Portugal

Mon
08
Jul

Tilray speeds expansion in Europe

Tilray Inc. is expanding its European leadership team and setting up a hub in Portugal, deepening its planned international reach.

The company appointed five senior members to its European team, according to a statement Friday. Arne Wilkens, a former executive at the German pharmaceuticals company AiCuris, will take on the role of vice president of business expansion in Europe.

Wed
05
Jun

Hemp farmers in Portugal say 2019 growing season is lost

Some Portuguese hemp farmers say they’ll give up on the 2019 growing season due to continuing jurisdictional confusion between two government agencies over licensing.

The problem started when Portugal’s Ministry of Agriculture issued a clarification in January 2019 making all hemp related authorizations subject to review by INFARMED, the Portuguese Health Regulator that has authority over pharmaceutical products and controlled substances.

Tue
21
May

A brief history of CBD

CBD – short for Cannabidiol – is a compound inside hemp and cannabis that was first discovered in 1940. Recent studies have shown CBD to have medicinal value for treating things like anxiety, pain, and insomnia but where did the story begin with this gift from nature?

Fri
03
May

Portugal: €45M investment in medical marijuana production

Holigen have announced plans to invest €45 million in the production of medical marijuana in Portugal over the next four years.

Pauric Duffy from Holigen told Lusa News Agency that he expects the investment will lead to the creation of some 200 jobs.

"We received our production license this year and we are building our facilities in Sintra (21,500 square metres) and Aljustrel (7,000,000 square metres). If the entire licensing process goes as planned, in the third quarter of 2019 we will be fully operational in Sintra and, in 2020, in Aljustrel”, said Duffy.

Wed
01
May

Sunny Portugal now path to EU medical marijuana

For years, the Portuguese city of Cantanhede has been known for its wine products and roasted suckling pig, a local specialty. But the city has something new: Portugal’s first medical cannabis production farm.

The cannabis plant produces cannabinoids – chemical compounds used in treating health disorders. Parts of the plant are used to make the drug marijuana as well as a number of products containing the compounds CBD and THC.

Portugal’s sunny weather is ideal for growing cannabis. The weather caught the attention of Brendan Kennedy. He is Chief Executive Officer of the Canadian company Tilray, one of the world’s largest producers of medical cannabis.

Thu
25
Apr

Sunny Portugal: A gateway to Europe's medical pot market

Famous for its roasted suckling pig and wines, the Portuguese city of Cantanhede now hosts the country's first medical cannabis production farm - a budding European hub of efforts to meet growing demand for the flowering herb.

Portugal's California-like weather caught the eye of Canada-based Tilray as its CEO Brendan Kennedy roved around Europe from 2015 to 2017 in search of the perfect spot for a new production site.

Kennedy said Portugal had the ideal climate for cannabis cultivation and the country's young, educated workforce and its major agricultural sector were further attractions.

Tue
02
Apr

After legalisation, what next for medical cannabis in Portugal?

Cannativa’s Maria Álvares reflects on the landmark decision of legalising medical cannabis in Portugal – Is this a game changer to the cannabis landscape?

In 2018, medical cannabis in Portugal is legal when prescribed by a doctor, dispensed in a pharmacy, and licensed by regulatory body INFARMED but – to the disappointment of many – stopped short of allowing patients to cultivate their own supply. The law – which saw overwhelming support from all parliamentary parties bar the centre-right Popular Party, who abstained – came close to 20 years after Portugal made the radical decision to decriminalise all drugs and has been welcomed by many in the country, who have noted Portugal’s ideal climate for growing cannabis.

Wed
27
Mar

10 things you'll want to know about Europe's fast-growing marijuana market

You've probably heard plenty about the launch of the Canadian recreational marijuana market. And you are likely up to speed on the rapid expansion of legalization of both medical and recreational marijuana in the U.S. But how much do you know about marijuana markets in Europe?

Cannabis market research company Brightfield Group released its European CBD and Cannabis Market 2019 Report on Tuesday. This report analyzed the cannabidiol (CBD) and cannabis markets in Europe and in key individual European countries. Here are 10 things you'll want to know about Europe's fast-growing marijuana market from Brightfield Group's new report. 

Wed
27
Feb

Aurora Cannabis shares climb on news of medical marijuana deal in Portugal

Cannabis stocks were mostly higher on Tuesday, as investors digested the latest flurry of announcements from companies in the sector and moves among U.S. states toward legalizing weed for adult recreational use.

Aurora Cannabis Inc. shares ACB, -1.16% ACB, +6.36%  rose 3%, after the company said it’s acquiring a 51% stake in Portugal’s Gaia Pharma Lda., with plans to establish a local facility to produce medical cannabis and derivative products. Terms of the deal were not disclosed.

Mon
11
Feb

These three medical cannabis companies are growing larger across the globe

Portuguese company Holigen is looking to build one of the largest cannabis cultivation facilities in the world in the Alentejo region of Portugal. The site will house 500,000 kilograms of cannabis per year to start.

According to the company, the warm climate and low labor costs make Portugal an ideal place to grow cannabis.

When it is fully operational in 2020, Holigen claims the facility will be capable of producing 635,000 kilograms per year. It’s a harvest that would place Holigen among the world’s top cannabis producers.

In August 2018, Holigen acquired a 5,000-square-meter site in Lisbon. In September, the company did its first non-founder capital raise to begin building the biggest indoor, and outdoor licensed medical cannabis grow in Europe.

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