In the last few years, Europe has been witnessing a shift relating to the legalization, cultivation, and trade of medical cannabis, prompting startups and entrepreneurs to totally profit from this brand-new chance. Not remarkably, some have actually already started gaining a grip in this emerging market. In addition, with most of Europe quarantined inside during the past few months, home delivery e-commerce options for CBD have actually gotten more attention.
From stress-relief chewing gum, to CBD-infused tampons for pain relief, here are 10 European-born start-ups established in the previous couple of years that are altering the marijuana landscape of Europe.
Blossom Genes— In 2019 Oliver Davies, Oskar Fletcher and Naeem Dungarwalla, released Blossom Genes with the aim of using their experience of growing and breeding soft fruit to establish medical grade cannabis genetics and products. For now, their portfolio consists of two different items: cannabis genes and medical marijuana (entire marijuana flower).
Cannamedical Pharma— Cannamedical (2016) is a pioneer in business with medical marijuana. As the only independent German cannabis wholesaler, Cannamedical has developed service relationships with around 3,500 drug stores throughout Germany and claims 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 start-up closed a EUR12 million strategic Series A financial investment round.
Demecan— Founded in 2017 and headquartered in Berlin, Demecan is the only German business enabled to lawfully grow medical cannabis from 2020 onwards. According to the company, the very first materials of medical marijuana to German clients is arranged for the end of2020
Grass & Co — Under the philosophy “Life Improved By Nature”, Lawn & Co (2018) provides a THC-free CBD oil, specially mixed using the highest quality organic CBD and therapeutic botanical components. Divided into three classifications: EASE, CALM and REST, it promises to calm stress and make you more at ease. In 2019, they signed an exclusive collaboration with high-end outlet store Selfridges who will provide a variety of select CBD products from the Lawn & Co RELIEVE and CALM collections to shoppers.
Cannaray— Established in 2018, this London-based start-up is a socially-conscious group that wants to empower people to live much better lives via its ‘ gold requirement’ CBD. Focusing on the health benefits of this product and backed by a group of medical professionals and scientists, their hand creams, balms, drops and capsules suit our day-to-day routines with ease. Their products also bring eco-conscious certifications, 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.
Rainbow— All of us live demanding lives and continuously search for an escape of it. French startup Rainbow (2019) has combined ancient healing strategies with modern innovation to create distinct stress relief items. Far they have introduced 2 wellness brand names in the UK and France, Kaya and Peace & Skin. Kaya’s first product is unwinding chewing gum, while Peace & Skin helps people combat the effects of tension on the skin, with a relaxing and natural hemp-based and adaptogenic plant routine, available as of September. Rainbow raised financing throughout the pandemic.
NOBL— Under the motto “Shaping The Future of Marijuana”, the NOBL Group is unlocking chances in the world of cannabis data and media. Working as a media, information, tech and consultancy group, NOBL Group’s portfolio of wholly-owned companies includes some of the most respected brand names in the sector and is hoping to become a driver for favorable modification in the marijuana market, bringing together leaders in health, policy, science and organisation.
Alphagreen— Founded in 2019, London-based Alphagreen is a leading online market for tech-enabled CBD and alternative health care products. Having used CBD to ease both mental and physiological conditions, Ukrainian co-founder Alexej Pikovsky understood there was space in the market for trustworthy and efficient CBD items that surpass oil and vapes. Now with Russian co-founder Viktor Khliupko they have grown to 30 staff members and landed EUR590 K seed financing this May 2020.
Sanity Group— Sanity Group was founded in 2018 by German entrepreneurs and cannabis advocates Finn Hänsel and Fabian Friede. The business is currently functional with two organisation units, Sanatio Pharma, a medical marijuana company devoted to the development of new treatments and pharmaceuticals, and wellness brand VAAY, targeting the lifestyle market with prescription-free, CBD-containing products. In February 2020, they announced the conclusion of a EUR20 million financing round
Their very first item is a freshly developed tampon that utilizes CBD (an extract derived from the flower of the commercial hemp plant, a legal relative to marijuana) to assist take on period cramps (or dysmenorrhea) as an alternative to traditional painkillers.
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