Clever Leaves Holdings Inc. CLVR CLVRW announced that its Colombian flower is now available to patients in Australia through a partnership with Australian Natural Therapeutics Group (ANTG).
The products are available to medical patients in Australia under ANTG’s “Global Selects” brand portfolio.
“As Australia’s medical market continues to grow, working with ANTG marks a significant milestone for us," Clever Leaves CEO Andrés Fajardo said. "We are committed to facilitating access to our Colombian flower for those seeking to enhance their quality of life through medicinal products cultivated in our country."
Clever Leaves' working relationship with ANTG "has been exceptional," Fajardo added.
ANTG's commitment to research, certified quality standards, and distribution capabilities, are "all in line with our goal to produce the highest quality, cannabinoid-based products for medical patients worldwide.”
In Australia, medical cannabis is used to treat thousands of patients each year for conditions including anxiety, inflammation, seizures, and pain management. According to official data from the Therapeutic Goods Administration, in 2022 there were 319,000 reported patients, while in 2021 this number was 150,000. Additionally, interest in local clinical research to test the efficacy of cannabinoid products for numerous medical conditions is increasing. Current research areas include sleep apnea, PTSD, cancer, depression, and dementia, among others.
Price Action: Clever Leaves shares were trading 7.22% higher at $0.2198 per share at the time of writing Wednesday morning.
Benzinga Cannabis Capital Conference
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.