Further Media Reports Suggest Australian Medical Cannabis Going South

If we were talking investor speak we’d be saying “facing challenges”, the reality as in markets such as Canada and the US is that the chickens are coming home to roost. Create a cartel (however informal) and eventually it will unravel

 

Here’s two further headlines from cannabiz this week that illustrate the sooner proper federal legislation is in play for adult use cannabis the better. 

Cannatrek quits AMCA after facing suspension

Cannatrek has resigned from AMCA – just before its membership was suspended – as the fall out continues over the record fines handed out by the TGA for alleged advertising breaches. READ MORE>>

Rescue package drawn up to save Tikun Oceana from liquidation

Under a Deed of Company Arrangement submitted by an unnamed party and recommended by administrators, a fund of close to A$1 million could save the business from liquidation. READ MORE>>

Also, brand name changes and so on and so forth

Creso to rebrand as Ben Quirin joins board

Creso Pharma is to change its name to Melodiol Global Health Limited in a move it says will better articulate the diverse make-up of the company and reflect its international ambitions. READ MORE>>

And we also saw this this morning which suggests to us that all is not well at MediCann Health

This email from

Adam Isaac Miller

A different type of newsletter.

 

Hello to everyone who takes the time to read my newsletter. Today I’m sending a different type of newsletter to the community to raise awareness about a group that I’d like to support.

Some of you may be aware of a crowdfunding campaign that is currently active for MediCann Health. I have no personal investment within the group, but I love what they are doing as a business. As such, I offered to share information on the groups raised in the newsletter.

A little bit about the business – as written by the founder.

MediCann Health has a goal to improve the quality of life of people in need by using reliable and affordable cannabis products and I feel we are doing just that! At MediCann, we have created a cannabis ecosystem that has various products and services. These include our cannabis medicines under the Maali and Ananda brands that are available through prescription, our over-the-counter food and wellness products under the Hemp Brothers and EndoScent brands, and MediCann Clinics which is one of the most affordable cannabis clinics in Australia that offers both telehealth appointments for patients Australia wide and we have recently opened our doors to our first in-person clinic in Perth.

We are currently going through a crowdfund through Birchal where people can invest for as little as $250 and we are proud to say that we smashed our minimum target of $250,000 in only 1 hour and are looking to raise a maximum of $2,000,000. These funds will be going towards more cannabis medicines to keep up with the existing demand, we will be adding more products such as new cannabis flowers and oils to our range, increasing our marketing and sales capabilities, and will continue our clinical trial on concussion and will look into new areas such as Motor Neurone Disease and Parkinson’s Disease, 2 areas that I have seen amazing results for in the past.

Please watch our short video that goes through what we are doing and check out the offer document that goes through the business and our financials in much more detail. We are very excited to open this offer up to the public and look forward to hearing your thoughts!

You can click here to find out more

Many thanks!

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