How the product is processed and sold matters more than how much is grown. Our processing strategy is designed to capture the maximum value from every kilogram of flower.
GACP to GMP: The Pathway to Market
Our GACP certification covers the agricultural phase of production. To reach EU pharmacy shelves, product must pass through a GMP-certified processing facility. In the near term, we work with established European GMP-certified processing partners. Our target is to achieve our own EU-GMP certification by the end of 2026 with the completion of our dedicated processing facility — bringing the full value chain in-house.
GACP
Agricultural-phase certification to EU standards.
Partner GMP processing
Established European GMP-certified processors.
Own EU-GMP facility
Dedicated processing facility, value chain in-house.
Toll Processing: Retained Ownership
Instead of selling flower outright to a contract manufacturer, we pay a partner GMP-certified facility to process on a fee basis and retain ownership of the finished product. We then sell directly to German and EU distributors at pharmaceutical wholesale prices. This approximately doubles revenue per batch compared to outright CMO sales. Once our own GMP facility is operational by end of 2026, we capture the full margin in-house.
Illustrative only. Reflects management’s description that retained ownership approximately doubles revenue per batch versus outright CMO sales. Not a forecast.
Rosin: The Solventless Premium
Rosin is extracted using heat and pressure alone, producing a pharmaceutical-grade concentrate with zero residual solvents. It commands a significant premium over dried flower, has a cleaner regulatory profile, and is increasingly preferred by clinicians and patients for formulation into capsules, tinctures and topicals.
Distribution Partners
We are in active discussions with established EU GMP-certified processing and distribution partners with proven German market access and multi-market capability. These partnerships provide our route to market while we build towards our own GMP certification.