Cannovum Cannabis AG Launches an Exclusive Partnership to Support Over 500 Cannabis Clubs in Germany

Cannovum Cannabis AG recently announced a significant development in the cannabis sector, particularly in relation to the cultivation and distribution of cannabis through an exclusive alliance. Following the legalization of cannabis by the Bundestag, the company has positioned itself to leverage this opportunity by creating a cultivation alliance with some of the largest agricultural and horticultural companies in Germany. This partnership aims to supply more than 500 cannabis clubs with cultivation areas and services.

This alliance, facilitated through Cannovum Cannabis AG's subsidiary, Anbau-Allianz für Deutschland GmbH, offers a comprehensive solution that includes over 16.5 hectares of greenhouse space, 100 hectares of open land, and 2,000 hectares of agricultural area. These resources are tailored to meet the needs of cannabis clubs, providing them with high-quality cultivation spaces equipped with the necessary technology and safety measures to ensure compliance with legal standards. Clubs benefit from an all-inclusive monthly rental and service fee, facilitating their operation without significant initial investments.

With the recent Cannabis Act enabling clubs to supply their members with regulated amounts of cannabis, there is a clear growth opportunity. Cannovum Cannabis AG estimates substantial annual revenue potentials per club, based on current market prices. The company's unique market position is expected to attract investors and contribute significantly to the growth of the German cannabis market. The partnership includes notable companies and institutions, strengthening Cannovum Cannabis AG's commitment to innovation and excellence in the cannabis industry.