Good little article in Forbes regarding Bloomwell Group (aka Ilios Sante) launching Germanys largest network for Medicinal Cannabis. Exert from the article “Bloomwell now serves as the centralised digital infrastructure for medicinal cannabis distribution, therapy and dispensing, including speedy delivery services that are the first of its kind in Germany and bring prescriptions to patients homes within 24 hours”. ”Bloomwell has seen a 1,000% increase in monthly new patients in April 2024”. “We’re scaling our platform to be able to service 100,000 patients monthly”.
Building on the $9.9M (minimum supply) contract over 3 years signed in January. With the German market being the EU leader (~$900m AUD) this is a prime place to be positioned. Nan stating during the Jan announcement “In our experience customers generally exceed minimum order quantities and we are optimistic this agreement will deliver similar outcomes”.
