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News analysis

Kanabo switches its emphasis towards cannabis prescribing and dispensing

Written by || 29th June 2022 || News analysis | Cannabis – medical | GeographiesEurope United Kingdom

UK-based medical cannabis company Kanabo will look to focus on “last mile assets” such as dispensing and prescribing as it responds to changing market conditions. That change of emphasis, announced during the company’s presentation of its 2021 year end results, is reflected in recent acquisition activity.

But the £36m purchase of Materia, a processor and distributor of medical cannabis and CBD wellness products, that had been in the works for about a year, has been scrapped in favour of a strategic partnership.

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Antonia Di Lorenzo

Assistant news editor/senior reporter
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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