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NASDAQ FIRST NORTH GROWTH MARKET, DENMARK, TICKER: STENO
For release November 29, 2021
STENOCARE comments on the business perspective of its Danish indoor cultivation facility
In today's video (Video 4), STENOCARE explains that with the completion of their Danish indoor cultivation facility, the Company now has capacity to cover its expected supply needs for the next 4-5 years, corresponding to potential annual commercial value of DKK 150 mill from the facility alone. This assessment does not include the potential for additional commercial value from imported products.
Following the completion of the Danish facility upgrade, STENOCARE has shared three video tours from inside the facility. The tours demonstrate how the indoor facility is created as a building inside a building to optimize control of the climate and minimize potential risk of contamination. This is critical to be able to supply pharma-grade materials for medical cannabis products and to comply with the strict requirements from the medicine agencies.
Full control over product supply: The indoor cultivation facility is in operation today and requires no additional major investments to deliver premium quality medical cannabis materials. The facility is designed and able to cover STENOCARE's entire capacity needs for the next 4-5 years - even if it is decided not to leverage capacity from STENOCARE's product suppliers. This means that the Company has complete control of the supply situation, of
course subject to having the necessary approvals and licenses.
Capacity to create a large European market leader: Based upon a continuation of the current market price levels for medical cannabis oil products, and assuming production is at full capacity, then the potential annual commercial value from the STENOCARE's facility alone corresponds to a value of around DKK 150 million. Please notice that this should not be seen as a forecast or guidance for 2022 or 2023.
Agile and designed to scale: Most European markets are in their infancy and will only be able to generate small scale demand in the near term. At the same time, most industry experts agree that STENOCARE's European home market will become the world's biggest market for medical cannabis. In anticipation of this built up of demand, the indoor facility has been uniquely designed to cope with anything from small orders to large consistent supply. Also, with its
strategic suppliers, STENOCARE is able to adapt to market growth beyond its own cultivation facility and will be able to offer a broad product portfolio for patient's treatment.
The STENOCARE video sequel to date
• Video 1: The indoor facility design with strict climate control to minimize risk of contamination
• Video 2: The fully automated water- and fertilizer area to secure uniform grow conditions
• Video 3: The computer-controlled flower room with 24/7/365 surveillance and data capture
• Video 4 (latest): The business perspective for the Danish indoor cultivation facility
All videos can be viewed on
• the company's investor homepage under the NEWS menu (https://stenocare.com/investor-relations/)
• on Facebook (https://www.facebook.com/stenocare)
For additional information regarding STENOCARE, please contact:
Thomas Skovlund Schnegelsberg, CEO Phone: +45 31770060 E-mail: presse@stenocare.com
For release November 29, 2021
STENOCARE comments on the business perspective of its Danish indoor cultivation facility
In today's video (Video 4), STENOCARE explains that with the completion of their Danish indoor cultivation facility, the Company now has capacity to cover its expected supply needs for the next 4-5 years, corresponding to potential annual commercial value of DKK 150 mill from the facility alone. This assessment does not include the potential for additional commercial value from imported products.
Following the completion of the Danish facility upgrade, STENOCARE has shared three video tours from inside the facility. The tours demonstrate how the indoor facility is created as a building inside a building to optimize control of the climate and minimize potential risk of contamination. This is critical to be able to supply pharma-grade materials for medical cannabis products and to comply with the strict requirements from the medicine agencies.
Full control over product supply: The indoor cultivation facility is in operation today and requires no additional major investments to deliver premium quality medical cannabis materials. The facility is designed and able to cover STENOCARE's entire capacity needs for the next 4-5 years - even if it is decided not to leverage capacity from STENOCARE's product suppliers. This means that the Company has complete control of the supply situation, of
course subject to having the necessary approvals and licenses.
Capacity to create a large European market leader: Based upon a continuation of the current market price levels for medical cannabis oil products, and assuming production is at full capacity, then the potential annual commercial value from the STENOCARE's facility alone corresponds to a value of around DKK 150 million. Please notice that this should not be seen as a forecast or guidance for 2022 or 2023.
Agile and designed to scale: Most European markets are in their infancy and will only be able to generate small scale demand in the near term. At the same time, most industry experts agree that STENOCARE's European home market will become the world's biggest market for medical cannabis. In anticipation of this built up of demand, the indoor facility has been uniquely designed to cope with anything from small orders to large consistent supply. Also, with its
strategic suppliers, STENOCARE is able to adapt to market growth beyond its own cultivation facility and will be able to offer a broad product portfolio for patient's treatment.
The STENOCARE video sequel to date
• Video 1: The indoor facility design with strict climate control to minimize risk of contamination
• Video 2: The fully automated water- and fertilizer area to secure uniform grow conditions
• Video 3: The computer-controlled flower room with 24/7/365 surveillance and data capture
• Video 4 (latest): The business perspective for the Danish indoor cultivation facility
All videos can be viewed on
• the company's investor homepage under the NEWS menu (https://stenocare.com/investor-relations/)
• on Facebook (https://www.facebook.com/stenocare)
For additional information regarding STENOCARE, please contact:
Thomas Skovlund Schnegelsberg, CEO Phone: +45 31770060 E-mail: presse@stenocare.com
30/11 2021 21:31 Helge Larsen/PI-redaktør 099036 STENOCARE sign supply agreement with AgMedica Bioscience Inc
STENOCARE A/S
NASDAQ FIRST NORTH GROWTH MARKET, DENMARK
TICKER: STENO
STENOCARE A/S ("STENOCARE") hereby announce that the company has signed a new agreement to source medical cannabis products from the Canadian company AgMedica Bioscience Inc ("AgMedica"). STENOCARE and AgMedica is already working with relevant health authorities to have their products made available for distribution.
STENOCARE is a supplier of prescription-based medical cannabis products for patients' treatment. The company has experience delivering prescription-based medical cannabis products for patients in Denmark and Sweden. Together with AgMedica the company will now commence the process with relevant health authorities to make their products available for patients in several markets.
AgMedica Bioscience Inc., a licensed producer of cannabis based in Chatham, Ontario, Canada, is committed to becoming a global leader in the development and commercialization of cannabis and cannabis-derived products. The company is evolving with the cannabis industry by focusing its efforts on the development and commercialization based on a pharmaceutical mindset, international quality certifications and high-quality products. Every product goes through an over 600-step quality assurance process in their indoor cultivation and production facility.
STENOCARE and AgMedica have worked closely together to pre-qualify their products and cultivation and production methods. STENOCARE and AgMedica has started the work to make products commercially available with STENOCARE's distribution setup.
Thomas Skovlund Schnegelsberg, CEO of STENOCARE is commenting:
"Today we realize yet another important milestone in our STENOCARE 2.0 growth plan with the announcement of our partnership with AgMedica. AgMedica has a proven track record within medical cannabis in Canada and internationally, and the new supply agreement will source premium products for new markets that we plan to start serving together in 2022."
Dr. Trevor Henry, CEO of AgMedica:
"We are delighted to partner with STENOCARE and this is a further important step in our strategy of developing robust and sustainable international sales channels. We are convinced that our unwavering commitment to high-quality products will result in the future expansion of the international cannabis market for both AgMedica and STENOCARE."
For additional information regarding STENOCARE, please contact:
Thomas Skovlund Schnegelsberg, CEO Phone: +45 31770060 E-mail: presse@stenocare.com
STENOCARE's Certified Adviser is Keswick Global AG, Phone: +43 1 740 408045, E-mail: info@keswickglobal.com
STENOCARE A/S
NASDAQ FIRST NORTH GROWTH MARKET, DENMARK
TICKER: STENO
STENOCARE A/S ("STENOCARE") hereby announce that the company has signed a new agreement to source medical cannabis products from the Canadian company AgMedica Bioscience Inc ("AgMedica"). STENOCARE and AgMedica is already working with relevant health authorities to have their products made available for distribution.
STENOCARE is a supplier of prescription-based medical cannabis products for patients' treatment. The company has experience delivering prescription-based medical cannabis products for patients in Denmark and Sweden. Together with AgMedica the company will now commence the process with relevant health authorities to make their products available for patients in several markets.
AgMedica Bioscience Inc., a licensed producer of cannabis based in Chatham, Ontario, Canada, is committed to becoming a global leader in the development and commercialization of cannabis and cannabis-derived products. The company is evolving with the cannabis industry by focusing its efforts on the development and commercialization based on a pharmaceutical mindset, international quality certifications and high-quality products. Every product goes through an over 600-step quality assurance process in their indoor cultivation and production facility.
STENOCARE and AgMedica have worked closely together to pre-qualify their products and cultivation and production methods. STENOCARE and AgMedica has started the work to make products commercially available with STENOCARE's distribution setup.
Thomas Skovlund Schnegelsberg, CEO of STENOCARE is commenting:
"Today we realize yet another important milestone in our STENOCARE 2.0 growth plan with the announcement of our partnership with AgMedica. AgMedica has a proven track record within medical cannabis in Canada and internationally, and the new supply agreement will source premium products for new markets that we plan to start serving together in 2022."
Dr. Trevor Henry, CEO of AgMedica:
"We are delighted to partner with STENOCARE and this is a further important step in our strategy of developing robust and sustainable international sales channels. We are convinced that our unwavering commitment to high-quality products will result in the future expansion of the international cannabis market for both AgMedica and STENOCARE."
For additional information regarding STENOCARE, please contact:
Thomas Skovlund Schnegelsberg, CEO Phone: +45 31770060 E-mail: presse@stenocare.com
STENOCARE's Certified Adviser is Keswick Global AG, Phone: +43 1 740 408045, E-mail: info@keswickglobal.com
