This is the first and important regulatory step and allows the Company to enter a detailed planning phase whereby it will identify the site, variety, and protocols required for production.
Among patients and healthcare professionals, there is an increasing awareness about the benefits of medical cannabis for a variety of ailments.
The license has been awarded for five years with an option to renew, and the entire project will be subject to strict controls and compliance regulations.
“This approval lays the foundation for Amatheon Agri’s entry into a highly lucrative future industry,” says Founder and CEO of Amatheon Agri Holding N.V., Mr. Carl Heinrich Bruhn.
Amatheon Agri established its subsidiary in Zimbabwe in 2014 and has engaged various Joint Ventures in the country since.
During Mr. Bruhn’s recent visit to Zimbabwe, he met with Honourable Vice President and Minister of Health, Dr.
Amatheon Agri’s priority remains expanding its business with products that generate a high contribution margin, primarily in the export market.
The cultivation of these products has already begun, with trials for coriander, garlic, ginger, turmeric and cumin simultaneously in progress.
Amatheon guarantees offtake through a contract farming agreement, whereby the farmers receive a fixed buying price pegged to the US Dollar and then markets the products regionally and internationally.
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