ACCESS Newswire
05 Jun 2023, 12:35 GMT+10
MMJ BioPharma Cultivation DEA Approval Imminent to Grow Cannabis
WESTERLY, RI and MONTEVIDEO, URUGUAY / ACCESSWIRE / June 5, 2023 / MMJ International Holdings (MMJ) and Global Cannabis Production (GCP) are pleased to announce their partnership to facilitate the first DEA legal import of tetrahydrocannabinol (THC) cannabis products from Uruguay to the United States, as well as a partnered development of cannabis pharmaceuticals for the global market. This partnership will bring breakthrough treatment options to patients and serve as a milestone in the growing field of cannabinoid medicine.
Founded with the mission to improve the lives of patients by providing better treatment options, MMJ is a market leader in the research, development, and commercialization of cannabinoid molecules as novel prescription pharmaceutical therapeutic candidates. MMJ's world-class scientific team collaborates with leading cannabinoid scientists around the world to enhance pharmaceutical solutions across the care continuum. The company's focus is to bring novel natural botanical plant and cannabinoid-based prescription medicines to the market as a pharmaceutical drug.
Following its inception, MMJ quickly commenced it FDA filings for its clinical trials to evaluate different cannabinoid formulations as potential therapeutics with an initial focus on the development of a gel cap formulation with two principal cannabinoid components, cannabidiol (CBD) and delta-9 tetrahydrocannabinol (THC). Working with leading cannabinoid scientists around the world, MMJ is continuing to explore the potential of a range of novel cannabinoid and other botanical molecules in several distinct therapeutic areas. MMJ's lead product candidate is a liquid formulation of highly purified CBD/THC being investigated for severe neurological disorders. This product is the result of extensive research.
GCP is a cannabis production group with the largest campus in the southern hemisphere. Their facilities provide high-quality cannabis raw materials and finished products to the medical and pharmaceutical industries. The company is dedicated to providing patients with access to safe, consistent, and effective cannabis-based products.
Innovative Financing
GCP's parent company is Global Cannabis Holdings, a tokenized portfolio of 38+ cannabis companies one of which is MMJ. This is a much more efficient channel for attracting capital other than issuing shares, crypto tokens are issued. GCP raises capital through the sale of tokens and the proceeds will be reinvested in its portfolio companies. GCP's investment portfolio spans across 6+ countries which offers a diversified investment vehicle into the cannabis industry.
Clinical Trials
Together, MMJ and GCP are committed to developing FDA-approved cannabis medicines that best serve patients with unmet medical needs. MMJ has submitted several Investigational New Drug Applications with the FDA and has been awarded Orphan Drug Designation from the FDA for Huntington's disease. Additionally, MMJ anticipates it will receive Fast Track Designation from the FDA for its clinical trials. GCP's expertise in cannabis production, and relationships with pharma partners in South America, combined with MMJ's focus on pharmaceutical development, creates a partnership poised to make a significant impact in the medical and pharmaceutical industries.
'We are excited to partner with GCP to bring breakthrough treatment options to patients in need,' said Duane Boise, CEO of MMJ. 'Our mission is to improve the lives of patients, and this partnership is a major milestone in our commitment to developing novel cannabinoid-based prescription medicines.'
'We are proud to partner with MMJ and support their mission to improve patient care through the development of novel prescription medicines,' said David Luftglass, CEO of GCP. 'Together, we are positioned to create a positive impact in the medical and pharmaceutical industries and provide patients with safe, consistent, and effective cannabis-based products.'
The first legal import of THC cannabis products is expected to occur in 2023. Both companies look forward to working together to bring groundbreaking treatments to patients and revolutionize the pharmaceutical industry. This is Cannabis 3.0, the wave that will normalize cannabis medicines across the world.
MMJ is represented by Attorney Megan Sheehan of Rhode Island.
For more information on MMJ, please visit www.mmjih.com.
For more information on GCP, please visit www.globalcannabisproduction.com.
Contact: MMJ
Madison Hisey
Email: [email protected]
203-231-8583
Contact: GCP
David Luftglass
CEO, Global Cannabis Production
Email: [email protected]
SOURCE: MMJ International Holdings
Get a daily dose of Cleveland Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cleveland Star.
More InformationPLANO, Texas: Toyota Motor will raise prices across a range of vehicles in the United States starting next month, the Japanese automaker...
WASHINGTON, D.C.: U.S. business activity showed signs of softening in June while inflationary pressures continued to build, driven...
NEW YORK, New York - U.S. stock markest closed sharply higher on Tuesday as a truce entered into between Irsael and Iran after 12 days...
MENLO PARK, California: Meta is taking another swing at smart eyewear—this time with a sporty edge. The company announced a new partnership...
NEW YORK CITY, New York: U.S. stocks went up and oil prices fell this week as investors hoped that Iran would not block the global...
BARCELONA, Spain: Residents of Barcelona have devised a novel way to protest the presence of tourists in their city. Using a cheap...
ABU DHABI, 19th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi has become the first and only research hospital in the UAE to receive...
ABU DHABI, 17th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi, part of the M42 group, has successfully introduced continuous infusion...
ABU DHABI, 9th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi has successfully performed the UAE's first robotic cytoreductive surgery...
ABU DHABI,16th May, 2025 (WAM) - Oracle Health, Cleveland Clinic, and G42 today announced a strategic partnership to develop a groundbreaking...
ABU DHABI, 6th May, 2025 (WAM) -- PureHealth and its subsidiary SEHA have partnered with the number one US children's hospital, Cincinnati...
Teresa Varley Over the last few months, Steelers rookies have been getting an introduction to NFL football. From learning the playbook...