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 RUA BIOSCIENCES ( Hikurangi)
Rua Bioscience |
New Zealand medicinal cannabis company, Rua Bioscience, has secured an export partnership with German distributor Nimbus Health.Nimbus Health is an independent pharmaceutical wholesaler with warehouses near Frankfurt that specialises in the importation and distribution of medicinal cannabis products into Germany. The company provides pharmacies across Germany with pharmaceutical-grade medicinal cannabis products for patient prescriptions.
Rua Bioscience CEO, Rob Mitchell says, “Germany is Europe’s most mature medicinal cannabis market and we are proud to be the first New Zealand company to announce a binding export agreement with a reputable distributor there.”
“Our agreement with Nimbus Health means Rua Bioscience is their exclusive New Zealand supplier and we are creating unique cannabis medicines together to serve the patient base in Germany more efficiently. This provides certainty for our production goals and signals international confidence in our ability to produce pharmaceutical-grade cannabis medicines,” says Rob Mitchell.
Linus Weber, founder and managing director of Nimbus Health says he is excited to have signed an exclusive agreement with Rua Bioscience to supply German patients with medicinal cannabis from New Zealand.
“Our mission is to supply patients in Europe consistently with the highest grade of medical cannabis products from reliable sources in a sustainable manner – and Rua is well positioned to help us achieve this goal.”
Nimbus Health currently supplies pharmacies serving over a quarter of the 75,000 ongoing patients using medicinal cannabis in Germany. Around 60 per cent of prescriptions have full medical insurance reimbursement and over 2,500 German doctors currently prescribe cannabis for a wide range of conditions.
Rua Bioscience Chairman, Trevor Burt, says this partnership is a key milestone in progressing the company’s global export strategy.
“The global medicinal cannabis market is estimated to be worth over one hundred billion by 2026 and with New Zealand being just a small fraction of that, it’s crucial that we connect our cultivation expertise and good horticultural practices with experienced international suppliers who can distribute our product further afield.
“This export partnership expands on our established relationships with leading international cannabis researchers and ensures we are at the forefront of the global growth of our industry,” says Mr Burt.
Since becoming licensed to breed, research, trial and import cannabis in 2018, Rua Bioscience has worked to establish the foundations required for an export-led growth strategy under the new Medicinal Cannabis Scheme that became operational in April.
This work has included the harvest of the company’s first crop of medicinal cannabis flowers, coupled with strengthening of the company board and senior leadership with the appointment of Mr Burt as Chairperson, directors with global pharmaceutical, marketing and finance expertise and new CEO, Rob Mitchell.
“Over the past 18 months, we’ve worked hard to ensure that we have the right strategy and people in place to grow and manufacture quality pharmaceutical-grade products.
“While these partnerships reflect our focus on expansion internationally, economic development and job creation in Tairāwhiti remains a priority for the business.”
Last edited by Joshuatree; 22-09-2020 at 01:08 PM.
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Hiayayay Santa Banana another weed growing company!
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 Originally Posted by RGR367
Hiayayay Santa Banana another weed growing company!
DIY Santa Bananas
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Are you really a "senior" member.How have you got through life so ignorant?
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Originally Posted by Joshuatree
Are you really a "senior" member.How have you got through life so ignorant?
WOW! I know you started the thread but how can that comment makes you so nasty already? Looks like you need to smoke more of that stuff man as you're not high enough yet.
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the three year-old company has yet to sell any dried cannabis flowers or secure a cultivation licence, and that there is not enough information about its main distribution agreement with German firm Nimbus.
Potential new investors are not in a position to evaluate the revenue or margin those sales might generate and there are no financial forecasts of any sort in the product disclosure statement.
For clarity, nothing I say is advice....
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good doco by gower againon weed last night on tv3
one step ahead of the herd
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Originally Posted by bull....
good doco by gower againon weed last night on tv3
Rua was covered in the doco last night - looked like a modern/reasonable set-up.
Their head grower had alot of experience growing. But just now legal and getting paid for it! 
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ignorant. Do you even know what CBD is, just stop being corny and be factual is all i ask.
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