Cannovum Cannabis AG Announces Expansion Plans with Over 500 Cannabis Clubs in Germany

Cannovum Cannabis AG has welcomed the legalization of cannabis by the Bundestag, paving the way for the establishment of over 500 cannabis clubs across Germany. In a significant move, the company has secured exclusive cultivation areas and services in partnership with some of the largest agricultural firms in the country. This initiative is expected to generate substantial revenues and create added value for shareholders and society.

The subsidiary of Cannovum Cannabis AG, Anbau-Allianz für Deutschland GmbH, is set to offer unrivaled services in collaboration with key horticultural and agricultural enterprises. This collaboration will see the management of extensive cultivation spaces including greenhouses, open areas, and agricultural land. Member clubs of the cultivation alliance will benefit from all-inclusive monthly rental and service fees, ensuring the safe and regulated cultivation of recreational cannabis within legal limits.

Tim Spieker, Managing Director of Anbau-Allianz für Deutschland GmbH, highlighted the unique market position of their service, enabling quick and professional growth of cannabis without significant upfront investments. The recent passing of the Cannabis Act (CanG) by the Bundestag indicates a strong market and growth potential, with each club allowed to supply up to 500 members with cannabis. Cannovum Cannabis AG aims to be at the forefront of the industry, creating sustainable value for shareholders, customers, and society.

The partnership network includes Osnabrück University of Applied Sciences, several horticultural companies, and other industry leaders such as Spex AI and Koppert. Cannovum Cannabis AG's initiative represents a significant stride towards shaping the German cannabis market and offers an exceptional investment opportunity.