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Bloomwell Group Closes Multi-Million Euro Growth Capital Round With Leading US Venture Capital Investors

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FRANKFURT-based medical cannabis holding company Bloomwell Group (“Bloomwell,” “Bloomwell Group,” or the “Company”) has closed a significant multi-million Euro funding round led by Artemis Growth Partners (“Artemis”), a premier American investment fund specializing in impact investing across global cannabis markets.

Also participating in this latest funding round are existing seed investor, Measure 8 Venture Partners (“Measure 8”), along with a German family office investing in medical cannabis for the first time, and award-winning, Germany-born film actor Moritz Bleibtreu. Existing Bloomwell investors committed new capital as reinvestment in support of the offering. The terms of the multi-million Euro financing are undisclosed.

As part of the transaction, Artemis co-founder and managing member William Muecke has joined the Company’s advisory board and will serve alongside Bloomwell’s current board representatives. Mr. Muecke was previously the global co-head of healthcare services in the healthcare investment banking group at Goldman Sachs and Co. With over 30 years of experience in global financial markets, Mr. Muecke is an expert in corporate finance, mergers and acquisitions, and private equity investing.

The large size of the investment and the marquee name recognition of the institutional capital now joining Bloomwell’s investor group is a noteworthy endorsement of Bloomwell’s success to date, as well as a statement of confidence in Bloomwell’s management team, who has guided the Company to its leading market position in German medical cannabis.

This latest investment provides Bloomwell with a fully-funded business model and positions the Company to continue to both increase current market share as well as prepare the business for the expected upcoming federal legalization of adult-use cannabis in Germany.

“We are pleased to be one of the very few select businesses who have been able to close funding in what has been a very difficult period in the private capital markets. Indeed, we are humbled to not only have the continued support of our existing investors but also to have been able to attract new lead capital from such a highly reputable group as Artemis, which is a statement of confidence and vision that we accept and embrace,” said Niklas Kouparanis, Co-Founder and CEO of Bloomwell Group. “At Bloomwell, our patient-first approach and our unwavering quest for quality and service have guided us from inception to the leadership position we hold today in German medical cannabis. We believe it is this unrelenting spirit of quality and success that has attracted the world’s best cannabis investors to our company, and we are pleased to have a fully funded business with significant opportunity and growth ahead of us.”

“Germany is the most important European market for medical cannabis, and the country will become the world’s largest Federally-legal domestic cannabis market when adult-use cannabis sales begin. We are excited to join Nik and the team as investors and supporters of Bloomwell’s continued growth and success, and we believe that Bloomwell is the best-positioned independent German medical cannabis business operating today. We believe the leadership that Bloomwell has shown in the German market will translate into an expanding growth story across Europe, and we enthusiastically join the Company’s board to help guide the Company on its path forward. Among all global markets, Europe is the future for patient service, adult use access, and stigma-free acceptance of cannabis, and Germany is the engine powering the train in terms of responsible regulation, durable codification, and profitable growth in legal cannabis.” said Mr. Muecke.

Alongside Artemis, a leading German family office has taken a meaningful ownership stake in Bloomwell and will bring its industrial non-cannabis network, and its operational and financial expertise to enhance and accelerate Bloomwell’s growth.

In addition, Moritz Bleibtreu is investing in the round and will also work alongside Bloomwell Group to advocate for the continued de-stigmatization of medicinal cannabis.

“Although the potential of the cannabis plant is far from being fully understood, there is now sufficient evidence to justify legalization and expanding consumer access. The cannabis plant can help many people advance their wellness goals. We should stop pigeonholing a plant on the basis of decades of antiquated prejudices,” said Mr. Bleibtreu, who is one of Germany’s most successful actors. Mr. Bleibtreu is a well-known German actor and public personality who achieved fame for his roles in classic movies such as Run Lola RunThe ExperimentLammbock – Alles in HandarbeitElementarteilchen and Der Baader Meinhof Komplex. Mr. Bleibtreu received a Germany Television Award (The Deutscher Fernsehpreis) last year for his performance in the series Faking Hitler.

“We are very pleased that Moritz Bleibtreu, an accomplished actor with an international reputation, is joining our mission and offering financial support as we work to end the decades-long stigma of the cannabis plant and cannabis consumers. We can only succeed in changing public perceptions if we involve courageous personalities in the public discourse who will help to educate, promote the plant’s potential benefits, and strengthen the spirit of the cannabis community,” added Mr. Kouparanis.

Source https://businesscann.com/bloomwell-group-closes-multi-million-euro-growth-capital-round-with-leading-us-venture-capital-investors-and-award-winning-actor-moritz-bleibtreu/



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Akanda Corp. Announces Closing of the Sale of RPK to Somai

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London, United Kingdom–(Newsfile Corp. – April 11, 2024) – On April 1, 2024, Akanda Corp. (NASDAQ: AKAN) (“Akanda” or the “Company”), an international medical cannabis company, completed the transaction with SOMAÍ Pharmaceuticals Ltd. (the “Buyer”) for the sale of RPK, its indirect wholly-owned Portuguese subsidiary.

Pursuant to the provisions set forth in the definitive share purchase agreement, the cash purchase price is Two Million United States Dollars (USD $2,000,000). In addition SOMAÍ is assuming up to One Millions Euros of current liabilities and RPK’s debt with the senior secured lender Bank, Caixa Agricola. In total the Buyer is assuming approximately 4,000,000 Euros of debt. In accordance with the terms of the proposed transaction, a deposit amounting to Five Hundred Thousand United States Dollars (USD $500,000) was released from a joint escrow account and the remainder of the purchase price was paid directly to the Company.

Akanda Corp. is now in a stronger financial position and will continue to strengthen its presence in the global cannabis market through its wholly-owned United Kingdom (UK) subsidiary, Canmart. Canmart is a licensed importer and distributor of Cannabis-Based Products for Medicinal use (CBPMs) in the UK. and provides third party and specialist import and distribution services for Schedule 2 products including CBPM’s. Canmart continues to work further with premium product suppliers to bring safe, effective and required products to market that patients demand, and working with existing and new clinical cannabis operations in the UK to provide third party products. Beyond its operations in the UK, Akanda is also developing the Gabriola Green Project in British Columbia, Canada. This farming property is set to host facilities for the production of tetrahydrocannabinol (THC) and cannabinoid (CBD) products, reflecting the Company’s commitment to expanding its footprint and advancing its projects across both Europe and North America. The Company has initiated the regulatory framework to begin CBD cultivation with a future outlook towards THC.

Interim CEO and Executive Director, Katie Field commented, “Akanda is in a strong position to execute a new sustainable strategic direction. The company is in a better cash position and has eliminated most of its debt. We are looking forward to the Company’s anticipated growth.”

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Company’s securities, nor shall there be any sale of such securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.



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Press Release: Lyphe Group and Boveda INC. Forge Partnership for UK Medical Cannabis Patients

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Lyphe Group (“Lyphe”), one of the UK’s leading medical cannabis companies, is pleased to announce an innovative partnership set to enhance the way patients receive their medical cannabis prescriptions.

In an industry first, Lyphe’s dispensing pharmacy Dispensary Green has partnered with Boveda Inc. (“Boveda”), the global leader in 2-way humidity control, to empower patients to keep their cannabis prescriptions in optimal condition.

As part of the partnership, Dispensary Green will include complimentary Boveda packs with all medical cannabis flower prescriptions. Dispensary Green and Boveda will also work together to educate patients on how to preserve the freshness of their medication and identify key quality markers.

Nick Pateras, CEO of Lyphe Group, said: “This partnership exemplifies our commitment to supporting patients’ rights for the highest quality medical cannabis.

“Our ambition to deliver a best-in-class patient experience has led us to identify several opportunities for standout patient care, and our relationship with Boveda is the first of these initiatives. We understand the importance of patients’ medicine being at its freshest and most effective for the conditions they are treating.”

Benjamin Patock, Head of International Relations at Boveda Inc., adds: “Proper humidification is one of the most pressing global challenges in cannabis care today, especially since it extends beyond the point of sale into patients’ homes – and therefore beyond the direct control of producers, clinics, and pharmacies.

“It is a pleasure to see medicinal pioneers such as Lyphe Group taking this extra step towards a flawless patient experience by embracing our patented technology. We are looking forward to a great partnership!”



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ElixinolSkin cosmetics return to UK

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Acclaimed Global CBD brand, Elixinol, is making a highly anticipated return to the UK market thanks to a partnership with BRITISH CANNABIS™.

This exciting development was made possible by the 2022 licensing and distribution agreement entered into with BRITISH CANNABIS™ a leading UK-based company.

With this strategic partnership in place, customers in the UK can look forward to experiencing the exceptional quality and purity of Elixinol’s CBD products, which have been meticulously crafted using the finest ingredients and industry-leading production techniques. 

“As the trusted regional partner of Elixinol, we are thrilled to be able to bring you a range of cosmetics that not only enhances your skin’s natural radiance but also promotes overall well-being”, commented BRITISH CANNABIS™ Marketing Director, Steve Batchelor.

New partnership sees revamped ElixinolSkin cosmetics return to UK



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