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Kanabo makes £14m acquisition of telehealth GP service

Patients will now be able to access Kanabo’s medical cannabis and CBD products through The GP Service (GPS).

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Kanabo makes £14m acquisition of telehealth GP service

The acquisition will establish a fully compliant channel to market for Kanabo’s medical cannabis products for patients.

Kanabo has made the strategic acquisition of the leading private telemedicine and online primary healthcare service provider in the UK – The GP Service.

With the aim to be the market leader for medical cannabis in Europe, the UK deal will see Kanabo develop The GP Service platform to become one of Europe’s first digitally-led and legally compliant providers for Kanabo’s medical cannabis products and CBD services following regulatory approval.

Founder and CEO of Kanabo, Avihu Tamir, commented: “Today’s acquisition of the GP Service is part of our strategy to use M&A alongside organic growth to build a pan-European company, and to offer help to millions of consumers and medical patients for conditions including chronic pain, anxiety and central nervous system diseases.

“We are very much looking forward to working with the highly skilled team at GP Service to support the growth of their business in the rapidly growing telemedicine market in the UK and beyond.”

Read more: Kanabo and Materia – innovating the cannabis supply chain in Europe

GPS is an approved provider on the NHS digital framework for video and online consultations. Through the service patients will be able to book an appointment with a UK registered GP for £39.99 and have prescriptions delivered to one of 4,200 pharmacies within an hour for £7.49.

As the first medical cannabis company to IPO on the London Stock Exchange, Kanabo has been advancing its strategy throughout 2021 to achieve its aim of becoming a European medical cannabis market leader.

The company signed an agreement with Hellenic Dynamics to buy up to 1,000kg of EU GMP certified cannabis material that will be used to extract THC and CBD oil for its medical use vape application, and also acquired over £750,000 worth of shares in the company.

It later made its acquisition of Materia, which operates a state-of-the-art EU GMP certified facility and has subsidiaries in Malta, Germany and the UK. The deal will see the import and selling of medical cannabis products to German pharmacies through Materia Deutschland, and will utilise Materia’s innovation in the supply chain to bring products into other European markets.

In October 2021, Kanabo also signed a partnership agreement with Medocann Pharma to develop unique cannabis strains for the UK and German markets.

Read more: Kanabo and Medocann to develop unique cannabis strains for UK and Germany

Kanabo, which has developed the VapePod – the world’s first medical-grade vapouriser, has also been making progress with its medical cannabis products, having launched a new extract formula that will give thousands of UK patients access to pain relief in a metered dose, and moved its CBD-based smoking cessation formula one step closer to full patent approval.

The latest acquisition will see Kanabo breaking into a new market that has seen dramatic growth since the start of the Covid-19 pandemic. The global telemedicine market is now forecast to grow by 23 per cent to $14.9bn (~£10.96bn) by 2024, with the UK market for private virtual GP services being estimated to be worth £1bn.

Kanabo has stated that it hopes to make a substantial contribution to improving outcomes for thousands of patients in the UK and Europe through the acquisition by improving access to its products.

Medicinal

Khiron announces opening of first Zerenia medical cannabis clinic in Brazil

The new clinic will increase patient access to medical cannabis.

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Khiron announces opening of first Zerenia medical cannabis clinic in Brazil
Home » News » Medicinal » Kanabo makes £14m acquisition of telehealth GP service

European medical cannabis group, Khiron, has opened its first Zerenia medical cannabis clinic in Ipanema in Rio de Janeiro, Brazil, as it continues its expansion into the country.

As part of its expansion into a number of jurisdictions across the globe, including Germany and Spain following recent developments, Khiron has now opened its Zerenia Rio clinic.

The clinic will provide physical consultations and telehealth services, connecting patients with medical specialists trained in the ethical, safe and responsible prescription of cannabinoid-based medications.

Read more: Khiron gains German distribution capabilities with new acquisition

The medications focus on the treatment of conditions such as chronic pain, neurological pathologies, palliative care, rheumatology, psychiatry, geriatrics, endocrinology, gastroenterology, gynecology, otorhinolaryngology and dermatology.

Located in Ipanema, a city with more than 12 million people, the clinic’s initial phase will have a total capacity of approximately 23,000 patient consults per year.

The clinic will be under the leadership of Dr Eduardo Faveret as medical director and will open with more than 13 doctors for both in-person and telehealth models.

Read more: Khiron continues expansion into Spain after medical bill green light

Dr Faveret commented: “Brazil continues to experience exponential growth in prescribing doctors and demand for medical cannabis products by patients. Zerenia Rio, is positioned as a comprehensive and humanised pioneer in patient health service and prevention to improve the quality of life of Brazilian families.

“We have assembled a multidisciplinary medical team that covers diverse medical cannabis specialties and treatments, which makes our Zerenia Rio clinic unique in Brazil.”

Dr Faveret and the Zerenia Rio clinic will be supported by Khiron’s strategic alliances with doctors and patient associations, including CANNAB in Salvador de Bahia, and leading medical distributors such as TAIMIN in Rio de Janeiro and Sao Paulo.

Later this year, Khiron is expecting to launch additional THC medical cannabis products in the country, which will complement its current global portfolio.

CEO and director of Khiron Life Sciences, Alvaro Torres, said: “Khiron has developed a unique, successful, and sustainable model with the implementation of Zerenia in Colombia, Perú, and the United Kingdom.

“Brazil is Latin America´s largest addressable market with more than 210 million people and we believe that our Zerenia model will replicate the success we have experienced around the world. 

“We have served more than 25,000 individual patients across the globe through our model, with high peer patient acquisition and retention rates. We have a fantastic team on the ground in Brazil composed of doctors, nurses, patient advocates, and administrative staff in our Zerenia™ Rio clinic that will elevate our patient-first model to new levels. 

“Khiron’s Zerenia Rio clinic in Brazil will also allow us to continue to generate more patient-based evidence on the pharmacoeconomic benefits of our Khiron-branded medical cannabis products, and through this data, Khiron could eventually be able to provide insurance benefits for patients as we have done in Colombia.”

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Medicinal

Akanda and Cansativa to supply German patients with cannabis flower

The collaboration will see patients have access to two novel cultivars.

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Akanda and Cansativa to supply German patients cannabis flower
Home » News » Medicinal » Kanabo makes £14m acquisition of telehealth GP service

Akanda Corp and Cansativa are collaborating to supply the German market with dried flowers from Akanda’s EU-GMP certified indoor grow facility in Sintra, Portugal.

Under the collaboration, Akanda is expected to deliver at least 1,000 kg of flower to Cansativa over the first 12 months of the agreement.

All pharmacies in Germany will be able to purchase the products through the Cansativa platform. Since the award of the Federal Institute for Drugs and Medical Devices (BfArM) in August 2020, Cansativa Group is the only company with approval for the distribution of medical cannabis from German cultivation. 

Read more: Akanda to supply cannabis for FDA trials of potential multi-million dollar medicine

Co-founder and CEO of the Cansativa Group, Benedikt Sons, commented: “We are very glad about this agreement that allows us to introduce two novel medical cannabis flowers to the German market. 

“This enables patient access to an additional supplier with a new and innovative range of medical products. This exciting cooperation marks another step in improving the product diversity and security of supply on the German market. 

Read more: Akanda to contest liquidation of its Lesotho-based subsidiary

“We look forward to a long-term relationship with Akanda, with whom we share an important part of our mission: We want to enable physicians, pharmacies, and patients by giving them access to an extensive medical product portfolio and help improve the quality of life with the help of medical cannabis.”

CEO of Akanda, Tej Virk, added: “Our prized purpose-built indoor grow facility is the only one of its kind in Portugal that can produce EU-GMP medical cannabis equivalent to the adult-use grades available in North America. 

“It has both the quality and scalability to meet the growing demand for medical cannabis in fast-growing markets across the EMEA region, such as Germany. 

“We are equally excited to be partnering with the Cansativa Group to bring some of our best strains to Germany through their platform. This supply agreement represents one of the largest agreements in the nascent European medical cannabis industry and is certainly Akanda’s most substantial commercial development to date, enabling new patient experience.”

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Medicinal

Khiron gains German distribution capabilities with new acquisition

Khiron Life Sciences has completed the acquisition of Pharmadrug Production GmbH.

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Khiron gains German distribution capabilities with new acquisition
Home » News » Medicinal » Kanabo makes £14m acquisition of telehealth GP service

Through its acquisition of Pharmadrug Production,  Khiron will have access to EU-GMP manufacturing capabilities and a distribution hub for medical cannabis.

Khiron has stated that the acquisition of Pharmadrug Production will provide the company with direct access to German pharmacies and increase in gross margins for its products. 

It will also allow Khiron to accelerate the expansion of its medical product portfolio with additional exclusive flower varieties and a THC‑dominant full spectrum extract that combines the medicinal properties and areas of application of the established THC isolate formulations (dronabinol) with the specific advantages of a full-spectrum extract.

Read more: Khiron continues expansion into Spain after medical bill green light

President of Khiron Europe, Franziska Katterbach, stated: “We are very pleased that we have now received all the necessary permits and licenses in connection with the acquisition and integration of Pharmadrug Production and that we can continue our growth course in Europe on an expedited pace with full control over the value chain up to the pharmacy. We are very excited to take advantage of the Pharmadrug Production’s excellent infrastructure and experienced team, which will enrich us professional and personally. 

“After opening our Zerenia clinic in London last year and now adding a powerful asset in Germany, our European force is complete and ready to ramp our sales in Germany. 

“Now we expect to sell our products faster and at higher margins directly to German pharmacies, which will save distribution fees. A first signal in this direction is the imminent expansion of our medical portfolio for European patients. 

“These are products manufactured exclusively in Europe, and our medical portfolio now covers the entire spectrum of chemotypes and forms of administration. We will provide more detailed information on our new products in a timely manner.”

The development is in line with the Khiron’s strategy to strengthen its foothold in Europe, having also recently welcomed Spain’s progression on the regulation of medical cannabis, stating it is looking forward to bringing its clinical expertise and evidence from Khiron-owned Zerenia Clinics to Spanish patients.

Khiron, which recently reported a record 2022 Q1 with revenue of $4.6m, has stated that additional new products are already in the pipeline, that will comprise the entire spectrum of therapies with medical cannabis to be able to offer the right therapy for every patient.

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