SCOTLAND-based medical cannabis cultivation and extraction business Hilltop Leaf has announced a new supply deal with Australian medical cannabis firm Little Green Pharma (LGP), Business of Cannabis can reveal.
The development is a major step forward for the company, which was recently at the centre of the UK’s first parliamentary debate on medical cannabis in the UK, meaning that it has ‘officially commenced trading in the UK’.
It comes just months after Hilltop secured £2m in private investment, enabling it to scale its operations and accelerate its path to revenue generation in the UK.
With a licence to ‘import, store and supply finished CBPMs in the UK’ and a recently completed 11,000 square metre cultivation and production facility, the company is poised to become one of the new wave of UK cannabis companies driving to replace the country’s reliance on medical cannabis imports with domestic supply.
New supply deal
Hilltop has signed a new two-year supply agreement with LGP, which will see it begin importing finished products from the latter’s facilities in Denmark to the UK.
It will now begin distributing LGP’s imported flower to a ‘UK-based pharmacy and clinic partner whom we’re working with’.
According to the company, LGP’s products are one of its ‘early portfolio releases’, and will eventually form part of a much wider-ranging product offering from the company.
While the company’s ultimate goal is to become one of the few UK-based companies to ‘deliver medicines and support to UK patients and help reduce the country’s reliance on imports’, this distribution operation will crucially enable the company to begin trading in the UK for the first time since its inception in 2019.
“Such imported products will complement our own produced product when online and help us work towards a reliable supply chain, meeting growing patients’ needs in the UK.
“Our respective Quality Management teams have worked tirelessly, including onsite audits, to get this agreement over the line. This announcement is the start of a new chapter as HTL has officially commenced trading in the UK.”
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