Te Tauihu partnership aims to bring medical cannabis to Europe
Aotearoa’s largest medical cannabis producer, Puro, has partnered with Nelson Medical Kiwi Company to export medical cannabis products to Europe.
As part of this partnership, Puro will supply Medical Kiwi with five tons of cannabis flower in the first year, with the volume increasing in subsequent years.
The flower will be dried at Medical Kiwi’s drying facility in Christchurch, with sales expected to begin next year.
In April, Puro, based in Marlborough received a $13 million government grant to strengthen New Zealand’s organic medicinal cannabis industry.
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Puro Executive Chairman Tim Aldridge said the partnership is a good fit with Puro’s expertise in plant breeding and genetics, Medical Kiwi’s processing capacity and European customer relationships.
“There is huge global demand for high-quality pharmaceutical cannabis and our partnership with Medical Kiwi will help put New Zealand-grown medical cannabis on the world map,” said Aldridge.
Last year, Medical Kiwi admitted to making false statements during a crowdfunding campaign, breaching the fair dealing provisions of the Financial Markets Conduct Act.