Aurora Cannabis Inc (TSE:ACB) is a company that focuses on Cannabis production. The business guru has its headquarters in Edmonton and already has the license to operate in about 18 countries. Polish Ministry of Health has approved the company to undertake its business activities in Poland .From now moving forward the company will be shipping medical cannabis to the country.
A close outlook
Reports indicate that currently Aurora is getting ready to make the first shipment of its goods. It ships the products to one of the hospitals in Warsaw and in a trusted pain treatment center in the country. Market observers gave a joint statement terming the move a major step forward .That was for the large number of patients struggling with serious medical conditions in the country.
These analysts believe that the patients will take advantage of the opportunity to lead healthier lives. For the company, this is a new dawn. It is the first time the body grants a non-government run entity such an honor. The business guru hopes it will move about easily in its medical cannabis products distribution activities in Poland.
The turn of events
The Polish legislation has its terms well stipulated. It provides that physicians have the full rights to give medical cannabis prescriptions to patients. These patients can visit the nearest registered pharmacies to obtain the wide range of the company’s products.
The Head of Business Development for the company Maximilian Weinberg opined, “We are thrilled to have successfully navigated the complexities of the Polish regulatory framework, and are proud to become the first company to supply a Polish hospital with medical cannabis.”
The official outlines that so far they have forged meaningful relationships with medical professionals, local foundations and wholesalers in Poland.
It was also today that Aurora Cannabis disclosed that its shares plunged by about 15%. It was not the only one affected. Reports show that quite a significant number of the cannabis stocks declined over a period of one week.
The company seeks to generate high revenues. It says that its move to buy more cannabis startups will help it achieve its set objectives.