Cannabis In Europe: From Marijuana Busts To New Industry Partnerships, Here’s What’s New In Poland, Greece And UK
New Polish And Portuguese Hemp Partnership
Hemp&Health (WSE: HMP), a Polish medical cannabis company, agreed to acquire a 5% stake in the Portuguese company Hibisco Discreto, which owns the Voyager Genetics brand, reported Business of Cannabis. The shares were bought for €20,000 ($22,065).
Under the deal, Hemp&Health, which is listed on the Warsaw Stock Exchange, has the option to acquire an additional 5% of the shares for the same price within six months following the date of the transaction.
Voyager Genetics focuses on researching innovative genetics, crossbreeding medical cannabis to create new strains, and collaborating with licensed pharmaceutical growers to supply clones to other licensees.
Meanwhile, the Polish Public Opinion Research Center (CBOS) recently revealed that 73.4% of Poles support the decriminalization of cannabis. Moreover, a significant rise in the demand for medicinal cannabis has been evidenced over the past few years.