Connect with us

press releases

Akanda will export a ton of cannabis from Portugal to Germany



The agreement between the Portuguese company Akanda and Cansativa GmbH will start with the export of one ton of cannabis produced in the Sintra facilities to the German distributor, announced Akanda in Press release. With this transaction, Akanda aims to capture approximately 10% market share in German medical cannabis imports. Tej Virk, CEO of Akanda, also foresees the next growth as markets open up to adult use.

Akanda Corp, an American company listed on the NASDAQ index, which fully owns Holigen and RPK Biopharma, announced earlier this week that it is preparing the first shipment of medicinal cannabis grown in Sintra to Germany.

According to release of the company, the Akanda facilities in Sintra received its first purchase order, having signed an agreement to deliver XNUMX kilos of high quality medical cannabis flowers to German pharmacies through the tiring. Cansativa is the only company in Germany authorized to distribute domestically grown cannabis. Cansativa will have the right of first refusal, which means that the German company can purchase a larger quantity than the agreed amount, being able to absorb Holigen's entire production capacity of XNUMX kilos per year.

“Akanda's entry into the German medical cannabis market gives the company an edge over its North American competitors in Europe and this is the focus of the company's growth,” said Akanda CEO Tej Virk. “The German Adult Use Bill is expected to be introduced later this year or early next year and legislation to be passed in late 2023. Other European countries may follow, given Germany's prominence as the largest economy of the European Union. If cannabis is legalized for adult use, the German cannabis market could reach €4,7 billion a year, according to the Institute for Competition Economics in Düsseldorf.”

Advertising cannadouro

See the Documentary "Patients"

Documentary Patients Laura Ramos help us grow

Mais recentes

press releases5 days ago

GNR: 10 months of investigation to seize 32 doses of hashish and 48 of cocaine

The Territorial Command of Porto, through the Criminal Investigation Nucleus (NIC) of Felgueiras, on November 28th, detained...

Interviews6 days ago

André Paquete Carvalho: “Amsterdam is very open, but we still live in times of tolerance. Cannabis here is still illegal.”

The interviews “Working with Cannabis”, published in Cannadouro Magazine, seek to introduce Portuguese people who work in the cannabis sector...

Hemp2 weeks ago

Cannabis or hemp? Is Spain making the same mistakes as Portugal?

The Guardia Civil recently announced the largest cannabis seizure ever in Spain, but soon after, several voices came...

National2 weeks ago

Cannadouro account disappears from Instagram 1 day before the event

CannaDouro's Instagram account will have been deleted or blocked by the social network provider. Access to the page was...

Hemp3 weeks ago

Pedrêz recipes: How to make cast hemp concrete in situ

In 2018, the Pedrêz workshop began, at Rua do Paraíso 331, in the historic center of Porto, the construction of the first...

Events3 weeks ago

Cannadouro returns to Alfândega do Porto next weekend

Shortly after Porto was chosen by the World Travel Awards as the best city destination in the world...

International3 weeks ago

Ireland: People Before Profit wants to change legislation to allow adult use of cannabis

The Irish political party People Before Profit will present in two weeks a bill that intends to change the...

International3 weeks ago

USA: President of the National Institute of Military Justice demands extension of the pardon for cannabis offenses to veterans

The president of the National Institute of Military Justice of the United States of America (USA) asked President Joe Biden to...

Interviews3 weeks ago

César Cardoso: “Building with hemp is a true green alternative”

Stimulating innovation in modern architecture, using natural or recycled materials, with low environmental impact, is one of the priorities...

National3 weeks ago

Portugal: Coastal Control Unit boat disappears after seizure of 1.700kg of hashish

A High Speed ​​Vessel (EAV) from the Coastal Control Unit, called “Alcoutim”, disappeared from the port of Vila Real de Santo...