Tuesday, 03 March 2020 13:41

Creso Pharma brings its cannabis products to the Scandinavian market

By Jonathan Jackson

ASX VENDOR ANNOUNCEMENT. Cannabis has a place in global economies, but it seems the companies that will survive will be the ones who have a solid product offering that benefits consumers and therefore has a positive impact for investors.

One of these companies is Australian listed Creso Pharma (ASX: CPH). Creso’s aims to become the world’s most trusted supplier of cannabis and hemp derived products and the company’s experienced pharmaceutical leadership team has an unparalleled track record of success commercialising a wide range of pharmaceutical and therapeutic solutions.

Creso delivers products with standardized dosing and formulations through the applicationn of pharmaceutical rigor, Good Manufacturing Practices (GMP) standards when appropriate and proprietary, innovative delivery technologies.

The company is not limited by any single market and can therefore offer a diverse portfolio of solutions to the widest possible population.

Today, its commitment to bring to market products that make a difference in the lives of humans and animals has extended into the Scandinavian market. These are products that help manage pain, stress and anxiety and their importance shouldn’t be underestimated by investors or the broader public.

Creso products to be sold in Norway

Creso Pharma has signed a commercial term sheet agreement with Farmagon, Oslo, Norway to enter the Scandinavia market with Creso products.

Farmagon is an established wholesale distributor in Norway, with over 25 years of experience in pharma in Scandinavia.

Through this partnership, Creso expects to leverage Farmagon’s licences, deep industry know-how and active retailer distribution channels to bring in-demand medical cannabis products to Scandinavia and surrounding markets.

Under the agreement, Farmagon has the right to commercialise Creso’s products under co-branding with Creso, or white labelling in the defined territory, subject to prescribed minimum order quantities.

The first phase of the commercial roll out will be the focused on the launching of cannaQIX® 50 and cannaQIX® 10, both of which will be marketed as medicinal cannabis products under a required narcotics licence.

peter cannabis

Supply chain advantages

In managing the sales operations, all aspects of the supply chain from medical professionals to shopfront and online distributors are in place.

The sales channels will comprise doctors across a range of disciplines including alternative medicine, oncologists, neurologists and pain management doctors.

In terms of the group’s sales strategy, distribution to retail, pharmacies, drugstores, grocery shops and online is being coordinated.

The agreement covers Norway as a commercial gateway as well as Denmark, Sweden and Finland, and can be terminated by either party giving 3 months’ notice.

Highlighting Scandinavia’s high-profile position in terms of science-based products, Creso Pharma’s chief executive and co-founder Dr. Miri Halperin Wernli said, “We are excited to enter the Scandinavian markets with our products.

‘’Besides being an attractive market, this will bring excellent opportunities as Scandinavia is a top-quality reference for marketing science-based products.

Farmagon brings a wealth of experience to the table having operated for decades in the pharmaceutical space, whereby it now benefits from long-standing strong relationships across the supply chain, including an active retailer distribution network across the region.

There are also obvious benefits that will flow from the group being an authorised wholesale organisation with narcotics licences for healthcare products for humans and animals in place.

Chief executive and founder of Farmagon John Schnell said, “We look forward to working together with Creso Pharma to realise this exciting opportunity.”

WEBINAR event: IT Alerting Best Practices 27 MAY 2PM AEST

LogicMonitor, the cloud-based IT infrastructure monitoring and intelligence platform, is hosting an online event at 2PM on May 27th aimed at educating IT administrators, managers and leaders about IT and network alerts.

This free webinar will share best practices for setting network alerts, negating alert fatigue, optimising an alerting strategy and proactive monitoring.

The event will start at 2pm AEST. Topics will include:

- Setting alert routing and thresholds

- Avoiding alert and email overload

- Learning from missed alerts

- Managing downtime effectively

The webinar will run for approximately one hour. Recordings will be made available to anyone who registers but cannot make the live event.

REGISTER HERE!

LAYER 1 ENCRYPTION A KEY TO CYBER-SECURITY SOLUTION

Security requirements such as confidentiality, integrity and authentication have become mandatory in most industries.

Data encryption methods previously used only by military and intelligence services have become common practice in all data transfer networks across all platforms, in all industries where information is sensitive and vital (financial and government institutions, critical infrastructure, data centres, and service providers).

Get the full details on Layer-1 encryption solutions straight from PacketLight’s optical networks experts.

This white paper titled, “When 1% of the Light Equals 100% of the Information” is a must read for anyone within the fiber optics, cybersecurity or related industry sectors.

To access click Download here.

DOWNLOAD!

VENDOR NEWS & WEBINARS

REVIEWS

Recent Comments