Business
Cosmos Health's Cana Secures Contract Manufacturing Agreement with Australia's Humacology for up to 500,000 CBD Units Annually
CHICAGO, IL / ACCESSWIRE / July 9, 2024 / Cosmos Health Inc. ("Cosmos Health" or the "Company'') (NASDAQ:COSM), a diversified, vertically integrated global
About this update from Cosmos Health Inc.
[{"type":"text","content":"CHICAGO, IL / ACCESSWIRE / July 9, 2024 / Cosmos Health Inc. (\"Cosmos Health\" or the \"Company'') (NASDAQ:COSM), a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, announced today that its wholly-owned subsidiary, Cana Laboratories (\"Cana\"), has secured a contract manufacturing agreement with Australian-based wellness company Humacology.Humacology is a leading provider of high-quality CBD therapies and pharmaceutical-grade medicinal cannabis to Australian patients and recently received the prestigious Cannabiz Award for Innovation. Humacology is currently embarking on a global expansion drive and has entrusted Cana to manufacture up to 500,000 units of its CBD products.This is the second consecutive agreement announced by Cana over the past week, following its previously announced contract manufacturing agreement with Provident Pharmaceuticals for 4.32 million units (vials) of DE3-SOLE, which is used to address vitamin D deficiency by helping the body absorb calcium and promote overall health.James Dale, CEO of Humacolgy, stated: \"We are thrilled with the service standards of Cana Laboratories and are looking forward to our continued working partnership and growing together.\"Greg Siokas, CEO of Cosmos Health, stated: \"We are currently scaling up our high-margin contract manufacturing business at a rapid pace, as evidenced by our back-to-back agreements with Humacology and Provident. Cosmos is close to securing several more highly profitable contract manufacturing agreements and will provide updates as soon as any new agreements materialize.\"About Cosmos Health Inc.Cosmos Health Inc. (Nasdaq:COSM), incorporated in 2009 in Nevada, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life®, Mediterranation®, bio-bebe® and C-Sept®. Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency, it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. Cosmos Health also di...