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Sana Life Science secures £ 7.4m investment in seed – UK technology investment news

7 June 2022, London: UK based specialist cannabis distributor, Healthy Life Sciences (‘Sana’), announced today that it has completed its latest fundraiser which to date brings the total to £ 7.4 million, to position itself for further European expansion in this fast-growing sector.

Today’s news comes as Sana also announces a series of strategic acquisitions in Europe and is opening a new round of fundraising to continue driving growth.

Sana, which includes Sana Healthcare, Sana Manufacturing and Sana Lifestyle, is one of the few licensed distributors of medical cannabis in the UK. The business was started by former Boston Consulting Group colleagues Ben Hamburger and Arjun Rajyagor to improve the industry supply chain and provide much-needed medical cannabis to patients with life-threatening diseases.

The completed fundraiser and upcoming round put Sana on the trajectory to become the fastest growing cannabis distributor in Europe, offering a pan-European network to simplify the distribution of cannabis in the UK, Germany and the Channel Islands, as well as in Israel.

Sana’s expansion across the continent coincides with industry forecasts that medical cannabis sales in Europe could be worth € 353 million in 2022, benefiting more than 340,000 patients.

Sana has acquired a number of companies for a total of £ 5 million. This includes B3 Labs, a leading UK-based Novel Food accredited manufacturer of CBD oils, gummies and vaporizers and the only one of its kind in Europe to be BRCGS (Brand Reputation Compliance Global Standards) certified.

The second addition to Sana’s distribution platform is Hiliz, an Israeli-based distributor working to bridge the gap between growers and patients, in which Sana has acquired a minority stake with an option for majority control. Hiliz owns its GDP (Good Distribution Practice) facility and all necessary licenses to import, distribute and distribute medical cannabis in Israel. They currently distribute to over 200 pharmacies across the country and are looking to increase this figure by 300 in the near future.

Also added to the list of transactions is the German-based medical cannabis supplier, MedizinalHanf, which, like Hiliz, has its own GDP structure. Medical cannabis is a fast growing market in Germany and the business focuses on combining import and distribution to meet ever-increasing demand.

Ben Hamburger, CEO of Sana, said: “Europe is set to become the largest medical cannabis market, potentially surpassing the United States, and the level of investment and interest in Sana shows that we will be at the forefront of this growth.

“As we continue this rapid period of expansion to become Europe’s largest distributor, it is exciting to have B3 Labs, Hiliz and MedizinalHanf on the road with us.”

Sana’s Chief Medical Officer and former President of the British Medical Association, Steve Hajioff, said: “Sana’s latest round of fundraising and rapid growth clearly show the appetite for a well-managed and regulated legal cannabis market in Europe. With estimates of one million people in the UK potentially buying medical cannabis from the market. black because of financial and legal barriers, affordable solutions like Sana are desperately needed. ”

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Notes to editors

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About Sana Life Science

Headquartered in London, Sana Life Science is the leading European distributor of medical and wellness cannabis, operating in the UK, Germany and Israel. Having developed innovative in-house technology, he has built a revolutionary supply chain platform to transform and improve the way the cannabis industry operates.

The Sana Life Science group is comprised of Sana Healthcare (a fully licensed medical cannabis importer and distributor), Sana Manufacturing (a manufacturer of consumer cannabis, oils, gummies, and vaporizers), and Sana Lifestyle (a distributor of cannabis products of consumption).

Sana Life Science was founded by former Boston Consulting Group colleagues Ben Hamburger and Arjun Rajyagor, who also won Junior Apprentice in 2010. Ben is now managing director of Sana and Arjun, their chief operating officer. Sana currently employs 33 people.

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Sana Life Science secures £ 7.4m investment in seed – UK technology investment news

Source link Sana Life Science secures £ 7.4m investment in seed – UK technology investment news

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