TORONTO, June 20, 2018 (GLOBE NEWSWIRE) — Maricann Group Inc. (CSE:MARI) (FRANKFURT:75M) (OTCQB:MRRCF) (“Maricann” or the “Company) is pleased to provide the following update with regards to the Company’s European operations.
Given the rapid expansion of the European Medical Cannabis Market, the recent additions to Maricann’s European management team and the expanded ability to complete medical testing in Europe, Maricann intends to now centre its medical cannabis research and development operations in Germany.
Maricann is also pleased to announce the addition of Morten Lars Brandt in the role of General Manager, Europe. Mr. Brandt is an experienced pharmaceutical executive, with a broad range of experience in progressively senior roles at life sciences company, Norgine; including Vice President Medium Sized Markets, Vice President, and General Manager. Mr. Brandt is based in Germany and will be spearheading Maricann’s pharmaceutical division in Europe.
In addition to Mr. Brandt, Maricann has engaged Dr. Thoralf Schlosser as its Qualified Person for its European Medical Division. Dr. Schlosser has held a series of progressively senior roles at Catalent Pharma Solutions, Schorndorf, Dynavax Technologies Europe, Düsseldorf, and Sandoz, Rudolstadt, a Division of Novartis, as Head of Quality Assurance. Dr. Schlosser received his Doctorate of Pharmacy from the Studium de Parmazie – University of Leipzig.
Maricann is also pleased to announce that it has received its EudraCT (European Union Drug Regulating Authority Clinical Trial) number and Protocol Code Number for its pharmacokinetic study to examine the potential increase in bioavailability of cannabinoids using its exclusive patented VesiSorb Technology. The Company expects to commence studies under the leadership of Dr. Markus Backmund, Advisory Board Member – Maricann GmbH and Dr. Steven Bennett, Chief Scientific Officer, Maricann Group Inc.
Maricann continues to advance its position as a leader in the European medicinal cannabis market, adding to its depth of experience in the pharmaceutical sector with Morten Brandt and Dr. Thoralf Schlosser. Our receipt of our EudraCT number means we can advance and now prove the value of the VesiSorb acquisition, as fact.
Ben Ward, CEO
With the appointment of Dr. Schlosser, Dr. Thomas Klumpp has resigned from his full-time position of Qualifed Person, due to personal health reasons. The Company is grateful for Doctor Klumpp’s assistance, including his work to achieve EU-GMP status for its initial Canadian cultivation and processing operation, and the time leading up to its inspection of its Maricann GmbH narcotics licensing in Germany. Dr. Klumpp remains available to the Company when needed.
About Maricann Group Inc.
Maricann is a vertically integrated producer and distributor of marijuana for medical purposes. The Company was founded in 2013 and is based in Burlington, Ontario, Canada and Munich, Germany, with production facilities in Langton, Ontario where it operates a medicinal cannabis cultivation, extraction, formulation and distribution business under federal licence from the Government of Canada. The Company also has production operations in Dresden, Saxony, Germany and Regensdorf, Switzerland. Maricann is currently undertaking an expansion of its cultivation and support facilities in Canada in a 942,000 sq. ft. (87,515 sq. m) build out and will continue to pursue new opportunities in Europe.
