DK: Atlas Biotechnologies expands into Europe

A 170.000 sq ft facility featuring 36 individual climate-controlled grow rooms. That's what the Canadian company Atlas Biotechnologies wants to realise in Denmark. The project is called Atlas Growers Denmark A/S and will be realised using a finance lease of the assets of Egehøj Champignon.

According to the company, assets consist of a 170,000 sq. ft. facility located on Funen Denmark, which will serve as Atlas’ European base of operations for the development and production of medical cannabis-based products. Atlas retains the right to purchase the assets at a fixed price at any time for twenty years. "The property features 36 individual climate-controlled rooms, allowing for in-house cultivation of pharmaceutical grade cannabis flowers, as well as production of pure, extracted medical inputs, & GMP manufacturing of down-stream finished goods," the team with the company explains. "Individual microclimates can be tailored to the unique environmental demands of each specific medical cannabis cultivar, or plant variety."

Concurrent with the lease, Atlas has submitted a cultivation license with the Danish Medicine Authority. According to them, the first harvest is scheduled for early 2020. "With the vision of “creating the world’s most trusted cannabis products” and specialized approach to production, Atlas is taking a pharmaceutical path to ensure products are of consistent quality and efficacy," they further explain.

20,000 sqft facility
"Working with Novo Nordisk Engineering, Atlas has engineered a new 20,000 sq. ft. processing laboratory, which will meet European Union Good Manufacturing Practices (EU GMP) standards, the certification necessary for pharmaceutical manufacturing. "Kent Stenvang, CEO and Owner of Egehøj Champignonwill help strengthen the Atlas leadership team as Denmark Head of Operations. Kent brings over 30 years of experience in running a business with products in a competitive industry." In addition to that, Atlas intends to create over 100 new jobs within the region.

Sheldon Croome, Atlas President & CEO notes: “We have been seeking to expand our production base outside of Canada for some time and are pleased to have secured this high-impact opportunity. The rapidly emerging European medical cannabis market is primed for tremendous growth, and our Denmark expansion will provide Atlas a solid foundation to further serve our ever-growing client base of European buyers. We are excited to be planning one of the largest, most sophisticated indoor cultivation and GMP processing facilities in Europe, the next major frontier for medical cannabis legalization.”

Kent Stenvang added: “I am thrilled to become an integral member of the Atlas team and am consistently impressed by their biotech and pharmaceutical research focus in medical cannabis. This cultivation and processing expansion is projected to provide at least 50 local jobs, with over 100 hires expected by late-2020.”

For more information:
Atlas Biotechnologies
2170 - 10123 99 St NW 
Edmonton, AB T5J 3H1 
1-855-510-GROW (4769)    

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