{"id":4025,"date":"2020-01-29T10:56:32","date_gmt":"2020-01-29T00:26:32","guid":{"rendered":"https:\/\/strawman.com\/blog\/?p=4025"},"modified":"2020-01-29T14:28:55","modified_gmt":"2020-01-29T03:58:55","slug":"creso-pharma-asxcph-hits-major-medical-cannabis-milestones-in-human-and-animal-health","status":"publish","type":"post","link":"https:\/\/strawman.com\/blog\/creso-pharma-asxcph-hits-major-medical-cannabis-milestones-in-human-and-animal-health\/","title":{"rendered":"Creso Pharma (ASX:CPH) hits major medical cannabis milestones in human and animal health"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The global&nbsp;<a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/legal-marijuana-market\">legal marijuana market<\/a>&nbsp;size is expected to reach US$66.3 billion by the end of 2025.<\/p>\n\n\n\n<p>Growth will be fuelled by increasing legalisation and the growing adoption of cannabis as a pharmaceutical product for treating severe medical conditions, such as cancer, Parkinson\u2019s disease, Alzheimer\u2019s disease, arthritis, and other neurological conditions.<\/p>\n\n\n\n<p>The US has already legalised medical marijuana in 33 states, with early mover states such as&nbsp;<a href=\"https:\/\/thegreenfund.com\/welcome-to-colorado-the-ancillary-cannabis-state\">Colorado<\/a>&nbsp;reaping big rewards, bringing in US$1bn in tax revenue since that state legalised the once illegal drug.<\/p>\n\n\n\n<p>In the US alone, cannabis has generated an estimated&nbsp;<a href=\"https:\/\/www.inc.com\/will-yakowicz\/marijuana-sales-2016-50-billion.html\">$US52 billion in sales<\/a>&nbsp;revenue, while creating just<a href=\"https:\/\/www.cnbc.com\/2019\/03\/14\/the-marijuana-industry-looks-like-the-fastest-growing-job-market-in-the-country.html\">&nbsp;shy of 65,000<\/a>&nbsp;jobs in the cannabis space in 2018.<\/p>\n\n\n\n<p>With the growth of the industry, has come a rise in cannabis-infused edibles including&nbsp;brownies, chocolate bars,&nbsp;cookies,&nbsp;drinks,&nbsp;pills,&nbsp;snacks,&nbsp;spreads and lozenges.&nbsp;<\/p>\n\n\n\n<p>The industry has transitioned so completely and comprehensively that some companies in North America offer a \u201cmedicated\u201d meals-on-wheels service for patients that cannot physically leave the house.<\/p>\n\n\n\n<p>Heavily linked to this sector is Creso Pharma&nbsp;(<a href=\"https:\/\/finfeed.com\/company\/cph\/\">ASX:CPH<\/a>, FRA:1X8), which could have a global impact, including in the US, with its range of medical cannabis products.<\/p>\n\n\n\n<p>Creso is across the entire cannabis supply chain and has developed relationships that have paved the way for entry into new markets, whilst potentially generating substantial revenues in coming years with immediate traction likely to occur as early as 2020 through its animal health and human health products.<\/p>\n\n\n\n<p>Designed for human, Creso\u2019s cannaQIX\u00ae range of products has already had an impact. This suite of products helps manage stress and chronic pain and could be vital to this new segment of the health market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The cannaQIX\u00ae range<\/h2>\n\n\n\n<p>The cannaQIX\u00ae range of products has already had global impact.&nbsp;<\/p>\n\n\n\n<p>The cannaQIX\u00ae hemp oil derived food supplement is currently available in Switzerland, UK, Australia, Brazil and New Zealand.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/YC6uFxnw-sKq4A7NWfQ0rpfhUMbZIlXf3Q6ObO-AXcUMT-dpzWFTsAFmLZAczjgsCTBmamluUh3tI4_97tfhVQGknWnxF3VJ9Lawj92AQKg1L3PjieWXDhBeAB0wpW7YhZ4cpVKPxzEG8ga5Yg\" alt=\"https:\/\/cdn.nextbiotech.com.au\/images\/Creso_Pharma_product_line.width-700.png\"\/><\/figure>\n\n\n\n<p>In December 2019, Creso through African subsidiary Pharma Dynamics, received initial orders worth approximately A$300,000 for the cannaQIX\u00ae product range. Products are anticipated to be available in South Africa in April 2020.<\/p>\n\n\n\n<p>The range of products is also available in major retailers Holland &amp; Barrett and Boots in the UK, whilst sales of its flagship medicinal cannabis product cannaQIX\u00ae 50 have begun at Burleigh Heads Cannabis, one of Australia\u2019s leading medicinal cannabis distribution companies.<\/p>\n\n\n\n<p>CannaQIX\u00ae\u2019s global market penetration has increased significantly, with cannaQIX\u00ae, with Creso recently marking a major milestone of&nbsp; 100,000 packs sold.<\/p>\n\n\n\n<p>The 100,000 packs sold milestone corresponds to over 2.5 million cannaQIX\u00ae lozenges sold since the product\u2019s launch in April 2018.<\/p>\n\n\n\n<p>There are currently three cannaQIX\u00ae lines: cannaQIX\u00ae 10 helps manage stress and cannaQIX\u00ae 25 and 50 helps manage chronic pain.<\/p>\n\n\n\n<p>Products are being distributed through pharmacies and drug stores in Europe, as well as through doctors and clinics in Oceania and Latin America.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Creso\u2019s animal health products have had a similar impact<\/h2>\n\n\n\n<p>Creso\u2019s animal health product anibidiol\u00ae reach an estimated 100,000 dogs, equating to over three million anibidiol\u00ae sachets doses sold since the products launch in late-2017.<\/p>\n\n\n\n<p>This milestone corresponds to over 3 million sachets doses of anibidiol\u00ae granules used as complementary feed.<\/p>\n\n\n\n<p>anibidiol\u00ae Regular and anibidiol\u00ae Plus are commercialised for small, medium-sized and large pets to support the reduction of stress and help the animals\u2019 nervous systems to function well.<\/p>\n\n\n\n<p>Pet owners report anibidiol\u00ae has also contributed to the management of pain and improved the vitality of their pets after one week of use in addition to normal feed.<\/p>\n\n\n\n<p>Creso has filed its animal health products in Argentina and Uruguay and is in discussions with several potential US partners to introduce its products, human and animal, into selected US states.<\/p>\n\n\n\n<p>Having identified commercial partners, negotiated terms and outlined long term collaboration plans on its existing range of products, as well as for new products, 2020 is set to be a milestone year for Creso.<\/p>\n\n\n\n<p>The positive news flow throughout January has already resulted in Creso\u2019s share price increasing by more than 70% from about 11 cents at the start of the month to a high of 19 cents.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-color has-cyan-bluish-gray-color\"><em><strong>Disclaimer\u2013<\/strong> <\/em> <em>This content was produced and paid for by StocksDigital. The author may hold positions in the stocks mentioned in this publication, at the time of writing. The information contained in the publication and the links shared are general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. For errors that warrant correction please contact the editor at admin@strawman.com.<\/em><\/p>\n\n\n\n<p class=\"has-text-color has-background has-very-dark-gray-color has-very-light-gray-background-color\"><em>Strawman is Australia&#8217;s premier online investment club. Join for free to access independent &amp; actionable recommendations from proven private investors.<\/em><br><\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-text-color has-very-light-gray-color has-background has-tertiary-background-color\" href=\"https:\/\/strawman.com\/member\/landing\/signup\">Register for free ASX recommendations<\/a><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"text-align:center\" class=\"has-text-color has-cyan-bluish-gray-color\">\u00a9 2019 Strawman Pty Ltd. All rights reserved.<\/p>\n\n\n\n<p style=\"text-align:center\">| <a href=\"https:\/\/strawman.com\/member\/landing\/privacy\">Privacy Policy<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/strawman.com\/member\/landing\/terms\">Terms of Service<\/a> | <a href=\"https:\/\/strawman.com\/member\/landing\/fsg\">Financial Services Guide<\/a> | <\/p>\n\n\n\n<p style=\"text-align:center\" class=\"has-text-color has-cyan-bluish-gray-color\">ACN: 610 908 211 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global&nbsp;legal marijuana market&nbsp;size is expected to reach US$66.3 billion by the end of 2025. Growth will be fuelled by increasing legalisation and the growing adoption of cannabis as a pharmaceutical product for treating severe medical conditions, such as cancer, Parkinson\u2019s disease, Alzheimer\u2019s disease, arthritis, and other neurological conditions. The US has already legalised medical marijuana in 33 states, with [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":4028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100],"tags":[],"class_list":["post-4025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sponsored"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Creso Pharma (ASX:CPH) hits major medical cannabis milestones in human and animal health - Strawman Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/strawman.com\/blog\/creso-pharma-asxcph-hits-major-medical-cannabis-milestones-in-human-and-animal-health\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Creso Pharma (ASX:CPH) hits major medical cannabis milestones in human and animal health - Strawman Blog\" \/>\n<meta property=\"og:description\" content=\"The global&nbsp;legal marijuana market&nbsp;size is expected to reach US$66.3 billion by the end of 2025. Growth will be fuelled by increasing legalisation and the growing adoption of cannabis as a pharmaceutical product for treating severe medical conditions, such as cancer, Parkinson\u2019s disease, Alzheimer\u2019s disease, arthritis, and other neurological conditions. 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