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- Little Green Pharma (LGP) is awarded an Italian Government tender to deliver a shipment of medicinal cannabis flower from its Danish facility into Italy
- The shipment value of around €200,000 (around A$316,400) is not material, however with the award, Little Green Pharma has joined a small group of international cannabis producers qualified to supply cannabis flower medicines into Italy
- The company says the award builds on LGP’s growing momentum in European and UK markets, with Little Green Pharma now having supplied products into Germany, France, the UK and Denmark
- Meanwhile, the company says it’s continuing to progress product registration pathways into Greece and Poland
- Little Green Pharma shares last traded at 56 cents at 11:45 am AEDT
Little Green Pharma (LGP) has been awarded an Italian Government tender to deliver a shipment of medicinal cannabis flower from its Danish facility into Italy.
The shipment value of around €200,000 (around A$316,400) is not material, however with the award, Little Green Pharma has joined a small group of international cannabis producers qualified to supply cannabis flower medicines into Italy.
The Italian government tenders are said to impose some of the highest GMP product quality standards globally, with LGP one of only two suppliers bidding for the tender.
Little Green Pharma said this positions it well for future upcoming Italian Government tenders, due to Italy’s population of 60 million people and a total addressable market estimated at around $10 billion.
LGP said the shipment will be of historic inventory acquired as part of the company’s purchase of its Danish Facility from Canopy Growth.
The company said the Italian award builds on LGP’s growing momentum in European and UK markets, with Little Green Pharma now having supplied products into Germany, France, the UK and Denmark. The company said it is also continuing to progress product registration pathways into Greece and Poland.
Little Green Pharma shares last traded at 56 cents at 11:45 am AEDT.
