In the last few years, Europe has been seeing a shift concerning the legalization, cultivation, and trade of medical marijuana, advising start-ups and entrepreneurs to totally capitalize on this brand-new opportunity.
From stress-relief chewing gum, to CBD-infused tampons for pain relief, here are 10 European-born startups founded in the past few years that are changing the marijuana landscape of Europe.
Bloom Genetics— In 2019 Oliver Davies, Oskar Fletcher and Naeem Dungarwalla, launched Bloom Genetics with the objective of utilising their experience of growing and breeding soft fruit to establish medical grade marijuana genes and products. In the meantime, their portfolio consists of 2 different items: cannabis genes and medical marijuana (entire marijuana flower). The London-based start-up raised a preliminary pre-seed funding round led by Deepbridge Capital in April 2020 to speed up the journey.
Cannamedical Pharma— Cannamedical (2016) is a leader in business with medical marijuana. As the only independent German marijuana wholesaler, Cannamedical has actually established organisation relationships with around 3,500 pharmacies throughout Germany and declares to have the biggest and most steady supply chain in the EU with access to 40,000 kgs of medical cannabis, which is offered under the Cannamedical label. In April 2020, the Cologne-based startup closed a EUR12 million strategic Series An investment round.
Demecan— Established in 2017 and headquartered in Berlin, Demecan is the only German company enabled to lawfully grow medical marijuana from 2020 onwards. According to the company, the very first materials of medical marijuana to German clients is arranged for completion of2020 In 2019, the start-up raised EUR7 million for the building of their production center in Dresden, and in May 2020 it was revealed that the start-up has drawn in a seven-digit investment, from a number of financiers, including Bernhard Schadeberg, head of the Krombacher brewery.
Lawn & Co — Under the approach “Life Improved By Nature”, Turf & Co (2018) provides a THC-free CBD oil, specifically combined utilizing the highest quality natural CBD and therapeutic botanical active ingredients.
Cannaray— Founded in 2018, this London-based startup is a socially-conscious group that hopes to empower individuals to live better lives via its ‘ gold standard’ CBD. Focusing on the health benefits of this product and backed by a team of physicians and scientists, their hand creams, balms, drops and pills fit into our daily routines with ease. Their products also carry eco-conscious accreditations, are produced utilizing 100%recycled plastic, and list where they are vegetarian or vegan. The group raised around EUR8 million in 2015, and are on the increase.
NOBL— Under the motto “Forming The Future of Marijuana”, the NOBL Group is unlocking opportunities in the world of cannabis data and media. Functioning as a media, information, tech and consultancy group, NOBL Group’s portfolio of wholly-owned companies consists of some of the most reputable brands in the sector and is wishing to end up being a driver for favorable change in the marijuana market, combining leaders in health, policy, science and business. At the start of 2020, they announced the closing of its Series A round and a capital injection of EUR14 million.
Alphagreen— Founded in 2019, London-based Alphagreen is a leading online marketplace for tech-enabled CBD and alternative healthcare items. Having used CBD to ease both psychological and physiological ailments, Ukrainian co-founder Alexej Pikovsky understood there was gap in the market for trustworthy and efficient CBD products that go beyond oil and vapes. Now with Russian co-founder Viktor Khliupko they have actually grown to 30 workers and landed EUR590 K seed funding this May 2020.
Sanity Group— Sanity Group was founded in 2018 by German entrepreneurs and marijuana advocates Finn Hänsel and Fabian Friede. The company is presently functional with two service systems, Sanatio Pharma, a medical marijuana company dedicated to the advancement of new treatments and pharmaceuticals, and wellness brand name VAAY, targeting the lifestyle market with prescription-free, CBD-containing items.
Daye— Daye, founded in 2017, is developing a femtech and cannatech brand name combined, to raise the standards in female health and bridge the gender gap in medical research study. Their very first product is a newly established tampon that uses CBD (an extract stemmed from the flower of the commercial hemp plant, a legal relative to marijuana) to help take on period cramps (or dysmenorrhea) as an alternative to traditional painkillers. Far their group of 40 has raised around EUR5 million.
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