Tilray Brands, Inc. (“Tilray” or “the Company”) (Nasdaq: TLRY; TSX: TLRY), a global leader in cannabis research, cultivation, production, and distribution, today announced that its medical cannabis division, Tilray Medical and FL Group, the Company’s subsidiary in Italy, have received authorization from Italy’s Ministry of Health to distribute three new medical cannabis compounds. These medical cannabis compounds will be distributed by FL Group to pharmacies across Italyfurther broadening its portfolio of pharmaceutical grade cannabis offerings. Tilray also announces a new strategic partnership with Pharmaidea, a Petrone Groupcompany, to market and educate over 12,000 pharmacies across Italy on the benefits of medical cannabis and medical cannabis patient care.
Tilray Medical has an established broad national pharmaceutical distribution network in Italy, where medical cannabis is reimbursed by the healthcare system to eligible patients. Tilray’s new medical cannabis authorizations include three cannabis extracts which through pharmaceutical compounding by pharmacists are made available for patients. Medical doctors may now prescribe Tilray supplied medical cannabis extracts at different concentrations throughout the country.
Denise Faltischek, Chief Strategy Officer and Head of International, Tilray Brands, Inc. said, “We are pleased to broaden our medical cannabis offering to Italy and support pharmacies with medical cannabis education through our new Pharmaidea partnership. We are extremely humbled by the trust that patients, health care providers and governments have placed in us and our medical cannabis products and take our responsibility very seriously. Our Tilray Medical team remains dedicated to patient advocacy and education across our international markets while providing quality, consistent medicinal cannabis for commercial, compassionate access, and research purposes.”
Tilray Medical is also proud to partner with the oncology and patient care research community in Italy by supporting the leading cancer and patient care conference. The ONCOWELLNESS conference is accredited by Italy’s Ministry of Health and led by Dr. Vittorio A. Guardamagna, National Coordinator and Director SC Pain Therapy and Palliative Care at the European Institute of Oncology (IEO) Milan. The conference includes participation from Italy’s premier healthcare practitioners across Orthopedics, Geriatrics, Anesthesia, Intensive Care, Physiatry, Oncology, Palliative Care, Internal Medicine, surgery, and research.
Conference participants will share experiences in daily practice, discuss integrated and multidisciplinary therapeutic strategies, and deepen the guidelines for the results of clinical trials and the introduction of therapy preparations based on medical cannabis. The ONCOWELLNESS conference will be held in Milan on May 27, 2023, in Florence at the Careggi Hospital on September 9, 2023, and in Bari at the University Hospital UNIBA on November 18, 2023.
Tilray Medical is one of the leading providers of EU-GMP certified medicinal cannabis in the world. Today, Tilray Medical offers a comprehensive portfolio of medical cannabis products in over 20 countries that patients may access by consulting their healthcare practitioner.
