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News analysis

New €5m factory in Portugal will export CBD across Europe and America

Written by || 11th September 2018 || News analysis | Companies | Technology and innovation | GeographiesEurope Portugal

The town of Nelas in north central Portugal is to be the site of a new CBD oil factory producing medicinal products extracted from cannabis sativa for export to America and within Europe.

The municipal council has signed an agreement with Endopure Lda, based in the northern Portuguese city of Guimarães, which grants the company 5000 square metres of public land on which to build a 2000 sq m “sophisticated industrial production unit for CBD oil”.

Endopure will invest €5m in the construction of the factory, which is expected to be in full production within a year. It expects to recoup that outlay by 2022, with exports mainly to the US, Brazil, Mexico, the UK and France.

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David Palacios

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