Little Green Pharma takes delivery of first cannabis flower shipment from new Danish growing facility

CANNANNEW REPORT

Perth-based medicinal cannabis producer Little Green Pharma (ASX: LGP) has taken delivery of the first shipment of cannabis flower medicines from its new growing facility in Denmark. The company imported approximately 50 kilograms of “Billy Buttons” THC (tetrahydrocannabinol) flower, approximately two months after finalising the $21.4 million acquisition. Named after an Australian wildflower, the medicine has a THC content of 16% and is available for sale in 15g packs through pharmacies nationwide. It has been is grown under Good Agricultural and Collection Practices (GACP), manufactured under EU Good Manufacturing Practices (EU GMP), and conforms with Therapeutic Goods (TGO 93) Order 2017. Little Green Pharma is expecting two further shipments of cannabis flower medicines from Denmark totalling approximately 65kgs to arrive before end October. Dried flower medicine sales in Australia have seen an increase in demand as doctors become more comfortable with the method of administration. Cannabis flower is frequently prescribed as a breakthrough pain treatment or to assist with sleep, due to its rapid onset of therapeutic benefit. Milestone achievement Managing director Fleta Solomon said the first shipment within two months of the Danish facility’s acquisition was a “milestone achievement” for the company. “To be able to meet all the regulatory requirements to supply and import product within a short timeframe is consistent with our reputation as a leading global medicinal cannabis business,” she said. “Flower medicines are becoming increasingly popular with Australian doctors for their quick onset of effects and with access to this Denmark-grown product, we are able to provide a new supply chain of high-quality, medicinal cannabis flower in an under-supplied market.” Key appointments Little Green Pharma has appointed Morten Snede and Tony Roberts to the key roles of chief financial officer and group general manager (European Union) respectively. Mr Snede brings more than 20 years experience from various…

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