Portugal to become the new ‘El Dorado' of medical cannabis in Europe [Fortune]
Tilray Brands, Inc. (TLRY)
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Source: Fortune
The country is fast becoming a European hub for medical cannabis, with its warm temperate subtropical climate — often compared to California's — making it an ideal place to grow the plant. “No other country in Europe has better environmental conditions,” Martins told AFP at the plantation, which is surrounded by razor wire and infrared cameras. Set in hills near Serpa dotted with olive trees and cork oaks, the 5.4-hectare (13.3-acre) farm owned by the Portuguese pharmaceutical company FAI Therapeutic produces around 30 tonnes of cannabis flowers a year. They set up two years ago after a flood of foreign cannabis producers were drawn to Portugal because of its favourable climate and legislation. More than 60 companies are currently authorised to grow, produce or distribute medical cannabis products there, with 170 more having applied for permission. Portugal exported some 12 tonnes of cannabis-based medical products last year, mainly to Germany — Europe's largest market — as
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TLRY
Earnings
- 10/10/24 - Beat
TLRY
Sec Filings
- 12/19/24 - Form 8-K
- 12/17/24 - Form 3
- 12/13/24 - Form 8-K
- TLRY's page on the SEC website