Avicanna Delivers Innovative Topicals to Global Pharma Partner
Avicanna Inc. Makes Major Move in Cannabinoid Products
Toronto-based Avicanna Inc. (“Avicanna” or the “Company”) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) has recently achieved a significant milestone by completing the initial delivery of its proprietary topical products to a multinational pharmaceutical company. This delivery is part of an exclusive supply agreement and reflects Avicanna's commitment to expanding its reach in the global cannabinoid market.
Breaking Through into the European Market
Avicanna's first products delivered include a 3% CBD localized cream and a 2% CBD plus 0.5% CBG transdermal gel, both leveraging the Company’s patented deep tissue technology. These products were carefully developed through their Canadian research and development platform while being manufactured in their South American operations. CEO Aras Azadian expressed enthusiasm about the potential of these innovative products, particularly in the German and broader European over-the-counter markets.
Regulatory Compliance and Testing
Prior to importation into the German market, Avicanna underwent rigorous testing and analysis for product registration under cosmetics regulations. This careful approach ensures the safety and efficacy of their products, positioning them for successful entry into this new market segment.
Partnerships Enhancing Market Reach
The multinational pharmaceutical company involved possesses an expansive commercial infrastructure already established across four continents. They are gearing up for the launch of these products in six European countries by 2025, with prospects for further expansion to follow. Avicanna has strategically earned licensing fees by meeting specific milestones this year, indicating their successful alignment with the partner's goals.
Manufacturing Excellence and Sustainability
Manufacturing of these topical treatments is conducted in Avicanna’s facilities in Colombia, utilizing their own source of organic and sustainable cannabinoids, branded as Aureus. The commitment to ethical sourcing and production reinforces Avicanna's business integrity and dedication to quality.
Broad Spectrum of Cannabinoid-Based Products
Avicanna is not just stopping at topical solutions. The Company has a diverse range of cannabinoid-based products designed for various medical applications. Their product lines include RHO Phyto™, a medically-oriented cannabis formulary that offers an assortment of delivery methods such as oral, sublingual, topical, and transdermal. With each product designed to meet varying cannabinoid ratios, Avicanna seeks to accommodate the unique needs of patients and healthcare providers alike.
Innovative Patient Care Platforms
The Company has also developed MyMedi.ca, a medical cannabis care platform tailored to enhance the journey of medical cannabis patients. This initiative demonstrates Avicanna's commitment to education and support for both patients and health professionals, ensuring a well-rounded approach to cannabis medicine.
A Bright Future Ahead for Avicanna
With several proprietary, evidence-based finished products already histrorically developed and available on the market, Avicanna is set on a path towards success. Their pharmaceutical pipeline is rich with candidates targeting unmet medical needs across dermatology, chronic pain, and various neurological disorders. Avicanna's advancements position them favorably to become a leader in the cannabinoid space not just in Canada but worldwide.
Frequently Asked Questions
What products did Avicanna deliver to the pharmaceutical company?
Avicanna delivered a 3% CBD localized cream and a 2% CBD plus 0.5% CBG transdermal gel, using advanced deep tissue technology.
Which markets is Avicanna targeting with its new products?
The Company is focusing on the European market, particularly Germany, with plans to expand further across six countries in 2025.
How is Avicanna ensuring product quality?
Avicanna's products underwent comprehensive testing for compliance with cosmetics regulations and are manufactured using sustainable practices in Colombia.
What is MyMedi.ca?
MyMedi.ca is Avicanna's medical cannabis care platform that supports patients with medical cannabis needs through education and resources.
What are the future goals for Avicanna?
Avicanna aims to expand its cannabinoid product line and enhance its international market presence while addressing various medical conditions.
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