Summary:
A young German SME is active in sales and distribution of cannabis for medical applications. As it is growing fast, it is looking for partners to contribute with experience and capital to initiate further development steps. Joint ventures or financial agreements are sought, preferably with partners who have experience in the pharmaceutical field.
Description:
The small company based in northern Germany was founded in 2019. The SME specialises in importing and distribution of medical cannabis products.
The company holds the following licenses:
- pharmaceutical wholesale permit §52a AMG (according to German law)
- narcotics legal permit §3 BtMG (according to German law)
- licensed in Goods Distribution Practice (GDP) / GDP certified warehouse
- license holder for two foreign countries
Next step is a license in Goods Manufacturing Pratice (GMP).
Due to the growing market, they are now looking for more partners to serve the increasing demand of their German customers. The SME is looking to expand its product range with new products made from medical cannabis, including products such as natural cosmetics and nutritional supplements from the over-the-counter sector. Therefore, the SME is searching for investors who are interested in a financial agreement with the aim to participate in the economic development of the SME. Furthermore, the SME is looking for joint venture partners who are interested in an financial engagement and in an active support of the SMEs growth strategy by giving strategical input and support with the introduction to market partner as well as responsible public authorities. The potential partner should have experience with cannabis products or at least in the pharmaceutical field.
Type (e.g. company, R&D institution…), field of industry and Role of Partner Sought:
The SME is looking for joint ventures partners who are interested to support the SME financially as well as with their experience within the branch and are able to foster the access to market partners and responsible authorities. Financial partners are requested to give financial support.
Technical Specification or Expertise Sought:
The German SME is searching for strategical partners interested to invest in the fast growing company according to the fast growing customer demand under joint ventures and / or financial agreements. The SME would prefer partners with experience in the pharmaceutical sector who can also assist with experience, initiation of business contacts and administrative and regulative tasks.
Stage of Development:
Already on the market
External code:
BODE20210706001
