Stenocare, a Danish company specialising in the cultivation and distribution of medical cannabis, has announced that it has received approval from The Danish Medicines Agency to sell a new THC/CBD medical cannabis oil product to Danish patients.
This is considered an important milestone for the company towards doubling sales and achieving break-even in 2024.
Dedicated to supplying prescription-based medical cannabis products for patient treatment, Stenocare is the only European company with a proven track record in delivering such products across Denmark, Norway, Sweden, the UK, Australia and Germany.
With the new THC/CBD medical cannabis oil product, Stenocare solidifies its position as the pioneer and leading supplier for the Danish Pilot Programme.
The new product is called “THC/CBD Olie STENOCARE” and contains 15 mg/mL THC and 24 mg/mL CBD.
It has been examined by The Danish Medicines Agency for compliance with the Danish Pilot Programme and its strict quality standards.
After a very thorough process, the product has now been accepted into the Danish Pilot programme and will be available soon as prescription-based medicine for patients in Denmark pending international import/export certificates and logistics.
When looking at data from the Danish Health Data Authority, there is a strong correlation between number of patients and availability of Stenocare oil products.
With the new THC/CBD oil introduction, the company is now – once again – able to offer a full product line of medical cannabis oil products, equal to that of 2018-2019.
Based on the historic insight it is expected that the number of patients will grow further in the coming years.
Stenocare has guided that sales may double in 2024 and that break-even is within reach by the end of the year. Having the full product line is a key assumption behind this guidance.
Thomas Skovlund Schnegelsberg, CEO of STENOCARE comments: “We are pleased with and proud about our continued leadership role in the Danish Pilot Programme. As the sole provider of three different full spectrum medical cannabis oils, ranging from high-THC to high-CBD and now a mixed THC-CBD, we demonstrate our regulatory capabilities and commitment to meeting the strict quality standards from the Danish Medicines Agency.”
