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.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from MedWatch

Pfizer upgrades guidance for sales of covid-19 vaccine

The US pharmaceutical company Pfizer now predicts sales of its coronavirus vaccines will total USD 33.5bn this year. The previous estimate was UDS 26bn. Meanwhile, the company has revealed the guidance for its annual revenue.

Further reading

Related articles

Trial banner

Latest news

See all jobs