group’s obligations; the Group’s possible exposure to liability, the perceived level of risk related thereto, and the anticipated results of any litigation or other similar disputes or legal proceedings involving the Group; the impact of increasing competition; any lack of merger and acquisition opportunities; adverse market conditions; the inherent uncertainty of production quantities, qualities and cost estimates and the potential for unexpected costs and expenses; risks of product liability and other safety-related liability from the usage of the Group’s cannabis products; supply chain constraints; reliance on key personnel; the risk of defaulting on existing debt; risks surrounding war, conflict and civil unrest in Eastern Europe and the Middle East, including the impact of the Israel-Hamas war on the Company, its operations and the medical cannabis industry in Israel; risks associated with the Company focusing on the Israel and Germany markets; the inability of the Company to achieve sustainable profitability and/or increase shareholder value; the inability of the Company to actively manage costs and/or improve margins; the inability of the company to grow and/or maintain sales; the inability of the Company to meet its goals and/or strategic plans; the inability of the Company to reduce costs and/or maintain revenues; the Company’s inability to take advantage of the legalization of medicinal cannabis in Germany; and the Company’s inability to realize upon the stated benefits Mr. Arbel’s appointment; and Mr. Arbel’s international experience and track record in banking and finance not becoming valuable to the Company.

Please see the other risks, uncertainties and factors set out under the heading “Risk Factors” in the Company’s annual report dated March 28, 2024, which is available on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and Edgar at www.sec.gov/edgar. Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward looking information is made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Company Contact:

Anna Taranko, Director Investor & Public Relations
IM Cannabis Corp.
+49 157 80554338
[email protected]

Advertisement

Oren Shuster, CEO
IM Cannabis Corp.
[email protected]

Logo: https://mma.prnewswire.com/media/1742228/IM_Cannabis_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/im-cannabis-announces-appointment-of-shmulik-arbel-to-board-of-directors-302244961.html

Continue Reading

Cannabis

One World Products Issues Shareholder Update Letter

Published

on

Continue Reading

Cannabis

Europe Medical Cannabis Market Forecast 2024-2032: Tilray, Aurora Cannabis, and GW Pharmaceuticals Dominate the Market Landscape

Published

on

Dublin, Aug. 29, 2024 (GLOBE NEWSWIRE) — The “Europe Medical Cannabis Oil Market Size, Industry Dynamics, Opportunity Analysis and Forecast 2024-2032.” report has been added to ResearchAndMarkets.com’s offering.

The Europe Medical Cannabis Oil market is poised for significant growth, projected to escalate from US$ 0.91 billion in 2023 to US$ 2.40 billion by 2032, advancing at a CAGR of 12.08%. In this comprehensive research report, the market is analyzed by:

  • Derivatives;
  • Source;
  • Application;
  • Route of Administration;
  • End-user;
  • Distribution Channel; and
  • Country.

Market Highlights Identified in the Report

  • Progressive legalization across Europe is creating a favorable regulatory environment, enhancing market expansion for medical cannabis oil products.
  • Germany leads the market with a robust infrastructure and supportive regulations, while other countries like the UK, Italy, and Spain show significant growth potential based on evolving regulatory landscapes and market dynamics.
  • Key players such as Tilray, Aurora Cannabis Inc., and GW Pharmaceuticals dominate the market, emphasizing research, strategic partnerships, and innovation to maintain competitive edge amidst evolving industry dynamics.

The medical cannabis oil market has experienced substantial growth as legalization and acceptance of cannabis-based treatments expand globally. Cannabis oil, derived from the cannabis plant through extraction methods, contains cannabinoids such as THC and CBD, known for their therapeutic properties. Increasing recognition of cannabis oil’s potential in alleviating symptoms of various medical conditions, including chronic pain, epilepsy, and anxiety disorders, has driven its adoption in medical settings.

Governments in several countries are progressively legalizing medical cannabis, creating a conducive regulatory environment for market expansion. Additionally, growing consumer awareness about alternative and natural therapies has fueled the demand for cannabis oil products. The market is characterized by diverse product offerings, including full-spectrum and CBD-isolate oils, catering to different therapeutic needs and preferences.

Despite regulatory challenges and stigma associated with cannabis, the medical cannabis oil market continues to evolve, driven by ongoing research, favorable legislative changes, and shifting attitudes toward cannabis-based therapies in healthcare.

Regional Insights

Advertisement

Germany is likely to maintain its leadership position in the European medical cannabis oil market due to its established infrastructure, supportive regulations, and strong healthcare system. Germany legalized medical cannabis in 2017, giving the market a head start compared to many other European countries. This established infrastructure and experience position Germany as a leader in the field. As awareness and acceptance of medical cannabis increase, the number of patients seeking treatment in Germany is steadily rising. This fuels market growth and incentivizes further investment in research and development.

Germany’s regulatory framework for medical cannabis is considered relatively patient-friendly compared to some other European countries. This facilitates access for patients with qualifying conditions. The UK legalized medical cannabis in 2018 and is experiencing an increase in patient access programs. This, coupled with ongoing research, could lead to significant market growth. Italy legalized medical cannabis in 2006 but has faced challenges with availability. As regulations become more streamlined and patient access expands, the Italian market holds significant growth potential. Spain has a well-established medical cannabis industry with a focus on domestic production. As regulations evolve and export opportunities increase, the Spanish market could see a boost.

Competitive Landscape

The Medical Cannabis Oil market is characterized by a vigorous competitive landscape, with prominent entities like Tilray, Aurora Cannabis Inc., GW Pharmaceuticals, Almiral, Bedrocan, and others at the forefront, collectively accounting for approximately 41 % of the overall market share. This competitive milieu is fueled by their intensive efforts in research and development as well as strategic partnerships and collaborations, underscoring their commitment to solidifying market presence and diversifying their offerings.

The primary competitive factors include pricing, product caliber, and technological innovation. As the Medical Cannabis Oil industry continues to expand, the competitive fervor among these key players is anticipated to intensify. The impetus for ongoing innovation and alignment with evolving customer preferences and stringent regulations is high. The industry’s fluidity anticipates an uptick in novel innovations and strategic growth tactics from these leading corporations, which in turn propels the sector’s comprehensive growth and transformation.

Advertisement

Key Topics Covered

Chapter 1. Research Framework
Chapter 2. Research Methodology
Chapter 3. Executive Summary: Europe Medical Cannabis Oil Market
Chapter 4. Europe Medical Cannabis Oil Market Overview
Chapter 5. Europe Medical Cannabis Oil Market Analysis, by Derivatives
Chapter 6. Europe Medical Cannabis Oil Market Analysis, by Source
Chapter 7. Europe Medical Cannabis Oil Market Analysis, by Application
Chapter 8. Europe Medical Cannabis Oil Market Analysis, by Route of Administration
Chapter 9. Europe Medical Cannabis Oil Market Analysis, by End-user
Chapter 10. Europe Medical Cannabis Oil Market Analysis, by Distribution Channel
Chapter 11. Europe Medical Cannabis Oil Market Analysis, by Country
Chapter 12. The UK Medical Cannabis Oil Market Analysis
Chapter 13. Germany Medical Cannabis Oil Market Analysis
Chapter 14. The Netherlands Medical Cannabis Oil Market Analysis
Chapter 15. Italy Medical Cannabis Oil Market Analysis
Chapter 16. Spain Medical Cannabis Oil Market Analysis
Chapter 17. Poland Medical Cannabis Oil Market Analysis
Chapter 18. Rest of Europe Medical Cannabis Oil Market Analysis
Chapter 19. Company Profiles (Company Overview, Financial Matrix, Key Product Landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aurora Cannabis Inc.
  • Bedrocan
  • Biocann
  • BIOTA Biosciences LLC
  • Cannamedical
  • Mary Jane CBD
  • Sanity Group GmbH
  • Tilray
  • Valcon Medical

For more information about this report visit https://www.researchandmarkets.com/r/dh7q46

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


Advertisement
Continue Reading

Trending on Grassnews

GrassNews.net: Your premier portal for the latest developments in the cannabis industry. We provide timely news, insightful analysis, and in-depth features on everything from legislation changes and business trends, to scientific research and lifestyle topics. Stay informed and navigate the rapidly evolving cannabis landscape with GrassNews.net..

Contact us: [email protected]

Editorial / PR Submissions

Copyright © 2007 - 2024 Hipther Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania