Alliance Growers Corp. (CSE:ACG, FWB:1LA, OTCQB:ALGWF) (“Alliance Growers” or “the Company) reports that the Company has entered into a Binding  Letter of Intent, expanding its opportunity in West Africa from a 10 acre farm-in sub permit announced on June 26, 2019, to securing the rights to cultivate country wide, allowing Alliance to offer “10 acre farm out parcels” to other cannabis companies, as well as operating its own 10 acre farms

By way of the Binding LOI with Green Ocean Organics Ltd., the Company will control the Permit that allows Alliance Growers to cultivate, process, package and export all CBD, medical cannabis, extracted oils and related pharmaceutical products in an African country, which will be announced in 1st quarter 2020 pre the planting period of April 2020. The initial acreage granted is 50 acres for 2020, increasing on a 5-year Ministry agreement.


Extensive Due Diligence and All-encompassing Approach

Alliance Growers previously announced on June 26, 2019 that the Company had negotiated a farm-in agreement for an initial 10 leased acres requiring an investment of an estimated CAD$1.6 Million payable over the first full year of cultivation, producing an estimated potential annual net return of CAD$5.1 Million based on current forecasted costs and a significant discount to EU sales prices, to be conservative.

Since then, the Company has performed extensive due diligence, learning from the study and observation of other companies who have invested in Africa. We aim to be successful due to our all-encompassing approach. We start with working with the government to secure certification from the World Health Organization and the International Narcotics Control Board to assure the ability to export the product to countries that allow import of medical cannabis. The Company will sponsor the Ministry approved program to GACP, GMP and GDP certify all products grown and exported from the country with our German off-take partners.

Terms of the Binding LOI

The Binding LOI is between Alliance Growers, and Green Ocean Organics Ltd. (GOO), a private arms-length company, and a private African company, Global Medicinals SL Ltd & Partners (GM), and its major shareholder (KP).

GM holds, from the country’s Minister of Public Health, in consultation with the Minister of State and the Minister for the Interior, Safety, Decentralization, Current and Religious Affairs, a permit (the “Permit”) for the exploration, cultivation, production, storage, transportation and exportation of seeds and medicinal plants containing THC, CBD and their derivatives. GM and GOO have signed an agreement granting GOO the rights to develop, or otherwise commercialise the Permit. GOO will assist Alliance Growers in developing the Permit for the cultivation, production, harvesting, processing, marketing and export of cannabis specifically for medicinal and scientific purposes.

Subject to the completion of a Definitive Agreement, KP, the Major Shareholder of GM, and Timothy Rogers  the major shareholder of GOO have agreed to sell and transfer to Alliance Growers 70% shares of GM on the terms and conditions of the LOI in consideration of the issuance of 25,000,000 common shares of Alliance Growers equal to $2,500,000, at a deemed value of 10c per share.

Targeting Revenue in Q3 2020

The first crop will be planted in late March or early April 2020 with the intention of harvesting the crop in or about October 2020.  15,000 cannabis seeds will be planted on each 10-acre lot provided to Alliance Growers, requiring an investment of an estimated CAD$1.6 Million payable over the first full year of cultivation, Concurrently, the Company will initially develop processing facilities for supplying extracted oil to be completed by the fall of 2020 at an estimated cost of $500,000 which will be 50% funded by African investors. Future products are expected to include dried flower, biomass and 1st phase extracted oils and resin, depending upon customer requirements and market development, with the target market focus being European pharmaceutical.

By way of acquisition of 70% of GM, Alliance Growers will receive 70% of the proceeds from each harvest, with 30% being mandatory national content under the terms of the Permit. In addition, Alliance Growers plans to offer sub-permit acreage each year to other medical cannabis companies seeking to grow low cost, high margin EU GMP certified product for export to their own customers on a managed cultivation or self-managed contract.

Commenting on securing this Permit opportunity, Dennis Petke, President and CEO of Alliance Growers stated, “Our nine months of due diligence and fact-checking has paid off, allowing us to secure a tremendous opportunity in Africa. We developed our approach to this opportunity in large part by learning from the trials and tribulations of others over the last two years. This is the first opportunity that has met the criteria we searched for in an international medical cannabis opportunity: low cost jurisdiction, partners with operational expertise on the ground, and experts in the application and approval for German certification of medical cannabis combined with a ready-market. We are extremely fortunate to have funders from the US, Canada and the UK interested in funding this 2020 revenue opportunity as well as obtaining sub-permit farm-in acreages. In addition to medical cannabis, we are very excited to be able to add an Agro-Parma Permit and provide Plant Based Medicine beyond cannabis. Enthusiasm towards this opportunity is reflected by the fact that some Directors have personally provided funds over the past 6 months to bring the project to contractual fruition. Management is committed to making 2020 a turn-around year for Alliance Growers, with the intent of benefiting all stakeholders.

Entitled to Grant Sub Permits

Under this agreement, Alliance Growers is entitled to grant sub-permits to other medicinal cannabis companies within their allocated acreage. These companies can sell their product independently, or they can be integrated into the Alliance Growers sales chain, but any product must meet the minimum standards for cultivation of cannabis established by the Company.

Ready Market with Off-take German Partners

The exclusive Permit has been secured through a GM, private African company, enabling Alliance Growers to grow, process, package and export CBD, extracted oils, medical cannabis and related pharmaceutical products from the country. Through this Permit, the Company expects and aims to be the lowest cost, high volume, quality certified raw material producer from an INCB compliant country in Africa to the EU medical marijuana market. The agreement includes an off-take agreement with GM’s German partners to purchase the bulk of the product produced. The remaining product will be sold into the international marketplace at competitive prices that is expected to yield significant profit. The geographic location is ideal, with the requisite sunshine and rainfall, tested and suitable soils, plus natural water readily available. Labour and taxes have been set in all the locations at some of the lowest levels seen globally, and logistics are secure and transparent.

Option to Acquire Agro-Pharma Permit

In addition to the Binding LOI for cannabis cultivation, Alliance Growers has first right of refusal to secure additional land in Africa under an Agro-Pharma permit, with an emphasis on Psilocybin for medical purposes. Modern Medicine now tends to use the active ingredients of plants rather than the whole plants where the phytochemicals may be synthesised, compounded or otherwise transformed to make pharmaceuticals. These ingredients, formulated for medical use as well as health food and sports supplements, will complement our cannabis platform with economic benefits realized under a cost sharing model. The Company is in the process of negotiation terms with GOO regarding territory, consideration to be paid, operational responsibilities and cost sharing.

International Compliance and Quality Control Testing

Only products grown under the auspices of an accredited certification body, with importing Government supervisions in a country recognized by the International Narcotics Control Board as being compliant, will be considered for purchase by EU medical cannabis buyers. Testing of all products for export will be conducted post-harvest and approved pre-export. Alliance Growers is currently in negotiations with a US company with a patented cannabis testing technology for compliance and for quality control. Most companies that offer testing services do not have a patented process and may find themselves in violation of these patents. This is what will give Alliance Growers the leading edge on cannabis testing with the exclusive rights to market and provide testing services in Canada with their technology.  We will also be able to utilize the technology on favourable terms with our International operations.

Economic Development

In entering into this agreement, Alliance Growers recognizes that the country in which the business will be undertaken, as with most potentially emerging nations, is focused on “economic development.”  To that end, Alliance Growers is intent upon using local labour, not only for the manual labour required on the land, but also in such areas such as security and day to day management.  It is the Company’s hope that this project will provide both a return on investment for shareholders and assist the country in pursuing local economic development.

“Africa hasn’t developed better agricultural programs yet because lessons needed to be learned and attitudes need to change in order for compliance and certification to enable best practice cultivation. We have taken our time developing programs to start in 3 chosen and supportive West African countries, and our team is truly international, highly qualified, ethical and supportive of our aims in West Africa.” Winifred Boyah, General Manager Global Medicinals SL Limited.

“The climate, the labor, the vast internal resource means that Guinea is perfectly placed in 2020 to step away from the past and produce high quality regulated cultivated products for Europe and North American Health supplement and pharmaceutical markets. There is a new African business model, one which highlights compliance, regulation, security, transparency, partnership and that is what we are doing in Guinea with Green Ocean Organics”. Diallo Abdrahmane. General Manager Global Medicinals Guinea Limited.

“There is a reason why Cannabis hasn’t been grown and exported successfully from developing nations to the wider regulated pharmaceutical market, and that is down to the dated business transactions carried out by companies who don’t understand the developing world. Exploiting the potential of the natural resource from a developing nation needs to be a partnership in 2020, where the agreements, finance, ownership and business plan are transparent. That is where Green Ocean Organics sits, and that is what has been embraced by our partners in Africa on all levels.” Timothy Rogers, CEO, Green Ocean Organics Ltd.

Financing in conjunction with Agreement

The Company is in advanced discussions with several groups from the US, Canada and the UK interested in funding short-term revenue objectives, and sub-permit acreage. Funders have expressed a desire to support Alliance Growers throughout the permit term and beyond.

Under the terms of the Agreement, upon completion of the filing of Audited Financial Statements and the rescission of the cease Trade Order, Alliance Growers will issue a total of 25 million shares at a deemed value of $0.10 per share to the private company as consideration for the acquisition of 70% of the shares of the African company which has been granted the aforementioned Permit.

Alliance Growers has been granted an exemption by the Canadian Securities Exchange regarding its minimum pricing policy. Accordingly, in conjunction with the Agreement and upon completion of the filing of Audited Financial Statements and the rescission of the cease Trade Order, Alliance Growers will undertake a private placement financing of up to $150,000 by way of issuance of up to 6 million Units at a price of $0.025 per Unit.  Each Unit is comprised of one common share and one half-share purchase warrant, with each whole warrant entitling the holder to acquire one common share of the Company at a price of $0.05 per share, for a period of two years. The warrants are subject to an acceleration clause after the resale restrictions on the shares have expired.  The expiry time of the warrants may be accelerated if the Company’s shares trade at or above a weighted average trading price of $0.15 per share for 10 consecutive trading days.  Finders fees may be payable on portions or all the financing, at the rate of up to 10% in cash.

Subsequent News Release

The Company will disseminate a subsequent news release upon closing of the transaction that will provide further disclosure including: the name of the African jurisdictions and where the private company is licensed; further information relating to the private company; biographies on the management and directors of the private company; and the details of the proposed financing to be completed for the transaction.

About Alliance Growers Corp.

Alliance Growers is a Diversified Global Medical Cannabis Company driven by the Company’s ‘Four Pillars’ Organization Plan – Cannabis Biotech Complex (products and services to cultivators), Strategic Investments in Cannabis Cultivators, CBD Oil Supply and Distribution, and Research and Technology.

Alliance Growers is working with Pharmagreen Biotech Inc. to jointly develop and operate a 63,000-square foot Cannabis Biotech Complex, to be the first of its kind in Western Canada to house a DNA Botany lab, CBD extraction facility and Tissue Culture Plantlet Production facility to service the Cannabis market and agriculture market in general.

For further information, please visit the Company’s website at www.alliancegrowers.com or the Company’s profile at www.sedar.com.

If you would like to be added to Alliance Growers’ news distribution list, please send your email address to newsletter@alliancegrowers.com.

For more information contact:

Dennis Petke

CEO, President and Director

Tel:  778-331-4266

DennisPetke@alliancegrowers.com

Rob Grace

Communications Consultant

Tel:  778-998-5431

RobDGrace@gmail.com

FOLLOW US:

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE

FORWARD LOOKING INFORMATION

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. More particularly and without limitation, the news release contains forward-looking statements and information relating to Company’s corporate strategy. The forward-looking statements and information are based on certain key expectations and assumptions made by management of the Company, including, without limitation, the Company’s ability to carry out its business plan. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company’s ability to identify and complete additional suitable acquisitions to further the Company’s growth as well as risks associated with the medical marijuana industry in general, such as operational risks in development and production delays or changes in plans with respect to development projects or capital expenditures; the uncertainty of the capital markets; the uncertainty of receiving the required licenses, production, costs and expenses; health, safety and environmental risks; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of the potential market; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and regulated regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Click here to connect with Alliance Growers (CSE:ACG) for an Investor Presentation.

Source

 

Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), announces that, further to its news releases dated December 22, 2020 and January 7, 2021 the Company has closed its non-brokered private placement financing comprising of 7,500,000 units, at $0.10 per unit, for total gross proceeds of $750,000 .

Keep reading... Show less

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES /

 Revive Therapeutics Ltd. (” Revive ” or the ” Company “) (CSE: RVV) ( USA : RVVTF), a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders, is pleased to announce that is has entered into an agreement with Canaccord Genuity Corp. and Leede Jones Gable Inc. as the co-lead underwriters (collectively, the ” Underwriters “), pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 20,000,000 units (the ” Equity Units “) at a price of $0.50 per Equity Unit for gross proceeds to the Company of $10,000,000 (the ” Offering “).

Keep reading... Show less

The Australian cannabis market has been maturing since medical marijuana was federally legalised in 2016.

The next year, Food Standards Australia New Zealand legalised low-THC hemp food for human consumption in Australia. The country went on to legalise medical marijuana exports in 2018, allowing medicinal marijuana products developed in Australia to be exported to licenced recipients in countries where the drug is legal.

Recreational cannabis remains federally illegal in the country, but recent legislation shows the door may be opening. In 2019, the Australian Capital Territory passed a bill allowing for the possession and growth of small amounts of cannabis for personal use. The law went into effect on January 31, 2020.

More recently, in late 2020, the Therapeutic Goods Administration greenlit the sale of low-dose cannabidiol (CBD) through over-the-counter methods without a prescription. The ruling from the Australian regulatory agency is expected to officially come into effect in February 2021.

With these and other changes in the works, Australia’s cannabis industry is projected to have long-term potential. The legal cannabis market in Oceania is expected to be worth US$1.55 billion by 2024, with Australia accounting for 79 percent of the region’s market, Prohibition Partners forecasts.

According to a study from FreshLeaf Analytics, the value of the medical market in Australia reached AU$95 million in 2020, and the firm expects revenue to jump again to over AU$150 million in 2021. In short, Australia’s role in the global cannabis industry will certainly continue to grow.

Here the Investing News Network profiles 10 ASX cannabis stocks with market caps between AU$30 million and AU$225 million. All ASX cannabis stocks below are listed in order of market capitalization from largest to smallest, with data compiled using TradingView’s stock screener on January 12, 2021.

1. Creso Pharma (ASX:CPH)

Market cap: AU$209.83 million

Creso Pharma was the first company to import medical cannabis into Australia and the first to launch these products in Switzerland for people, as well as animals. The cannabis company’s anibidiol product was the first hemp CBD complementary feed in animal health thanks to a partnership with Virbac Switzerland. Creso Pharma has also launched cannaQIX in Switzerland; it was the first CBD nutraceutical in human health.

The company’s medicinal cannabis product lines cover therapeutics, nutraceuticals, animal health, lifestyle and topicals.

2. Cann Group (ASX:CAN)

Market cap: AU$176.84 million

Cann Group provides a range of medicinal cannabis products for patients in Australia and globally. In 2017, the company was granted Australia’s first cannabis research licence, as well as the first medicinal marijuana cultivation licence. Cann Group partners with leading medical scientists in Australia to research and harness the therapeutic potential of cannabinoids, terpenes and other bioactive constituents of cannabis.

The company has secured supply agreements in global cannabis markets, including the UK, Germany and other European segments.

3. Incannex Healthcare (ASX:IHL)

Market cap: AU$166.42 million

Incannex Healthcare is a clinical-stage cannabinoid medicine company with global export capacity. It has four clinical programs underway for the development of a variety of cannabis medicinal products aimed at major unmet medical needs, including obstructive sleep apnea, traumatic brain injury/concussion, sepsis-associated acute respiratory distress syndrome and temporomandibular joint disorder.

In 2020, the company worked to advance its clinical trials. By the second half of the year, cannabinoid products accounted for Incannex’s entire revenue stream.

4. Botanix Pharmaceuticals (ASX:BOT)

Market cap: AU$131.37 million

Botanix Pharmaceuticals has a product pipeline that includes three advanced clinical programs using synthetic cannabidiol for the topical treatment of serious skin diseases and for antimicrobial applications. The company also has an exclusive licence to use a proprietary drug-delivery system called Permetrex for direct skin delivery of pharmaceuticals.

Botanix Pharmaceuticals’ programs are focused on treating acne, rosacea, atopic dermatitis and microbial infection. The company secured a clear development path for its BTX 1801 synthetic cannabidiol antimicrobial product after the successful completion of a pre-investigational new drug meeting with the US Food and Drug Administration.

5. Althea Group Holdings (ASX:AGH)

Market cap: AU$114.2 million

Althea Group Holdings takes the concept of medical cannabis a step further with its work as a pharmaceutical-grade cannabis supplier. In addition to offering relief through accessible medical cannabis, the company is implementing components of the plant in its research on advanced drugs.

Althea has successfully expanded into the global cannabis market with a wholesale supply agreement to import a range of Althea-branded finished products for sale and distribution in South Africa beginning in Q2 2021. This agreement came on the heels of the news that the company is slated to become the first commercial supplier of Australian medicinal cannabis extract products to the German market, with all necessary licences for sale and distribution granted by the German government.

6. Zelira Therapeutics (ASX:ZLD)

Market cap: AU$113.79 million

Zelira Therapeutics’ efforts are on unmet clinical needs and on using medicinal cannabis to treat a range of diseases and disorders. Its most common target areas include pain, anxiety and sleep.

Zelira is largely focused on developing treatment options using plant-based medicinal marijuana, and currently has three clinical-stage programs with a focus on insomnia, autism and opioid reduction. The company is also conducting a pre-clinical research program to test cannabinoids in breast, brain and pancreatic cancer.

7. Medlab Clinical (ASX:MDC)

Market cap: AU$75.51 million

Medlab Clinical is a medical research and development company focused on novel biotherapeutics such as nutraceuticals and pharmaceuticals. The company is also developing pharmaceutical cannabis products.

In early 2020, Medlab Clinical launched the NanaBis Observation Study in Australia. NanaBis is a cannabis-based pain treatment drug that may prove useful as an alternative to opioid medication. It is also being used to investigate cancer pain management.

8. BOD Australia (ASX:BDA)

Market cap: AU$49.25 million

BOD Australia is focused on cannabis and hemp-related products. It develops, distributes and markets health and skincare products created using plant-based extracts in Australia. The company secured a foothold in the European cannabis market in 2020 with a AU$200,000 purchase order for four Swiss-branded hemp seed oil products to be sold in France, the Netherlands and the UK.

BOD Australia’s reach in Australia ranges from selling prescription and over-the-counter products to more than 1,000 outlets, such as pharmacies, retail stores and healthcare chains. It also has distribution agreements with two pharmacy wholesalers in Australia.

9. IDT Australia (ASX:IDT)

Market cap: AU$42.47 million

One of Australia’s oldest listed life science companies, IDT Australia is a pharmaceutical manufacturing company with extensive experience in the development and production of pharmaceutical products. Through its GMP-compliant facilities, the company provides full-scale services for new drug development, plus scale-up and commercial active drug manufacturing for local and international clients.

IDT Australia’s clients include Cann Group; IDT Australia is the manufacturer of the medical cannabis products that are a part of two of Cann Group’s export supply agreements with European and UK partners.

10. MMJ Group Holdings (ASX:MMJ)

Market cap: AU$31.04 million

MMJ Group Holdings has a wide range of cannabis investments, including healthcare products, technology, infrastructure, logistics, processing, cultivation, equipment, retail and research and development.

Among other companies, it has invested in Harvest One Cannabis (TSXV:HVT,OTCQB:HRVOF), which develops health and wellness products; Fire & Flower Holdings (TSXV:FAF,OTCQX:FFLWF), a recreational cannabis retailer that’s developed a variety of cannabis products and accessories; and MediPharm Labs (TSXV:LABS,OTQQX:MEDIF), a cannabis extraction company that received its cannabis oil production licence from Health Canada in 2018. MediPharm Labs has launched cannabis extraction services in Australia.

Investor takeaway

The presence of these ASX-listed cannabis companies shows that the cannabis industry in Australia is undoubtedly growing, as are investment opportunities in Australia’s cannabis industry. While recreational marijuana remains illegal in the land down under, the medical cannabis industry is thriving, making that side of the sector worth considering.

So far, Australia has no timeline attached to the legality of recreational use of marijuana, but it will be a story to watch over the coming years for those interested in the space.

Keep reading... Show less

Legal cannabis is spreading. According to a new report by Grand View Research, the global legal marijuana market is expected to reach US$73.6 billion by 2027 with a compound annual growth rate of 18.1 percent.

A survey of over 1,000 US consumers found that the modern cannabis user is largely representative of the general population. Moreover, cannabis consumption today blurs the lines between strictly recreational or medical. In fact, more than 50 percent of consumers report using cannabis for both purposes. As THC and CBD products make their way into an even wider array of product categories, our frame of reference for the modern cannabis user will continue to evolve.

In 2019, the medical cannabis market took home a leading revenue share of 71 percent, driven by the widespread adoption of cannabis as a pharmaceutical alternative for a wide range of conditions, including cancer, arthritis, Parkinson’s disease and more. A growing need for effective pain management therapies is expected to boost product demand even further.

This INNspired Article is brought to you by:

Khiron Life Sciences Corp. (TSXV:KHRN) is a vertically-integrated medical cannabis company fully licensed to conduct its core operations in Colombia.Send me an Investor Kit

Major telehealth platforms in the medical cannabis industry

Telehealth represents the intersection between innovative technology and the forefront of medical science. While remote medical practice saw its beginnings more than half a century ago, recent technological advancements have connected more patients to physicians than ever before.

In the US, platforms like NuggMD and IndicaMD provide patients with an online medical cannabis card that enables remote purchase of the drug. Patients can meet with physicians over secure video chat and can be approved to access cannabis within minutes. Physicians typically follow-up with patients by email, recommending the types of cannabis that would best alleviate their ailments and ensuring that they don’t purchase the wrong products. Other platforms exist to oversee the rapid delivery of cannabis and hemp products to patients across participating states.

Other parts of the world are undergoing the same transition. It has been more than eight years since Colombia — a country that represents more than a quarter of the world’s total export quotas — decriminalized the possession of small amounts of the drug, and roughly four years since the country legalized medical cannabis. In 2019, Colombia’s Constitutional Court overruled a ban on the public consumption of cannabis, which many considered a stepping stone toward full legalization. Recently, Colombia became one of the first countries in the world to extend national health insurance for patients requiring medical cannabis as a first-line therapy.

Khiron Life Sciences (TSXV:KHRN) was the first firm in Colombia authorized to sell both high and low THC formulations of medical cannabis. The company owns a telehealth platform that has accounted for over 5,600 medical cannabis prescriptions issued to date. Additionally, in June 2020 the company’s Doctor Zerenia telehealth platform was responsible for 14 percent of Khiron’s total medical consultations.

Since becoming the first company to fill medical cannabis prescriptions in Colombia, Khiron reports that 92 percent of its patients have experienced a marked improvement in their primary condition after four months of treatment. In light of these results, the Government of Colombia issued a directive that Khiron’s medical cannabis products and clinic services be covered by the country’s major health insurance providers. While countries such as Germany and the Czech Republic have taken similar legislative actions, a key difference in Colombia is that cannabis is considered a first line therapy with a vast array of applicable medical conditions. With more than 94 percent of Colombia’s population carrying health insurance policies, Colombia is quickly becoming one of the most favourable jurisdictions in the world for patient access; moreover, it has been shown that patient uptake is significantly increased by insurance coverage.

The next step forward for telehealth platforms includes opportunities such as virtual patient education and the fast, reliable delivery of essential drugs such as medical marijuana. Virtual care is also expected to expand across different types of patients, including those requiring intensive care. In the wake of the COVID-19 pandemic, many long-term care facilities have already adapted remote patient monitoring to maintain the safety of staff and patients.

The focus: Accessibility and improving patient outcomes

Medical marijuana has the power to improve patient outcomes across demographics. In the wake of groundbreaking research, patients, physicians and retailers are working together to increase the drug’s accessibility for patients who require relief from a range of health conditions. Telehealth platforms have been instrumental in not only increasing accessibility to medical marijuana, but also in improving quality of life across diverse populations of people.

A recent study completed by Canopy Growth (NASDAQ:CGC,TSX:WEED) in November 2020 found the absence of long-term toxicity despite long-term usage of CBD in a preclinical model, supporting the advancement of recent initiatives aimed at discovering CBD’s full range of therapeutic benefits. While CBD and tetrahydrocannabinol (THC) offer many of the same benefits, high levels of THC are responsible for most of cannabis’s psychoactive effects.

While the chronic pain segment dominated the medical cannabis market in 2019, application toward mental illness is expected to witness the fastest growth over the seven-year forecast period. Worldwide, a growing number of people suffer from depression, anxiety and other debilitating mental conditions with few low-risk pharmaceutical alternatives.

Medical cannabis is also becoming more popular among older adults. A recent study highlighted that cannabis use among individuals aged 65 and older has been steadily increasing, a trend that is consistent with reports from physicians who recommend cannabis in their daily practices. In the face of growing public acceptance and reduced stigma, we are beginning to see an increasing number of older adults rely on cannabis for relief against chronic pain, insomnia, neuropathy, anxiety and other conditions that traditionally call upon pharmaceuticals.

Much of the momentum in the medical cannabis market can be owed to the rise of telehealth platforms and health digitization efforts, increasing ease of access and promoting transparency. Over the next decade, legalization, increased awareness and the rise of remote medicine are expected to facilitate growth, creating lucrative opportunities for market stakeholders.

Takeaway

Telehealth platforms represent one of the easiest ways for patients, providers and retailers to collaborate remotely and fulfill needs faster. As more physicians and policymakers begin to recognize digital health tools as an advantage for maximizing efficiency and safety in health care, existing medical cannabis platforms are well-positioned to take advantage of a large-scale digital transition.

Keep reading... Show less

 BioHarvest Sciences Inc. (CSE: BHSC) (the “Company” or “BioHarvest”) invites its shareholders and the general public to join a Live Video Conference (“Webinar”) on Thursday, January 21st, 2021 at 2:00 PM Eastern Standard Time (11:00 AM Pacific Standard Time). Ilan Sobel, CEO of BHSC, will host the event and discuss progress on Bioharvest’s Growth Plan, which will include highlights of the 2020 milestones achieved, key business capabilities built, and will provide an important overview of 2021 Priorities.

The presentation will be approximately 35 minutes, followed by a live question and answer session.

Keep reading... Show less