There is a growing demand for medical cannabis in Germany. Since the enactment of Germany’s Cannabis as Medicines Act in March 2017, the country has relied heavily on imports, which do not meet the needs of more than 100,000 patients. However, Aphria RX GmbH, a wholly-owned subsidiary of Tilray, Inc. (NASDAQ: TLRY), has brought a new wave of positive change. The subsidiary has completed the first cultivation and harvesting of medical cannabis, and distribution plans are underway.
With the endorsement of all the pharmaceutical and narcotic legal requirements, Tilray has proven that it is competitively differentiated and that it is also poised to transform the industry globally. The global pioneer in cannabis research has made a highly scalable footprint. Thanks to a portfolio of diverse medical cannabis brands and compelling products.
Inspiring and Empowering the Worldwide Community to Live Their Very Best Life
It is imperative to live your best life when you can while protecting your mind, body, and soul. Tilray’s mission is to invoke a sense of wellbeing and cultivate a trustworthy relationship with its patients and consumers. The medical cannabis harvest is the first-ever happened in Germany under European Good Manufacturing Practices (EU GMP) in a 6,000 square meter indoor growing facility.
“Our harvest in Germany represents an important milestone in granting access to high-quality and trustworthy medical cannabis to patients… a testament to the professionalism and dedication of our team….” Denise Faltischek, Tilray’s Chief Strategy Officer, revealed.
In other news, Tilray has publicized the launch of Broken Coast BC Lager. The launch happened in collaboration between Tilray’s SweetWater Brewing Company and Broken Coast Cannabis Ltd, Canada’s leading craft cannabis brand.
The new product is the first cross-brand and Tilray’s first Canadian cannabis brand introduction into the US. Also, Tilray’s CEO, Irwin D. Simon, explained that it took time to perfect the Broken Coast BC Lager to ensure the delivery of a unique and tasty new brew. In any case, craft beer drinkers are constantly seeking a refreshing and easy-drinking lager.
Aphria RX GmbH, a subsidiary of Tilray, Inc. (NASDAQ: TLRY), Completes the First Successful Harvest of Medical Cannabis Cultivated in Germany
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