Freyherr Intnl Group - Statement re: Merger of Subsidiaries
RNS Number : 4196U
Freyherr International Group PLC
22 November 2019
 

Freyherr International Group plc

 

Statement Re: Merger of Subsidiaries

The Directors of Freyherr International Group plc ('Freyherr International' or 'the Company'), the medicinal cannabis group based in Slovenia, are pleased to announce that they have completed the merger of two of the Slovenian operating companies, Freyherr d.o.o. and Freyherr Pharma d.o.o. with effect from 15th November 2019.

Freyherr Pharma d.o.o. is the universal legal successor to Freyherr d.o.o. and has assumed all its rights and obligations and acquired all its tangible and intangible assets. The business and services provided by the Slovenian companies remain unchanged and Freyherr Pharma d.o.o. becomes a direct 100% subsidiary of Freyherr International. Appropriate entries were made in the Business Registry in Ljubljana on 21 November.

Mr Frelih, the CEO of Freyherr, said:

"We're delighted that we've now completed the merger of these two companies. This integration will facilitate the improvement of our processes and streamline our internal communications and reporting lines. It should also simplify the application processes for further GMP certificates and other licensing and regulatory approvals."

The directors of the issuer accept responsibility for the contents of this announcement

For further information please contact:

 

FREYHERR INTERNATIONAL GROUP PLC

 

 

Tomaž Frelih

Freyherr International Group plc

No.1 London Bridge

London SE1 9BG

 

00 386 (41) 444 845

CITY & MERCHANT LIMITED

Corporate Advisor

David Papworth

Level 17 Dashwood House

69 Old Broad Street

London

EC2M 1QS

 

 

0207 101 7676

info@cityandmerchant.co.uk

HELFORD CAPITAL PARTNERS LLP

Investor Relations

Tony Burke

97 Jermyn Street

London

SW1Y 6JE

 

 

020 7839 5081

 

Note to Editors:

Freyherr International Group plc is the UK parent company of a group engaged in the production of medicinal cannabis and CBD products. The group is committed to research, development, cultivation, processing and production of Active Pharmaceutical Ingredients ("APIs"), final products and dosing packaging. Operations are centered in Slovenia and the Group principally operates within the EU.

Freyherr Pharma d.o.o. is the pharmaceutical arm of the Group and holds an EU GMP certificate. It operates from a certified production facility, manufactures CBD products for the Group and produces white label CBD products for customers in various EU countries. Its quality assurance department specializes in EU pharmaceutical quality systems, and particularly those relating to cannabis specifically. An important strength of Freyherr Pharma is also research and development department which has expertise in the cultivation, processing, formulation and legal and regulatory compliance of cannabis-based products. Freyherr Pharma has also invested in cannabis production facilities in other jurisdictions.

Patron d.o.o. is the dispenser production arm which has been operating since 2015. It develops, produces and markets products suitable for dosing concentrates and extracts. The company also offers analytical services for the determination of the cannabinoid content (CBD, THC and 11 other cannabinoids) of dried plant material, extracts, concentrates or finished products.


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