THC Global Group provides an overview on their New Zealand operations, covering their Endoca product distribution as well as their information portal for cannabis prescribers.
THC Global Group Limited (ASX: THC) is a medicinal cannabis company with a vertically-integrated business model built around the "farm to pharma" ideal.
The company recently provided an overview of their New Zealand operations, which continues to be focused on the distribution of THC Global's CBD product range under its agreement with Endoca.
The company goes on to mention that accessing CBD products in New Zealand is "relatively straightforward" when compared with Australia, in that patients are able to seek a prescription for CBD products, in the same manner as they would with any other prescription medicine.
This means that CBD can be prescribed without case-by-case government approval, giving THC Global a larger, and more immediately accessible population of patients when compared with Australia.
The company has also expedited the prescription process through its informational platform CBDinfo, which was developed with DATAPHARM to provide medical practitioners with information and education regarding CBD, along with the benefits and risks involved with its medical use. The platform launched in June this year and has since had over 100 medical practitioners enroll.
THC reports that "initial sales levels have been positive," which the company attributes largely to its focus on doctor education and information provision, helping prescribers understand the benefits of CBD.
Disclaimer: Past performance is not an indicator of future performance.
Disclaimer: past performance is not an indicator of future performance
The company also plans to release an Australian produced, Good Manufacturing Practice (GMP) certified medicine range next year that will be produced from its Southport Manufacturing Facility.
Outside of its New Zealand operations, THC Global is active in Australia, New Zealand, and Canada, with partnerships across Europe, Asia, and the Middle East.
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