mxc

Strategic Cannabis Acquisition Complete: MXC Set to Break Ground in Europe, Australia the Next Step

We’ve been banging on about the changing landscape in medical cannabis for quite a while.
And in Australia, things have suddenly gotten very real with the news that the Australian Federal government has approved the importation of medical cannabis.
The Next Biotech is all about scouring the globe for astute and timely investment ideas, in the hope and expectation that our investment blooms into a commercial harvest down the line.
In the case of MGC Pharmaceuticals (ASX: MXC), this ASX-dwelling green thumb is making a bee-line for the global medical cannabis market.
This most recent move by the Australian government opens up several commercial channels for MXC with regard to its medical cannabis and cosmetics plays, given recent developments with its European operations.
Not only has MXC got the ball rolling on the distribution front, but it has also nearly completed the construction of its cutting-edge processing facility in Slovenia.
One of the major pieces of news to come out of the MXC offices recently was its completion of its key acquisition in Panax Pharma.
This acquisition delivers on several fronts. Most notably it creates a strategic partnership with the highly respected Institute of Experimental Botany of the Academic Sciences, otherwise known as IEB AS.
The IEB AS was recently granted a five year medical cannabis license for the genetics, breeding and research program with Panax, which immediately enables MXC to conduct medical breeding research starting in 1000m² dedicated greenhouse growing space, with the ability to further scale according to their needs.
The acquisition of Panax, gives MXC access to its breeding program which facilitates the various strains of medical grade cannabis for the MXC research plan and operations.
What this could well mean is that MXC is now on the fast track to commercialisation in the medical cannabis sector. This is both from its European operating base, and in Australia.
It should be noted, however, that MXC is still an early stage play and commercialisation should not be taken as guaranteed. Investors should seek professional financial advice for further information.
With the global medical cannabis market moving from the embryonic to the foetal stage, sowing some commercial seeds into MXC could prove to be a winning move.
That is especially true if medical cannabis lives up to its supporters’ claims — to relieve symptoms of widespread ailments and illnesses without harsh side-effects.

Production of pro-biotics without side-effects is a problem the multi-billion Big Pharma industry remains unable to solve…​

Given the rewards on offer, early-stage medical cannabis developers like MXC are throwing their hat into the ring as genuine contenders, offering alternatives to existing pharmaceuticals.
With the acquisition potentially giving MXC access to new genetic strains of medical cannabis for use in its products or in future clinical trials, MXC is now in the box seat to make a strong commercial fist of the medical cannabis sector with products that have real alternative pharmaceutical value.
With early stage dermatological CBD products already on store shelves, and plans advancing to develop high-grade medical cannabis growing operations, we think MXC is perfectly positioned to capture a decent chunk of the burgeoning medical cannabis market.
Keeping our green-thumb fingers on the pulse of:

​

MGC Pharmaceuticals​

ASX: MXC​