Cantourage Group SE starts cooperation with a leading pharmaceutical wholesaler in Austria to supply the market with THC – Biotech Investments

Cantourage Group SE starts cooperation with a leading pharmaceutical wholesaler in Austria to supply the market with THC

• Dronabinol solution (THC) now available in three countries: Germany, Croatia and Austria
• Cooperation with JACOBY GM enables Cantourage to export THC to Austria for the first time
• Nationwide distribution by JACOBY GM ensures supply to pharmacies and pharmaceutical wholesalers

Berlin, July 5, 2023 – Cantourage Group SE (hereinafter “Cantourage,” ISIN: DE000A3DSV01), a leading European company for the production and distribution of cannabis-based medicinal products, has started its cooperation with JACOBY GM in Austria and carried out the first export of dronabinol and the dronabinol solution here. Dronabinol is pure tetra-hydro-cannabidiol, better known as THC. As a result, the solution has now been shipped to the second country in a year and the third country since its launch. Cantourage had first entered the Croatian cannabis pharmaceutical market in April 2023. With this expansion, Cantourage is strengthening its own position in the European market for medicinal cannabis and successfully implementing its internationalization strategy.

Cantourage supplies to the well-known company JACOBY GM Pharma GmbH, a leading Austrian pharmaceutical wholesaler. With around 490 employees, sales of approximately EUR 400 million in 2021 and a total of 7 locations in Austria, JACOBY GM is a strong and established player on the Austrian pharmaceutical market. JACOBY’s business fields include pharmacies, home pharmacies, veterinary medicine, aesthetic medicine, industry and import services.

The introduction of the dronabinol solution is intended to offer new alternatives for dronabinol prescriptions. JACOBY GM’s nationwide distribution ensures that Austrian pharmacies and pharmaceutical wholesalers can be supplied with the product.

“We are very happy that we were able to gain such an experienced and extremely well-established partner as JACOBY GM for the nationwide market entry with dronabinol and the dronabinol solution in Austria,” said Sebastian Blöte, European Sales Director of Cantourage and added: “Our goal is to overturn the currently still existing dronabinol monopolies in many European countries and be able to offer pharmacies this innovative form of dronabinol by significantly simplifying the production process. We are therefore very happy to be working with JACOBY GM, who shares our ambitious vision.”

About Cantourage
Cantourage is a leading European producer and distributor of cannabis-based medicinal preparations and drugs. The Berlin-based company was founded in 2019 by industry pioneers Norman Ruchholtz, Dr. Florian Holzapfel and Patrick Hoffmann. With an experienced management team and its “Fast Track Access” platform, Cantourage enables producers from around the world to become part of the growing European medical cannabis market faster, easier and more cost-effectively by processing and distributing their cannabis raw materials and extracts. In this context, Cantourage ensures compliance with the highest European pharmaceutical quality standards at all times. The company offers pharmaceutical-grade products in all relevant market segments: dried flower, extracts, dronabinol and cannabidiol. Cantourage was listed on the Frankfurt Stock Exchange on November 11, 2022 and is listed under ticker symbol “HIGH”.

More information: www.cantourage.com

This announcement does not constitute a public offer or an advertisement for a public offer in the meaning of Regulation (EU) 2017/1129 (Prospectus Regulation).
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Press contact Cantourage:
Frederick Steudemann
M +49 (0)30 4701 350-50
pr@cantourage.com