Avextra AG, a vertically-integrated manufacturer of cannabis-based medicines located in Germany, announced the export of its standardised cannabis extracts to Italy.
Italy is a key market for Avextra, with the second-largest patient population for cannabis-based medicines in the European Union. Avextra is one of only three companies approved to import cannabis medicines into the country. According to the company in Italy over 70% of the market for cannabis-based medicines are extracts and Avextra is the first medical cannabis/pharmaceutical company to register and launch a balanced extract in Italy, by far the most sought-after potency for domestic patients.
Avextra’s co-CEO Dr. Bernhard Babel stated, "We have had extensive discussions with Italian doctors and pharmacies and see a clear need for standardised extracts in Italy. Our Italian team have regularly participated in scientific conferences and built relationships with leading researchers and clinicians and see strong potential for medical cannabis therapies to grow and develop in Italy."
Avextra's manufacturing facility in Germany adheres to strict European Union regulations, ensuring that all products meet the standards for quality and safety that EU regulators have set.
Photo by Thiago Patriota on Unsplash
Related News
Avextra AG Announces 17M Euro Capital Raise To Fuel Its Growth And Expansion Through Europe
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
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!