Essence Investment AG has acquired AMP Alternative Medical Products GmbH. Essence anticipates that its Swiss-based portfolio companies, Marry Jane AG and Swiss Extract AG, will benefit from AMP’s distribution capacity in Germany’s large and growing medical cannabis market. Terms of the deal were not disclosed.
AMP Alternative Medical Products is licensed to import European Union – Good Manufacturing Practice medical cannabis and sell to pharmaceutical distributors or pharmacists. Importing medical cannabis from the Netherlands, Canada and Denmark, AMP is supplying approximately 150 pharmacies throughout Germany.
Essence Investment is a Swiss company providing cannabis products to European patients and consumers.
According to data captured in the LevinPro HC database, this transaction represents the first healthcare product distributor deal of 2023. There were 28 healthcare product distributor transactions in 2022.
