on Cantourage Group SE (isin : DE000A3DSV01)
Cantourage Group SE Records Highest Monthly Revenue in Company History
Berlin, June 14th, 2024 – Cantourage Group SE reported its highest monthly revenue in May 2024, reaching EUR 3.5 million. This surge follows the partial legalization of cannabis in Germany in April 2024, significantly boosting demand for high-quality cannabis products.
The company anticipated this demand and expanded its production facilities in the first quarter of 2024. Additionally, Cantourage launched an online platform, Telecan, for easier access to cannabis therapy. The company plans to further increase capacity through a strategic partnership with Portuguese company Portocanna, aiming to deliver up to 14 tons of cannabis flower per year.
Philip Schetter, CEO of Cantourage, noted that the new legal status of cannabis has led to greater acceptance and usage in Germany. Cantourage feels prepared to meet this rising demand with its expanded production capabilities.
R. P.
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