Materia Malta has begun the first sales of its products in Europe, with its medical cannabis flower – Carbasi Verde – now viable in pharmacies across Malta.
Wholly-owned subsidiary of Kanabo Group, Materia Malta, has begun its sales of the flower Carbasi Verde, with subsequent shipments now planned for the UK and Germany. The flower is the first to be produced at its EU GMP-certified manufacturing site.
Read more: Malta officially legalises cannabis in historic first for Europe
Managing director, Europe for Materia, Nick Pateras, commented: “This journey began in earnest over two years ago, so we’re elated to be offering patients Materia manufactured and branded medical cannabis.
“Our Maltese site is truly state-of-the-art, and with our team’s deep pharmaceuticals expertise we’re confident that Materia Malta will become one of the most important production facilities in Europe’s cannabis supply chain.”
Read more: Kanabo and Materia: innovating the cannabis supply chain in Europe
The medical cannabis flower has a potency of 21.7 per cent THC, and its release followed successful completion of Materia Malta’s first production cycle, which includes hand trimming to ensure the best quality for patients.
Kanabo CEO, Avihu Tamir, added: “Materia’s pace of progress remains remarkable. Subject to completion of the merger, the facility in Malta will enable Kanabo’s enlarged group to broaden its distribution across Europe and solidify our plan for a complete supply and distribution line.”
Kanabo has said that it has now finished the majority of its due diligence work as part of the proposed acquisition, and the parties have signed a revised term sheet that includes binding elements.
Read more: Kanabo and Medocann to develop unique cannabis strains for UK and Germany
The proposed transaction contemplates the full acquisition of Materia’s European business, including its Maltese EU GMP certified facility, German medical cannabis wholesaler and UK CBD e-commerce platform.
Carbasi Verde has been registered on the narcotics licence of Materia Deutschland GmbH ahead of its import into Germany.
[activecampaign form=31]
