Israeli medical cannabis company planning early Malta expansion

Israeli medical cannabis company, Panaxia, has announced a €6 million investment and is set to deepen its connection with Malta as it plans a further expansion to its local production plant – thus increasing its capital investment.

This was announced during a visit to Panaxia’s Ħal Far plant by Minister for the Environment, Energy and Enterprise Miriam Dalli. The company has just obtained the GMP license for the facility in Malta upon the completion of the first phase of investment and will export their first products to Germany in the coming weeks

 

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