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SYNBIOTIC acquires Ilesol: Enormous competitive advantages through cannabinoid extracts and isolates from own production
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- SYNBIOTIC acquires Ilesol Pharmaceuticals in Croatia for CBD production.
- Acquisition provides competitive advantage in hemp extracts and isolates.
- SYNBIOTIC aims to become a leading hemp and cannabis group in Europe.
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EQS-News: SynBiotic SE / Key word(s): Takeover |
The German industrial hemp and cannabis group SYNBIOTIC SE acquires Ilesol Pharmaceuticals from Varaždin/Croatia. Ilesol has a 3,400 m2 production facility for the manufacture of
cannabinoid extracts and isolates. The company also produces and distributes its own CBD natural cosmetics range. With the acquisition of Ilesol, SYNBIOTIC will be able to produce CBD isolates with
the "Made in EU" label and distribute them through the companies of the SYNBIOTIC Group.
"We are thus integrating another crucial process step into our supply chain," says Daniel Kruse, Managing Director of SYNBIOTIC. "The in-house production and refinement of hemp and cannabis extracts and corresponding isolates is an enormous competitive advantage. The market for hemp extracts and CBD isolates alone is a growth market worth billions. The cosmetics industry has long since discovered hemp and CBD for itself and demand is increasing significantly. And if the EU Commission decides in favour of the numerous novel food applications next year, the demand for hemp extracts and CBD isolates in the food supplement sector will increase many times over."
"The acquisition of Ilesol is therefore strategically significant news for our group of companies and investments. And for our investors and shareholders, it is the second successful takeover in four months after Bushdoctor," adds Kruse.
SYNBIOTIC is ideally positioned in the CBD product segment with leading brands and, in future, Ilesol. What was missing until now was an independent production facility for refining the extracts and manufacturing isolates that was not dependent on external factors. Ilesol closes precisely this gap in the supply chain. Moreover, the additional cosmetics range from Ilesol fits perfectly into the distribution programme of SYNBIOTIC's subsidiaries Solidmind and Hempro International.
"We are thus integrating another crucial process step into our supply chain," says Daniel Kruse, Managing Director of SYNBIOTIC. "The in-house production and refinement of hemp and cannabis extracts and corresponding isolates is an enormous competitive advantage. The market for hemp extracts and CBD isolates alone is a growth market worth billions. The cosmetics industry has long since discovered hemp and CBD for itself and demand is increasing significantly. And if the EU Commission decides in favour of the numerous novel food applications next year, the demand for hemp extracts and CBD isolates in the food supplement sector will increase many times over."
"The acquisition of Ilesol is therefore strategically significant news for our group of companies and investments. And for our investors and shareholders, it is the second successful takeover in four months after Bushdoctor," adds Kruse.
SYNBIOTIC is ideally positioned in the CBD product segment with leading brands and, in future, Ilesol. What was missing until now was an independent production facility for refining the extracts and manufacturing isolates that was not dependent on external factors. Ilesol closes precisely this gap in the supply chain. Moreover, the additional cosmetics range from Ilesol fits perfectly into the distribution programme of SYNBIOTIC's subsidiaries Solidmind and Hempro International.
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