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IN BRIEF: Ananda Developments hails medical cannabis progress

Fri, 14th Apr 2023 07:50

Ananda Developments PLC - London-based medical cannabis company - On Thursday notes that DJT Plants Ltd's preparation for the construction of a medical cannabis flower processing facility is "well underway". Further, says MRX Medical Ltd's first cannabidiol cannabis oil MRX1 will be launched commercially in June, with two medical cannabis clinics agreeing in principle to prescribe it.

Ananda CEO Melissa Sturgess says: "It is no coincidence that we are now in a position to launch medical cannabis oils and getting close to constructing our medical cannabis flower processing facility, at the same time as Prohibition Partners, one of the leading industry commentators, predicts that the UK will become the second largest medical cannabis market in Europe this year."

Current stock price: 0.65 pence per share

12-month change: up 41%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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