Essence Investment Acquires AMP Alternative Medical Products GmbH
ZUG, Switzerland – Essence Investment AG (“Essence” or the “Company”), a leading Swiss holding supporting the growth of the European cannabis industry, today announced the acquisition on 30 December 2022 of a 100% stake in AMP Alternative Medical Products GmbH (“AMP”), a German-licensed importer and distributor of EU-GMP medical cannabis products. In addition to valuing AMP’s intrinsic investment potential, 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. Henricus J. Stander III, a Member of the Board of Directors of Essence, commented, “AMP’s people are first-rate and have built trusted, strong relationships with key German distributors and pharmacies, as well as leading suppliers of medical cannabis from Canada, Netherlands and Denmark. The Swiss-grown product of Marry Jane and Swiss Extract represents the highest quality and w...