Cannim Group has completed its merger with Medisun, one of Canada’s leading large-scale privately owned cultivators, and local patients are set to benefit. As a result of the agreement, Cannim will launch a Canadian flower product – a 25% THC Legendary Larry strain – as part of its Lumir range in the Australian market.
According to Cannim Chair, John Worton the new offering was just the beginning for the merged business. “Medisun are a top producer in Canada, recognised for their quality and distributed in this
key legal-use market.”
“Through our partnership, Cannim will offer those products for the benefit of patients here in Australia and Europe through our global sales network, while at the same time opening up distribution channels for our own products in the US and Canada.”
Cannim Chief Commercial Office Stuart Marsh said that the merger recognized the importance of partnerships in a rapidly evolving sector, and that commercial interest in the business – one of a handful of truly global cannabis companies – had increased dramatically
since the deal was announced.
“We’re experiencing an entourage effect, with other companies wanting to come on board and partner with the combined business.
“We’ve already signed a number of contracts to import Canadian flower into Europe, and we’re excited by the further potential to cross-sell our respective products into our newly expanded distribution channels.”
The merger came into effect on Tuesday 22 February (Canadian time), with the new leadership team meeting at the Medisun facility in Ontario to mark the occasion. Under the arrangement, Cannim will acquire more than 70% of all issued and outstanding shares of Medisun. The merged business will be headquartered in Sydney, while Medisun will continue to operate its business under its own brand name from Chatham, Ontario
For more information:
Cannim
www.cannim.com
Medisun
medisun.ca




Announcements
Job Offers
Top 5 -yesterday
- “I knew we needed Dutch expertise to start successful cannabis production in Thailand”
- Three things to consider before building a cannabis cultivation facility
- How do you choose the right mycorrhizal product for better business?
- US (CA): Governor Newsom moves forward proposal to simplify tax structure
- "This partnership will result in introduction of forward-thinking cultivars"
Top 5 -last week
- Aurora to shut down Aurora Sky facility
- “$13 million government grant shows trust in the NZ organic medicinal cannabis industry”
- US (OK): Tornado hits medical cannabis farm, nearly all 50 greenhouses destroyed
- “Third-party testing would prevent growers’ disappointment with the quality of their lights”
- Cultivating medical cannabis in South Africa: "High standards and costly, but profitable"
Top 5 -last month
Merger launches new Canadian cannabis flower into Australian market
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2022-05-16 Geysir glass: getting growers back in business with energy-saving single glass
- 2022-05-16 Spraying robot converted into a disinfection machine after mounting an extra reel
- 2022-05-16 NZ: "Medicinal cannabis has the potential to become one of NZ's largest export earners"
- 2022-05-16 “I knew we needed Dutch expertise to start successful cannabis production in Thailand”
- 2022-05-16 Danish grower delivers first product batch to the new market
- 2022-05-16 "This partnership will result in introduction of forward-thinking cultivars"
- 2022-05-13 Aurora to shut down Aurora Sky facility
- 2022-05-13 US (PA): Cannabis grower purchases $10 million facility, $15 million expansion underway
- 2022-05-13 “Our goal is to put together a North American platform to better serve growers”
- 2022-05-13 TerrAscend appoints Lynn Gefen as Chief Legal Officer
- 2022-05-13 US (RI): Medical cannabis grower gets dispensary license
- 2022-05-13 US (VT): Bringing robust safety compliance testing to Vermont's patients and consumers
- 2022-05-12 US (MA): Interim Chairman announced for the Cannabis Control Commission
- 2022-05-12 Kannaway welcomes Eric Glenn as Entrepreneur
- 2022-05-12 2Grow brings production and R&D in-house
- 2022-05-12 Clean seed and rapid germination – Zayndu presents new data at CEA 4.0
- 2022-05-12 "We now have the ability to pull an additional 60 new cultivars per year"
- 2022-05-12 Greenway Greenhouse provides medical access to cannabis through North 40
- 2022-05-11 Priva North America introduces Tyler Sarner
- 2022-05-11 "Every µmol counts when energy costs are dramatically rising"