Evogene's Canonic Ships First Batch Of Unique Cannabis Varieties To Europe

Medical grade cannabis products developer Canonic Ltd. and a subsidiary of Evogene Ltd. EVGN EVGN, has shipped the first batch of its unique cannabis varieties to Portugal, following approval to export from the Israeli Ministry of Health and Ministry of Agriculture.

As part of its preparations for the planned 2023 commercial launch in Europe, Canonic expects to enter commercial agreements with local growers and manufacturers and will work to obtain required regulatory approvals. To this end, the varieties shipped are intended to be grown on a semi-commercial scale for lab testing and regulatory examinations, as required by European regulation.

Recently, Canonic reported positive results in pre-clinical studies in inflammatory and pain model systems. The study was conducted in Israel's Hadassah Medical Center and the Migal - Galilee Research Institute in Kiryat Shmona.

The results confirmed the identification of specific cannabis varieties with heightened anti-inflammatory and pain relief properties for Canonic's medical cannabis Precise product line and have led to a patent application filing.

More recent news from Evogene:

Evogene's Canonic Launches First Two Medical Cannabis Products In Israel Ahead Of Schedule

Canonic Announces Pre-Launch of Medical Cannabis Products in Israel

Price Action

Evogene shares traded 3.10% higher at $1.33 per share during Monday’s pre-market session.

Photo: Courtesy of Avery Meeker on Unsplash

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsPenny StocksEurozoneMarketscanonic ships cannabis to Portugal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Top Cannabis Event In New Jersey

Join the Benzinga Cannabis Market Spotlight in New Jersey on June 17th! Grow your business, raise money and capitalize on the booming NJ recreational market. Don’t miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. Use the code "JAVIER20" for 20% off!


Loading...