Business
Expansion of Treat It to Mental Health Treatments
Expansion of Treat It to Mental Health Treatments.
About this update from Kanabo Group Plc
[{"type":"text","content":"\n\n\n \n28 March 2024\nKanabo Group Plc\n(\"Kanabo\", the \"Group\" or the \"Company\")\n \nExpansion of Treat It Clinic to Offer Mental Health Treatments\n \nKanabo Group plc (LSE: KNB) is pleased to announce the expansion of its online clinic, Treat It, to include specialised mental health treatments. This expansion comes at a time when national mental health infrastructure is under extreme pressure, and this service will allow individuals who are suffering from conditions such as anxiety, PTSD or ADHD to securely access to treatments through the Group's digital health platform.\n \nAs with Treat It's existing pain management offering, the mental health service will focus on secondary care, including prescriptions for alternative medications such as medical cannabis. While studies on the efficacy of medical cannabis in this area remain nascent, some evidence indicates that medicinal cannabis may help alleviate symptoms of conditions such as PTSD.\n \nMental Health in the UK\nIn 2022, around one in six adults experienced moderate to severe depressive symptoms, an increase from pre-pandemic levels. In the fourth quarter of 2023, around 22% of the adult population experienced a high level of anxiety. The non-profit organisation PTSD Today estimates that around 1 in 10 people in the UK, or around 6.6 million people, might experience PTSD during their lifetime. Meanwhile, mental health services are underserved, with the national situation being described as a crisis or an emergency. This new Clinic offering will provide patients for whom other therapies and medications may not have worked with new opportunities to treat their ailments.\n \nProgression in Line with Half-Year Results\nThis achievement aligns with the Company's current corporate goals, as laid out in its Half-Year Results (published 29 Sept 2023). In 2024, alongside expanding its secondary care offerings to include specialist mental health services, Kanabo has launched two in-pharmacy clinics (as announced on 15 January 2024) to establish a physical presence for its clinics. The Company plans to continue this momentum by expanding its primary care services and extending its footprint into the EU market in the near future.\n \nAvihu Tamir, CEO, commented: \"Since mental health is the second largest indication for medical ...