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Why You Need To Be Aware Of The Cannabis Opportunity In The EU!

Feb 1, 2023 • 9:27 AM EST
5 MIN READ  •  By Michael Berger
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Although most cannabis investors are focused on regulatory reform in the United States, we believe the opportunity in the European Union (EU) is flying under the radar.

For several years, we highlighted the progression of Germany’s cannabis industry and expect other countries in the EU to follow Germany’s lead.

During the last week, we read a few articles about France’s cannabis industry and want our readers to be aware of this emerging market. Germany is potentially creating the blueprint for modern national adult-use legalization in Europe, and France is one of the many countries that could benefit from this.

In January 2021, the French Agency for the Safety of Medicines and Health Products (ANSM) selected the companies that will supply France’s medical cannabis pilot program that’s intended to provide free products to patients enrolled in the trial.

Some of the best known companies that were selected included Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB) and Tilray Brands Inc. (Nasdaq: TLRY) (TSX: TLRY).

  • Tilray was selected to supply GMP certified medical cannabis products for experimentation in France. As part of the experiment, Tilray supplied products to serve patients for the duration of the experiment
  • Aurora was selected by the ANSM to supply medical cannabis to France during the pilot program. Several months after the program started, Aurora Cannabis completed its initial shipment of cannabis to the French medical cannabis pilot program.

France’s Council Issues Recommendation to Legalize Cannabis

A year after the research program started, France’s Economic, Social and Environmental Council issued a recommendation to enact an adult-use legalization measure. Although the council’s recommendation is not legally binding, it makes a very compelling argument for legalization, and we find this to be significant.

We believe the EU’s cannabis industry is barely in the first innings of a multi-year growth cycle and consider the commentary from the ANSM to be significant. Over the next year, we expect several EU countries to report important milestones for the legalization of cannabis and want our readers to be aware of this emerging market.

If you are interested in learning more about EU cannabis operators, please send an email to support@technical420.com with the subject “EU Cannabis operators” to be added to our distribution list.

 

Company Relationship Disclosure

T420 is responsible for the T420 opinions provided in this disclosure except all sources or information provided by other parties were not verified or authenticated and T420 does not undertake to confirm or substantiate or be responsible for such information provided by other parties.

Any Content posted regarding a Profiled Issuer is not a solicitation or recommendation to buy, sell or hold securities. We cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. All information should be independently verified. We are not responsible for errors or omissions in our publications, and any opinions expressed are subject to change, without notice. We do not, nor are we under any obligation to undertake due diligence or investigation or authenticate and verify whatsoever regarding Profiled Issuers or any Content posted in relation thereto and we do not receive any verification from the Profiled Issuer regarding the Content we disseminate. Similarly, while we endeavor to facilitate the provision of quality information, we are not responsible for any loss or damages caused or alleged to have been caused by its use nor verify or authenticate or update such information.

This article contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs regarding future performance are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “expects”, “does not expect”, “is expected”, “believes”, “intends”, “anticipates”, “does not anticipate”, “believes” or variations of these words, expressions or statements, that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, will occur or will be realized. Such forward-looking statements involve risks, uncertainties and other known and unknown factors that could cause actual results, events or developments to differ materially from the results, events or developments expected and expressed or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, dependence on obtaining and maintaining regulatory approvals, including the acquisition and renewal of federal, provincial, state, municipal, local or other licenses, and any inability to obtain all necessary government authorizations, licenses and permits to operate and expand the Company’s facilities; regulatory or policy changes such as changes in applicable laws and regulations, including federal, state and provincial legalization, due to fluctuations in public opinion, industry perception of integrative mental health, including the use of psychedelic-assisted therapy, delays or inefficiencies or any other reason; any other factor or development likely to hamper the growth of the market; the Company’s limited operating and profitability track record; dependence on management; the Company’s need for additional financing and the effects of financial market conditions and other factors on the availability of capital; competition, including that of more established and better funded competitors; the impact of the Russia-Ukraine conflict on the global economy; the continued impact of the COVID-19 pandemic; and the need to build and maintain alliances and partnerships, including with research and development companies, customers and suppliers. These factors should be carefully considered, and readers are cautioned not to place undue reliance on forward-looking statements. Despite the Company’s efforts to identify the main risk factors that could cause actual measures, events or results to differ materially from those described in forward-looking statements, other risk factors may cause measures, events or developments to materially differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company does not undertake to revise forward-looking statements, even if new information becomes available as a result of future events, new facts or any other reason, except as required by applicable laws

 

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Technical420.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

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