German Cannabis Producer DEMECAN Receives Cultivation License Under Legalization Program, Sees Strong Revenue Growth (Updated)
Portfolio Pulse from Nina Zdinjak
German cannabis producer Demecan has been granted the right to grow unlimited amounts of medical cannabis under new German cannabis laws. Canadian companies Tilray Brands (NASDAQ:TLRY) and Aurora Cannabis (NASDAQ:ACB) have also obtained new cultivation licenses in Germany. The new legislation is expected to drive significant revenue growth and innovation in the cannabis sector.
July 29, 2024 | 3:28 pm
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Aurora Cannabis has also secured a new cannabis cultivation license in Germany, which is expected to enhance its production capabilities and drive revenue growth.
Aurora Cannabis's new cultivation license in Germany will enable it to increase production and meet the rising demand, likely leading to revenue growth and a stronger market presence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tilray Brands has obtained a new cannabis cultivation license in Germany, which is expected to drive revenue growth and expand its market presence in Europe.
Tilray's new cultivation license in Germany allows it to expand its production and meet growing demand, which is likely to positively impact its revenue and market position.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80