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SOMAÍ Pharmaceuticals and Canify Announce Their Partnership to Introduce a Cannabinoid-Based Product Line in Germany
Dec. 19, 2023 by SOMAÍ
SOMAÍ Pharmaceuticals and Canify AG announce their strategic partnership to introduce a differentiated cannabinoid-based product line in Germany
LISBON, PORTUGAL, December 19, 2023 /EINPresswire.com/ — SOMAÍ Pharmaceuticals Unipessoal LDA (“SOMAÍ”), an EU-GMP European pharmaceutical and biotech company distributing cannabinoid-containing pharmaceuticals globally, announces a landmark three-year marketing & distribution agreement with Canify AG (“Canify”), a licensed pharmaceutical company focussing on medical cannabis. This partnership signifies SOMAÍ Pharmaceuticals’ strategic entry into the German market with a lucrative joint brand-building approach and marks Canify’s portfolio expansion into extracted cannabis products.
This partnership is anticipated to generate an estimated revenue of five million euros over its initial duration, capturing 10% of the German market. A co-branded SOMAÍ-Canify differentiated product line features various ratios of THC/CBD full-spectrum purified oral solutions derived from a single-strain indica non-irradiated premium cultivar. Manufactured and formulated using SOMAÍ Pharmaceuticals technology, the product portfolio is set to be the first of its kind on the German market, with multiple new product lines in plans to be added over the partnership duration. The products are specifically adapted for the German market and will be available for prescription through Canify’s unique distribution platform starting Q3 2024.
Michael Sassano, the Founder, and CEO of SOMAÍ Pharmaceuticals, stated: “The distribution partnership with Canify AG marks a pivotal moment for SOMAÍ Pharmaceuticals, as the entry into the German market serves as the first step in the evolution of our commercial strategy that is set to make SOMAÍ a leading global pharmaceutical brand focused on medical cannabis products. Our commitment to delivering high-quality, innovative medical cannabis products aligns perfectly with Canify’s proven distribution expertise. Together, we’re set to redefine patient care in Germany, embodying our dedication to quality, innovation, and patient well-being.”
Sascha Mielcarek, CEO of Canify AG, adds: “We are excited about entering the partnership with SOMAÍ. Together, we will pave the way for successfully establishing SOMAÍ’s high-quality products in our home market, Germany. With this collaboration, Canify now is in a position to address both relevant segments of the German medical cannabis market, i.e., both flowers and extracts, through its experienced commercial team and to eventually benefit the health of patients in need .”
About SOMAÍ Pharmaceuticals LDA.
SOMAÍ Pharmaceuticals is a large-scale EU-GMP manufacturer of cannabis products concentrating on the highest quality medical-grade pharmacological applications. The company invests in the extraction, research, development, formulation, and distribution of EU GMP-pharmaceutical market-authorized cannabinoid products. SOMAÍ is committed to revolutionizing healthcare through cannabis-based treatments. For more information, please visit SOMAÍ’s website.
Press Contacts:
Nataliia Garnina
Marketing Manager
hello@somaipharma.eu
Commercial Contact:
Anton Nakhodkin
Managing Director
hello@somaipharma.eu
About Canify AG
Canify AG is a licensed pharmaceutical company focussing on medical cannabis. Canify’s products are based on scientific data, high-end technology, and an ambition to help patients. Canify’s approach to sales and distribution is to make the Cannabis Business as easy and convenient as possible for pharmacies and wholesalers. Canify also offers tailor-made manufacturing and market access solutions for 3rd party collaborators, setting standards in terms of quality, production capacity, and delivery time. Canify’s manufacturing excellence meets the highest standards set by European GMP guidelines, so it can deliver transparency and traceability from the grow room to the patient. www.canify.com
Press Contacts:
Kathrin Konyen
Senior Manager Marketing and PR
press@canify.com
Commercial Contact:
Arne Wilkens
Chief Commercial Officer
kundenservice@canify.com
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BusinessCann SOMAÍ Pharmaceuticals Unipessoal LDA has received an innovative products grant of 2.7 million euros by the Portugal 2020 committee....
Projeto Nº POCI-02-0853-FEDER-179647
SOMAÍ Pharmaceuticals Unipessoal LDA has officially opened its new state-of-the-art pharmaceutical EU-GMP facility in Portugal.
EU: Cannabis company receives €2.7 million grant
MMJ Daily Somaí Pharmaceuticals has received a €2.7 million grant from the Portugal 2020 committee.
SOMAÍ Pharmaceuticals Erhält Im Rahmen Von Portugal 2020 Fördermittel In Höhe Von 2,7 Mio. Euro
TechiLive LISSABON, Portugal, Nov. 10, 2021 (GLOBE NEWSWIRE) — SOMAÍ Pharmaceuticals Unipessoal LDA hat vom Portugal 2020-Komitee Fördermittel für innovative...
SOMAÍ Pharmaceuticals bénéficie d’un financement de 2,7 millions d’euros de Portugal 2020
News Bit LISBONNE, Portugal, 10 nov. 2021 (GLOBE NEWSWIRE) — SOMAÍ Pharmaceuticals Unipessoal LDA a reçu une subvention pour produits...
Somai Pharmaceuticals: SOMAÍ Pharmaceuticals erhält im Rahmen von Portugal 2020 Fördermittel in Höhe von 2,7 Mio. Euro
Finanz Nachrichten LISSABON, Portugal, Nov. 10, 2021 (GLOBE NEWSWIRE) -- SOMAÍ Pharmaceuticals Unipessoal LDA hat vom Portugal 2020-Komitee Fördermittel für...
SOMAÍ Pharmaceuticals awarded €2.7M in funding from Portugal 2020 Grant
Yahoo Finance LISBON, Portugal, Nov. 10, 2021 (GLOBE NEWSWIRE) -- SOMAÍ Pharmaceuticals Unipessoal LDA has received an innovative products grant...
SOMAÍ Pharmaceuticals awarded €2.7M in funding from Portugal 2020 Grant
AP News LISBON, Portugal, Nov. 10, 2021 (GLOBE NEWSWIRE) -- SOMAÍ Pharmaceuticals Unipessoal LDA has received an innovative products grant...
SOMAÍ Pharmaceuticals awarded €2.7M in funding from Portugal 2020 Grant
Opera News LISBON, Portugal, Nov. 10, 2021 (GLOBE NEWSWIRE) -- SOMAÍ Pharmaceuticals Unipessoal LDA has received an innovative products grant...
SOMAÍ Pharmaceuticals awarded €2.7M in funding from Portugal 2020 Grant
Profiles in Legalization LISBON, Portugal — SOMAÍ Pharmaceuticals Unipessoal LDA has received an innovative products grant of 2.7 million euros...
SOMAÍ Pharmaceuticals bénéficie d’un financement de 2,7 millions d’euros de Portugal 2020
La Bourse Et La Vie LISBONNE, Portugal, 10 nov. 2021 (GLOBE NEWSWIRE) — SOMAÍ Pharmaceuticals Unipessoal LDA a reçu une...
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These Are The Cannabis Industry’s Biggest Tricks and Treats So Far
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Does Big Business Provide A Better Look Into Cannabis Reform Than Capitol Hill?
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Does Big Business Provide A Better Look Into Cannabis Reform Than Capitol Hill? Operators Believe So.
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CANNA WORLD EXPO EUROPEAN UPDATE SOMAI PHARMACEUTICALS CEO MICHAEL SASSANO
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SOMAÍ Pharmaceuticals Bringing The Future Of European Cannabis Market
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Benzinga Cannabis Capital Conference | February 25-26, 2021 | Michael Sassano
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Desert Oasis | Solaris Farms is capitalizing on a prime location and plenty of Nevada sunshine (page 58-61 November issue)
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Lawmakers Look to Include Cannabis Banking Reform in Next COVID-19 Stimulus Bill
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COVID-19 Is Leaving Its Mark On The Cannabis Industry, Insiders Say
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Why Cannabis Will Boom During the “New Normal”
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Cannabis Do-Gooders: These Companies Are Lending A Helping Hand Against COVID-19
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Cannabis Do-Gooders: These Companies Are Lending A Helping Hand Against COVID-19
Yahoo finance "Recently, in-order to give back to the community and create outward good will, Solaris Farms reduced pricing to...
Hemp Companies Step Up To Help During Pandemic
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Cannabis Pros Sound Off On How Coronavirus Pandemic Will Affect Industry
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CannaBusiness Tips For Coronavirus Times
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Cannabis Executives on Turbulent Markets: “Don’t Panic”
Equities “I’m a believer in letting the flood gates open. But I see things from a well established position. The...
Michael Sassano: the man bringing US cannabis know-how to Europe
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Michael Sassano: the man bringing US cannabis know-how to Europe
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Michael Sassano: the man bringing US cannabis know-how to Europe
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New Cannabis Products: Kiva’s Camino CBN Line, Solaris x Cannabis & Culture’s Line And A Topical Cream
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New Cannabis Products: Kiva’s Camino CBN Line, Solaris x Cannabis & Culture’s Line And A Topical Cream
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European Union Urges Member Nations to Vote for World Health Organization’s Cannabis Rescheduling Recommendations
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“Marijuana is a global trend that can no longer be stopped.”
Incrussia The largest marijuana market in Europe is now Germany ($100 million). The American market is estimated at about $10...
Which European Countries Cannabis Investors Should Watch in the New Decade
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‘Big Cannabis’ Technologically Ahead Of Its Times, But Post-Harvest Automation Remains Elusive
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U.S. leads in cannabis innovation, but cedes global market to Canada
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American pot is the gold standard. But Canada leads the export game — for now
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American pot is the gold standard. But Canada leads the export game — for now
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OZ WRITERS COUNCIL DIRECTORY
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Federal Court Orders DEA to Explain Inaction on Cannabis Cultivation Applications
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Federal Court Orders DEA to Explain Why It Has Ignored Cannabis Cultivation Applications
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