Cannovum Cannabis AG: Legalization of cannabis is imminent, new premium partners enrich Anbau-Allianz, Cannovum's cultivation alliance

EQS-News: Cannovum Cannabis AG / Key word(s): Alliance/Investment
Cannovum Cannabis AG: Legalization of cannabis is imminent, new premium partners enrich Anbau-Allianz, Cannovum's cultivation alliance
06.11.2023 / 13:39 CET/CEST
The issuer is solely responsible for the content of this announcement.

Cannovum Cannabis AG: Legalization of cannabis is imminent, new premium partners enrich Anbau-Allianz, Cannovum's cultivation alliance

The legalization of cannabis for recreational use in Germany is imminent. The law passed by the coalition is being discussed and is about to be voted on in the Bundestag. The majority holding of Cannovum Cannabis AG (stock exchanges Frankfurt/Xetra, Düsseldorf, Munich, Hamburg, Berlin, gettex: ISIN DE000A2LQU21), Anbau-Allianz für Deutschland GmbH, is expanding its circle of partners in preparation for the upcoming billion-euro business with recreational cannabis. Three companies are joining the innovative alliance.

WESSLING is one of the leading consulting, analysis, and testing companies for the continuous improvement of quality, safety, health and environmental protection. As a family business with over 40 years of experience, it enjoys an excellent reputation – both throughout Germany and internationally.

WESSLING will play an important role in quality assurance in the course of the legalization of recreational cannabis in the cultivation alliance for Germany. Among other things, the company will be responsible for carrying out quality checks on ingredients and compliance with legal requirements. This will ensure that the highest standards and sustainability criteria are met during cultivation.

“We are delighted to be working with Cannovum Cannabis AG and its subsidiary, the Cultivation Alliance for Germany,” says Anna Weßling, Managing Partner. It is critical to us to contribute to the high quality and safety of cannabis through our analytical services.

cannabis for the consumer.”

RIEKE BLUMEN is another top-tier horticultural company to join the Cultivation Alliance for Germany. With an outdoor cultivation area of 25 hectares and an indoor production area of around 14,000 square meters with renewable heat sources, the company from Westphalia is one of the most innovative plant growers in the region. It is a member of PlusPlants and is therefore committed to sustainable and socially responsible production. Rieke-Blumen produces many of its own brands and is a major producer of Gardengirls.

"The legalization of cannabis as a stimulant promises an exciting new market to which we, as growers with large cultivation areas, want to make an important contribution," says Marco Rieke from RIEKE BLUMEN. "We are therefore very much looking forward to working with the cultivation alliance and its partners."

SpexAI is a leading provider of cutting-edge imaging technology and growth analytics for the global cannabis industry. The company develops intelligent spectral cameras that monitor cannabis plants around the clock and provide real-time data on cannabinoids, diseases, pests and more. The AI “Odin” developed by SpexAI is constantly learning and provides tips on how to optimize growing conditions based on the data provided.

"We see great potential in the cooperation with the cultivation alliance for Germany," says Ben Niehaus, founder of SpexAI. "With our technology, we are laying the foundation for consistent cultivation, necessary automation and significant increases in efficiency that will enable growers to achieve outstanding results with consistent quality."

"I am delighted to welcome Wessling, Rieke Blumen and SpexAI as new partners in the cultivation alliance for Germany," says Klaus Madzia, CEO of Cannovum Cannabis AG. "We have long been a full-service provider for our customers and continue to expand this position."

"We strive for the highest quality and safety in cannabis cultivation," says Tim Spieker, Managing Director of the Cultivation Alliance for Germany. "The new partnerships underline this claim, and I look forward to legalization with confidence."

More information can be found at: www.anbau-allianz.de

Contact:

Klaus Madzia

Management Board

Cannovum Cannabis AG

Phone +49 178 5811701

klaus.madzia@cannovum.com

About the Cultivation Alliance for Germany:

Anbau-Allianz für Deutschland GmbH is the guarantor for recreational cannabis in Germany. The majority shareholding of Cannovum Cannabis AG was founded in 2023 together with the company Hortensien Spieker and the Moormann Group. Cannovum Cannabis AG and the cultivation alliance develop and sell products for growers, club operators and ultimately end customers. It links investors with partners, supports research and development and represents the interests of its members vis-à-vis politicians, the public and authorities. The Cultivation Alliance combines presence, reach, brand profile, contacts to the media, club operators and end customers, participation models and external experts with its members under one roof. Other exclusive partners of Anbau-Allianz für Deutschland GmbH are Osnabrück University of Applied Sciences, the Düsseldorf entrepreneurs Benedikt Baum and Dominik Baum and the plant pot manufacturer Pottburri in Straelen.

About Cannovum Cannabis AG:

Cannovum AG (www.cannovum.de, www.cannovum.com) was the first German fully licensed cannabis company to be listed on the stock exchange. The shares are traded on the Frankfurt/Xetra, Düsseldorf, Munich, Berlin, Hamburg and gettex stock exchanges. Cannovum Cannabis AG is ready and well prepared for the legalization of cannabis.

06.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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