Unique Company Taking the Cannabis Boom Global - Seite 2

A specialist in emerging markets, Scythian Biosciences enters territories with untapped opportunities during the earliest stages of a domestic industry, acquiring the necessary licenses and infrastructure for rapid expansion.

An enviable portfolio of licenses and deals 

In the process, Scythian Biosciences (SCYB.V; SCCYF) is in the process of acquiring an enviable portfolio of licenses and partnership deals with market leaders in Brazil, Argentina, Columbia and the Caribbean. It also has deals in the works in the UK and Ireland, Portugal and Macedonia.

For example, Scythian Biosciences partnered with the University of Miami and its neuroscientific team to conduct pre-clinical and clinical trials of its cannabinoid-based combination drug therapy for concussion.

At the same time, the company arranged with the Argentine distribution firm APB to provide research teams in Argentina with high-quality CBD oil for a clinical study on treating epilepsy in children. This innovative, multi-faceted approach revealed to the major cannabis producers that Scythian Biosciences could open doors to international markets and broker deals in countries with restrictions in imports of cannabis products.

For example, Aphria, equipped with a vast network of expert cannabis cultivators and industrial-scale production facilities, is uniquely qualified to build upon the infrastructure and licenses that Scythian Biosciences' acquisition targets were able to achieve in the Latin American and Caribbean markets.

The rapidly expanding global market for medical cannabis

While recreational use of cannabis is legal in nine U.S. states and soon in Canada, the legal picture outside of North America is more complex. Though cannabis use is widely tolerated in many European countries, the laws regarding importation and distribution, even of medical products, are strict and vary from country to county.

For this reason, most analysts agree that overseas markets will follow the same pattern as in North America with initial sales geared primarily to the medical cannabis market.

A legal cannabis market seeing 1,000% growth 

And it's a market that could see the same explosive growth as in North America. Much of that growth could be in Europe where Scythian Biosciences ( SCYB.V; SCCYF ) already has significant partnerships in what is, in effect, virgin territory.