These 3 Cannabis Companies Hold Cultivation Licenses In Germany: A ~$1.8B Market Opportunity?
Portfolio Pulse from Javier Hasse
Germany's cannabis market is growing rapidly, with Tilray Brands Inc. (NASDAQ:TLRY), Aurora Cannabis Inc. (NASDAQ:ACB), and Demecan emerging as key players in domestic cultivation. The market is projected to reach €1.7 billion ($1.86 billion) by 2025. These companies are strategically positioned to capitalize on the increasing demand for medical cannabis in Germany.
August 12, 2024 | 8:55 pm
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Aurora Cannabis Inc. has a strong presence in Germany with its GMP-certified facility in Leuna. The company is poised to benefit from the expanding medical cannabis market in Germany, producing around 1,000 kg of medical cannabis annually.
Aurora's established cultivation facility and focus on research and development ensure it remains competitive in Germany's expanding medical cannabis market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Tilray Brands Inc. is a leading player in Germany's cannabis market, operating through its subsidiary Aphria RX GmbH. With a comprehensive cultivation license, Tilray is well-positioned to meet the growing demand for medical cannabis in Germany.
Tilray's comprehensive cultivation license and established operations in Germany position it as a major supplier in the growing medical cannabis market, which is expected to reach €1.7 billion by 2025.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90