Avicanna Subsidiary Santa Marta Golden Hemp S.A.S. Completes First Commercial Export of Aureus™ Branded THC and CBD Extracts to Portugal
Avicanna Inc. ("Avicanna
" or the
") (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) a
biopharmaceutical company focused on the development, manufacturing
and commercialization of plant-derived cannabinoid-based products
is pleased to announce that, through its majority owned Colombian
subsidiary, Santa Marta Golden Hemp S.A.S.
”), SMGH has completed its first commercial
export of high concentration THC and high concentration CBD full
spectrum psychoactive cannabis extracts to Portugal.
Lucas Nosiglia, President of Avicanna LATAM,
commented: “We are happy to see the international opportunities for
our Aureus-branded products continue to grow globally and more
specifically in the European Union where we are well positioned. We
believe that our comprehensive portfolio combined with our
dedication to quality standards and organic and sustainable
practices positions us well as a supplier for our global
Avicanna’s supply chain business unit is based
in Santa Marta, Colombia and provides a consistent source of
cannabinoid raw materials for the global marketplace. These include
active pharmaceutical ingredients and feminized seeds, for
Avicanna’s cosmetic, medical, and pharmaceutical products, in
addition to supplying the company’s partners around the world.
Aureus-branded products are cultivated,
extracted, and manufactured by Avicanna’s subsidiaries in Colombia
where they leverage optimal environmental conditions to produce
cannabinoid active pharmaceutical ingredients economically and
sustainably and include a range of extracts of CBD, THC and rare
cannabinoids such as CBG.
About Avicanna Inc.
Avicanna is a commercial-stage international
biopharmaceutical company focused on the advancement and
commercialization of evidence-based cannabinoid-based products for
the global medical and pharmaceutical market segments. Avicanna has
an established scientific platform including R&D and clinical
development that has led to the commercialization of more than
thirty products across various market segments:
Medical Cannabis & Wellness
Products: Marketed under the RHO Phyto™ brand these
medical and wellness products are a line of pharmaceutical-grade
cannabinoid products containing varying ratios of cannabidiol
(“CBD”) and tetrahydrocannabinol (“THC”). The product portfolio
contains a full formulary of products including oral, sublingual,
topical, and transdermal deliveries that have controlled dosing,
enhanced absorption and stability studies supported by pre-clinical
data. The formulary is marketed with consumer, patient and
medical-community education and training.
Pipeline: Leveraging Avicanna’s scientific platform,
vertical integration, and real-world evidence, Avicanna has created
a pipeline of patent-pending drug candidates that are
indication-specific and in various stages of clinical development
and commercialization. These cannabinoid-based drug candidates look
to address unmet medical needs in the areas of dermatology, chronic
pain, and various neurological disorders. Avicanna’s first
pharmaceutical preparation (Trunerox™) is in the drug registration
stage in South America.
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SOURCE Avicanna Inc.
For more information about Avicanna, visit www.avicanna.com,
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Forward-looking information contained in this news release may be
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expressions. Although the Company believes that the expectations
and assumptions on which such forward looking information is based
are reasonable, undue reliance should not be placed on the
forward-looking information because the Company can give no
assurance that they will prove to be correct. Actual results and
developments may differ materially from those contemplated by these
statements. Forward-looking information is subject to a variety of
risks and uncertainties that could cause actual events or results
to differ materially from those projected in the forward-looking
information. Such risks and uncertainties include but are not
limited to current and future market conditions, including the
market price of the common shares of the Company, and the risk
factors set out in the Company’s annual information form dated
March 31, 2022 filed with the Canadian securities regulators and
available under the Company’s profile on SEDAR at www.sedar.com.
The statements in this news release are made as of the date of this
release. The Company disclaims any intent or obligation to update
any forward-looking information, whether as a result of new
information, future events or results or otherwise, other than as
required by applicable securities laws.
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