Materia, a Canadian processor and distributor of medical cannabis and CBD wellness products, announced that its wholly owned subsidiary Materia Malta has received its Licence for the Production of Cannabis for Medicinal and Research Purposes from the Malta Medicines Authority.

This means that Materia Malta can begin commercially producing and exporting medical cannabis.

Deepak Anand / LinkedIn

“We are delighted to be fully licensed and to begin generating revenues from our Malta facility,” Materia CEO Deepak Anand said.

“I’d like to congratulate our entire team for helping realise our vision of a state-of-the-art processing facility, especially in working through the circumstances presented by the pandemic over the last 18 months,” Mr Anand continued.

Materia Malta’s facility has an annual throughput capacity of 6,000kg, representing a potential sale value of €36 million.

“We are delighted to see Materia achieve this milestone,” Malta Enterprise CEO Kurt Farrugia said.

Kurt Farrugia
Kurt Farrugia / LinkedIn

“We have been working closely with Materia since the beginning and the calibre of the team exemplifies the type of company we are proud to support here in Malta. We fully expect Materia to be one of the industry’s long-term leaders,” Mr Farrugia continued.

Materia Malta has already begun the process of importing its first batch of raw material for commercial production and will begin fulfilment of its supply commitments imminently.

Related

Nasser Al Awadhi / Dubai Holding

Nasser Al Awadhi named new Malta Properties Company Director and Chairman

26 September 2023
by Fabrizio Tabone

Sayed Mohamed Mohamed Noor Sharaf has resigned from the two positions with immediate effect.

‘Enhancing Malta’s productivity and competitiveness should be the top priority for economic policy’

26 September 2023
by Fabrizio Tabone

The Malta Chamber’s President and CEO penned a joint statement in the organisation’s Pre-Budget Document 2024, stating that Malta needs ...

Lecturer Patrick DeBattista on fulfilling his ‘rock star’ dream by teaching and training others

26 September 2023
by Fabrizio Tabone

When he was younger, the Lecturer wanted to become a rock star, yet education and corporate jobs got in the ...

‘I went in as a girl, I returned as a woman’: Nadia Pace on being given first major opportunity 20 years ago

26 September 2023
by Fabrizio Tabone

She joined Perideo S.A. Group as a Research and Development Executive in 2003, laying the foundations for a highly successful ...

Close Bitnami banner
Bitnami