Breaking News: MediPharm Labs Enters Denmark Healthcare Cannabis Industry, Secures New White-Label Provide Consumers – Financialbuzz.com

MediPharm Labs Corp. (OTCQX: MEDIF) (TSX: LABS) a international leader in specialized, investigation-driven pharmaceutical-high-quality cannabis extraction, distillation and derivative goods, currently announced it will provide cannabis concentrate goods in Denmark to two new healthcare cannabis consumers beneath two separate white-label agreements. These consumers will be serviced by each GMP authorized facilities, MediPharm Labs Inc. and MediPharm Labs Australia Pty Ltd (“MediPharm Labs Australia”). This marks MediPharm Labs’ initial provide agreements for the export of completed goods to Denmark.

Denmark granted individuals legal access to cannabis-primarily based medicinal goods two years ago as element of a 4-year pilot system. The system delivers individuals with secure solution access and national wellness authorities with patient information that they can use to comprehend usage and efficacy. According to info complied by New Frontier Information and the Danish Ministry of Well being, more than two,one hundred individuals (mainly ladies in between the ages of 42-64) received cannabis-primarily based medicinal goods from 429 prescribing medical doctors beneath this system in 2019.

“The express goal of establishing a multi-jurisdictional, GMP-certified production capability is to lead the international cannabis industry for medicinal, wellness and adult use applications and these agreements represent yet another step forward in realizing our ambitions,” mentioned Pat McCutcheon, CEO, MediPharm Labs. “Getting in on the ground floor of the Danish healthcare industry with new and revolutionary healthcare cannabis focused goods positions us for further development in Europe and adds to MediPharm Labs all-crucial physique of information that we are leveraging to improve the style of our formulations for individuals and customers everywhere.”

Below the agreements, 1 which has an initial two-year term and the second a 1-year term – each topic to renewal, MediPharm Labs will provide a complete variety of specially formulated CBD and THC cannabis oil goods that will be white-labeled for distribution.

MediPharm Labs anticipates delivery to its consumers to start in October 2020, pending regulatory approval by applicable wellness authorities.

GMP Certification Ignites Development for MediPharm Labs Australia

“Since the starting of 2020, MediPharm Labs Australia has secured a number of really desirable domestic and international provide agreements with higher high-quality partners, now like new consumers in Denmark,” mentioned Warren Everitt, CEO, MediPharm Labs Australia. “This volume and the pace of new company wins are a clear and crucial validation of our selection to make a GMP certified cannabis extraction facility provide chain for globe markets and a testament to MediPharm Labs developing profile and reputation. We appear forward to ramping up production beneath all of these agreements.”

MediPharm Labs Australia received its Great Manufacturing Practice (“GMP”) certificate from the Therapeutic Goods Association in May well 2020, which enables it to sell cannabis APIs and completed goods to nations across the EU, like Denmark. The Business entered into its initial European white-label cannabis provide agreement that identical month with Therismos Restricted.

About Denmark’s Healthcare Cannabis Industry

Denmark launched its 4-year healthcare cannabis pilot system on January 1st, 20181. Post-harvest Great Manufacturing Processes (GMP) is necessary for distribution of healthcare cannabis goods in Denmarktwo.

By way of the system, physicians can prescribe healthcare cannabis for all purposes and are guided by suggestions in 4 places: discomfort brought on by various sclerosis, discomfort brought on by spinal cord harm, side effects from chemotherapy remedy and neuropathic discomfort that is due to brain, spinal cord or nerve harmthree. The suggestions published by the Danish Medicines Agency are primarily based on an comprehensive evaluation of literature as properly as assessments of: cannabis schemes in the Netherlands, Canada and Israel prior cannabis drug approvals in Europe and the US and scientific proof by the National Academy of Sciences (USA, 2017).

About MediPharm Labs Corp.

Founded in 2015, MediPharm Labs specializes in the production of purified, pharmaceutical high-quality cannabis oil and concentrates and sophisticated derivative goods using a Great Manufacturing Practices certified facility with ISO normal constructed clean rooms. MediPharm Labs has invested in an professional, investigation-driven group, state-of-the-art technologies, downstream purification methodologies and goal-constructed facilities with 5 main extraction lines for delivery of pure, trusted and precision -dosed cannabis goods for its consumers. By way of its wholesale and white label platforms, they formulate, customer-test, method, package and distribute cannabis extracts and sophisticated cannabinoid-primarily based goods to domestic and international markets. As a international leader, MediPharm Labs has completed industrial exports to Australia and is nearing commercialization of its Australian Extraction facility. MediPharm Labs Australia was established in 2017.

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