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Kanabo Group’s (KNB) Medical Cannabis Cartridges To Be Available For UK Patients, Shares Rise

Sam Boughedda
Sam Boughedda trader
Updated 14 Jul 2021

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Kanabo Group

Kanabo Group (LON: KNB) confirmed its medicinal cannabis cartridges will be available for UK patients soon, as its first order has been shipped and is expected to arrive in the UK next week.

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The product will be sold under the brand name NOIDECS as part of Kanabo’s agreement with the LYPHE Group and its wholly-owned subsidiary Astral Health Limited.

The medical cannabis extract formulas will be sold in pre-filled, sealed cartridges which can only be used with Kanobo’s VapePod device.

They will be sold as a prescribed, unlicensed medicine to patients of LYPHE Group’s UK clinics and dispensaries, which includes The Medical Cannabis Clinic.

Avihu Tamir, Kanabo’s CEO, commented: “The VapePod is a world-first allowing specialist consultants to prescribe a metered dose of medicinal cannabis that is healthier for patients than the alternative which is typically smoking.

“Medical cannabis is a safer alternative to the conventional opiate solutions and other pain management treatments. This announcement ensures that 1000s of UK patients have access to the most effective medicinal cannabis delivery system. ”

Kanabo’s share price is currently up 2% at 16.8p.

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Sam Boughedda
Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.