Turnkey dispensary operator and cultivator Ultra Health, based in Arizona with extensive operations in New Mexico and expanding to Nevada, has turned to an Israeli company, Panaxia, to make its medical cannabis products more medical. Panaxia will build a factory in New Mexico and has received a $250K purchase commitment from Ultra Health for products that include sublingual tablets, rectal and vaginal suppositories and oral spray inhalers. Panaxia plans to work with other medical cannabis companies as well.
Panaxia’s extraction methods will allow Ultra Health to have precise dosing, a key criterion for gaining broader support for medical cannabis from the physician community. Panaxia, which is currently getting ready to conduct clinical trials for its products in Israel, plans to build multiple factories in the U.S.
Read Gali Weinreb’s “Israeli medical cannabis co to build New Mexico plant”: http://www.globes.co.il/en/article-israeli-medical-cannabis-co-to-build-new-mexico-plant-1001128223