Last week, the International Cannabis Business Conference (ICBC) took place in Berlin. That was two days of full industry networking, presentations and interviews of well known speakers in the cannabis industry.
And last but not least, earlier this month Prohibition Partners released "The Cannabis Extraction Report" which in a nutshell finds that the emerging extraction industry is proving to be one of the most active areas of innovation and growth in the cannabis industry.
As for SOMAÍ Pharmaceuticals, we are starting the first steps of our Dossier Preparation Process, which is a huge step for the development of our future products and also for the unique formulations we will produce with our partners. We have had over 30 requests to date and are working to get everyone's paperwork and documents in-order.
Dossier preparation - Phase 1
The time has come to start our lab-scale extraction and we need to choose our biomass suppliers and oil producers that want to be EU-GMP certified. As groups fill out the paperwork, we will be onboard starting material and start preparing our dossiers for extracts of each growers genetics or blend of genetics.
Phase 1 of our Dossier Preparation Process is qualifying our suppliers. Right now we are sending out our Quality & Product Specification Questionnaires that will provide us with all necessary information for the incoming product and ensure that the product meets our standards as extraction raw material and is of highest quality and capacity.
We will then be able to finally pick a few of the growers to onboard their product for our dossier preparation - this is a step of high importance as we will be able to register each extract with the Portuguese authorities by building a separate dossier for each API. By early 2022, we will be ready for industrial scale extraction, and will have identified the profile of each strain plus validated our processes.
Here are the latest articles from our CEO, Michael Sassano:
- Why Germany is Not the Future Leader of European Cannabis
- GMP Series #5: ERP Implementations
- The Advantages of Ethanol Extraction
- Cannabis Stocks Next Big Wave Is Coming Late August
- Does Big Business Provide A Better Look Into Cannabis Reform Than Capitol Hill? Operators Believe So.
- Could Drug Store Giants Eventually Sell THC? It's Possible, But Many Hurdles Remain