These Companies Team Up To Try To Bring Psilocybin Microdosing Capsules To Australasia

Red Light Holland Corp. TRUFF TRIP (FSE:4YX) has signed a distribution agreement with MW Pharma Limited t/a NUBU Pharmaceuticals, to explore the possibility of legal import and distribution of Red Light Holland's psilocybin microdosing capsules to Australasia.

NUBU has completed the rigorous application process with New Zealand's Ministry of Health to secure a 'Licence to Deal in Controlled Drugs', a 'Licence to Wholesale Medicines', and now a Medicinal Cannabis Supply License from the Medicinal Cannabis Agency. NUBU Pharmaceuticals currently has distribution deals with six companies; ECS Botanics EBOTF, Sciva International s.r.o., InterCure Ltd. INCR, MGC Pharmaceuticals Ltd. MGCLF and Australian Natural Therapeutics Group Pty Ltd. to supply medicinal cannabis products, as well as Canopy Growth Corporation's CGC Storz & Bickel GmbH for medical cannabis vaporizers.

The psilocybin microdosing capsules are being developed by Red Light Holland's laboratory partner, CCrest Laboratories Inc., a Montreal-based cGMP pharmaceutical laboratory that holds a Controlled Drugs & Substances Dealer's License from Health Canada. The capsules will be made out of natural psychoactive material (psilocybin + psilocin) and will be packaged in child-proof safety bottles. The capsules will undergo quality control testing, including those for dosage, certificate of analysis and stability.

Australia has recently, on February 3, 2023, announced a down-listing of psilocybin in its list of controlled substances to allow psychiatrists to prescribe psilocybin to patients suffering from treatment resistant depression. The change in scheduling was announced to take effect on July 1, 2023.

Benzinga's Cannabis Capital Conference Is Back

The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference, returns to Miami for its 16th edition. This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Don’t miss out. Secure your tickets now. Prices will surge very soon.

Photo: Benzinga edit with photos by geralt and sergeitokmakov on Pixabay

 

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Posted In: CannabisNewsPenny StocksPsychedelicsSmall CapMarketsAustralian Natural Therapeutics GroupCCrest LaboratoriesMW Pharma Limited t/a NUBU PharmaceuticalspremiumSciva InternationalSTORZ & BICKEL GmbH
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The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


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