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MediNavi AG: MediNavi AG makes significant acquisition

Strengthening of position within the European medical cannabis and nutraceutical markets

Frankfurt am Main (pta012/28.09.2022/10:30 UTC+2)

28.09.2022 - MediNavi AG acquires 100% of the Danish based company, Nordic Swan Pharma Group ApS, to be paid in full through the issue of 1,268.000 new shares and a convertible note to the sum of EUR 1.8 million to be converted into 1,080.000 new shares.

Nordic Swan Pharma ApS whose vision it is to improve the quality of patient life has been investing in the medical cannabis market throughout Europe for an extended period of time and has also been researching, developing, and manufacturing several products with cannabinoids in cosmetics, nutraceuticals, skincare, and food supplements. Products are currently sold in six European countries and are expected to cover most of Europe by the end of 2022.

Nordic Swan Pharma will be the main asset in developing MediNavi AG into a major contender within the European industry for medical cannabis and nutraceuticals.

The European market is becoming more liberal and the medical use of cannabis has already been legalised in the UK, Denmark, and Germany. In 2019, the European market for medicinal cannabis was valued at EUR 230-250 million, with Germany unquestionably being the largest market with annual sales estimated to be at least EUR 170 million.

Germany is also expected to become the largest adult-use cannabis market in the world by 2024. Measured by population, Germany will be the largest country in the world to legalise cannabis – but not the first. Canada began the legalisation process in 2018, and 18 of the 50 United States, as well as Uruguay, have already legalised the sale and use of cannabis for recreational purposes.

Germany will become the second country in Europe to legalise the recreational use of cannabis. In December 2021, Malta became the first EU country to legalise the cultivation and personal use of cannabis.

The German legalisation process is expected to commence in the new year, and a revaluation of the view of cannabis in general seems to be ongoing in several places around the world.

CEO of MediNavi; Anna Wohlthat clarifies: »The acquisition of the of Nordic Swan Pharma is a milestone in the development of MediNavi AG. We're confident that the welcoming of Nordic Swan Pharma to MediNavi will further the Company's aim to establish a strong position in the rapidly growing European cannabinoid market«.

CEO of Nordic Swan Pharma Group; Stefan Munksgaard Berg continues: »I second the sentiment that combining the ingenuity and tireless commitment of MediNavi with Nordic Swan Pharma's skills in product development, production, and distribution makes perfect sense and is yet another step in the right direction to availing ourselves of the opportunities that the legalisation of cannabis for recreational use affords«.


Some statements in this release may contain forward-looking information. All statements, other than of historical fact that addresses activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future (including but not limited to statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by the use of words like 'may', 'will', 'should', 'continue', 'expect', 'anticipate', 'estimate', 'believe', 'intend', 'plan', or 'project' – or the negative of the words mentioned as well as any variations thereof including but not limited to comparable terminology.

Forward-looking statements are subject to several risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, to obtain sufficient financing to execute the Company's business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company's research strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities.

Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements.

About MediNavi AG

MediNavi AG is a holding company based in Frankfurt, Germany. Our vision is to become the central navigator for medical services and to transcend the borders of Germany.

Issuer:MediNavi AG
Hausener Weg 29
60489 Frankfurt am Main,
Press contact:CEO Anna Wohlthat
Stock Exchange:High Risk Market in Hamburg
ISIN(s):DE000A3MQRE9 (Stock)

About Nordic Swan Pharma Group ApS

Nordic Swan Pharma Group is a pharmaceutical company specialized in medicinal cannabis and cannabinoids. Nordic Swan Pharma Group are investing in the Medical Cannabis Industry across Europe with a dedication and vision to improve individual's quality of life. We are specialized in the development and manufacturing of medical devices, nutraceuticals and skincare containing cannabinoids and other powerful ingredients.


Emitter: MediNavi AG
Hausener Weg 29
60489 Frankfurt am Main
Contact Person: Anna Wohlthat
ISIN(s): DE000A3MQRE9 (Share)
Stock Exchange(s): Free Market in Hamburg (High Risk Market)