EQS-News

Cannovum Cannabis AG: Exclusive partnership and million-dollar sales potential with Cannabis Club Association.

EQS-News: Cannovum Cannabis AG / Key word(s): Joint Venture/Alliance Cannovum Cannabis AG: Exclusive partnership and million-dollar sales potential with Cannabis Club Association. 07.08.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Cannovum Cannabis AG: Exclusive partnership and million-dollar sales potential with Cannabis Club Association.

Cannovum Cannabis AG's majority-owned subsidiary (Frankfurt/Xetra, Düsseldorf, Munich, Hamburg, Berlin stock exchanges, gettex: ISIN DE000A2LQU21), Anbau-Allianz für Deutschland GmbH, welcomes Chillisimo, a premium cannabis club association already represented in eight major German cities, as another exclusive partner.

Chillisimo sees itself as a brand club association and is a community of passionate cannabis users who love the diversity of cannabis. It focuses on a consistent premium strategy for members when choosing its locations and offerings. Chillisimo clubs in Ansbach, Berlin, Erlangen, Herzogenaurach, Munich, Nuremberg, Stuttgart, and Würzburg are in the process of being founded, with more cities to follow soon.

“We are happy to have found our dream partner for the upcoming legalization of recreational cannabis in Germany with Cannovum Cannabis AG and its subsidiary, the Anbau-Allianz für Deutschland," says Emanuel Kotzian, founder and managing director of Chillisimo e.V.

"For us as a premium club association, the topic of cultivation and methods in cannabis cultivation is absolutely crucial. This is especially true when working with German growers in the Anbau-Allianz, who also understand the issues of regulation, sustainability, and safety in Germany. We couldn't have imagined a better partner," Kotzian said.

As part of the collaboration, Cannovum Cannabis AG and its affiliate, the Anbau-Allianz für Deutschland, will develop exclusive products with and for Chillisimo's members. "As a preferred partner of Chillisimo, we are demonstrating the potential and revenue opportunities of cannabis legalization in Germany," said Klaus Madzia, CEO of Cannovum Cannabis AG. "According to our calculations, a single club in Germany can turn over up to 2.4 million euros per year with cannabis. We expect several thousand clubs in Germany in the medium term."