MedWatch

Australian firm acquires Denmark's largest cannabis company

An Australian buyer takes over Spectrum Therapeutics with plans of expanding cannabis production in Denmark to help supply Europe.

Photo: Christian Lykking/ERH

Stocklisted Little Green Pharma, which grows and produces medicinal cannabis in Australia, is buying the largest Danish cannabis producer, Spectrum Therapeutics, which will significantly expand the production capacity of the Australian company, according to Danish media Jyllands-Posten.

Spectrum Therapeutics has struggled with massive losses, and the Danish newspaper writes that the Australians have possibly made a bargain which can launch a heated price war for producers of cannabis products.

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