leadf
logo-loader
viewSativa Wellnesss Group Inc

Sativa granted controlled drug licence by UK Home Office to grow high-THC cannabis

The firm said it would now begin a partnership with King's College London to research the effects of cannabinoids on inflammation and respiratory conditions

Sativa Group PLC - Sativa granted controlled drug licence by UK Home Office to grow cannabis
The licence allows Sativa to grow cannabis plants that contain more than 0.2% THC

Sativa Group PLC (LON:SATI) has received a controlled drug licence from the UK Home Office, allowing it to produce and supply cannabis at its headquarters in Somerset.

The medicinal cannabis firm said it will immediately begin a research partnership agreement with King’s College London to research the impact of cannabinoids on inflammation and respiratory conditions.

READ: Sativa Group revenues climb as CBD moves mainstream

The licence allows the company to produce cannabis plants that contain more than 0.2% tetrahydrocannabinol (THC), the main psychoactive compound in cannabis.

Sativa already has a licence for the production of low-THC cannabis, also known as hemp, which was granted in February 2018.

Plants used in the research partnership will be grown at Sativa’s facility before being dried to allow cannabinoids to be extracted for use in KCL’s labs.

"We are delighted to receive this licence, responding to calls from regulators, government and healthcare providers for further research and development into the efficacy of medicinal cannabis”, said Sativa chief executive Henry Lees-Buckley.

“We are committed to operating at these high standards and to partner with Kings College London, to help establish a clinical pathway for patients to access medicinal cannabis", he added.

Quick facts: Sativa Wellnesss Group Inc

Price: 3.65 GBX

AQSE:SWEL
Market: AQSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Sativa Wellnesss Group Inc named herein, including the promotion by the Company of Sativa Wellnesss Group Inc in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Market Report: Washington riots and Trump Twitter suspension drag down FTSE...

The Market Report with Katie Pilbeam. FTSE 100 has lost a little momentum this morning after reaching its highest level since early March on Wednesday.  Facebook and Twitter have blocked Donald Trump from their platforms after supporters swarmed the Capitol building on Wednesday. The US...

1 week, 2 days ago

2 min read