Canopy Growth Subsidiary's Medical Cannabis Vaporizers Certified Under New EU Device Regulations
Portfolio Pulse from Vuk Zdinjak
STORZ & BICKEL GmbH, a subsidiary of Canopy Growth Corporation (NASDAQ:CGC) (TSX:WEED), has announced that its VOLCANO MEDIC 2 and MIGHTY+ MEDIC vaporizers have been certified under the new EU Medical Device Regulations (MDR). The certification process was conducted by TÜV SÜD. The company plans to introduce the certified products to the market in August.
July 20, 2023 | 2:12 pm
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Canopy Growth's subsidiary has received certification for its medical cannabis vaporizers under new EU regulations, which could potentially increase its market share in the EU.
The certification of Canopy Growth's subsidiary's vaporizers under the new EU regulations could potentially increase its market share in the EU. This is because the new regulations are stricter, and having certified products could give the company a competitive edge. The planned introduction of the products to the market in August could also potentially boost the company's revenues.
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