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DJ Freyherr International Group PLC Statement re: Award of Good Distribution Practice


RNS Number : 0735X

Freyherr International Group PLC

17 December 2019

Freyherr International Group plc

Statement Re: Award of Good Distribution Practice Certificates

The Directors of Freyherr International Group plc ('Freyherr International' or 'the Company'), the medicinal cannabis group based in Slovenia, are pleased to announce that Freyherr Pharma, a company within Freyherr Group, has been issued with two good distribution practice ("GDP") certificates by the Agency for Medicinal Products and Medical Devices of the Republic of Slovenia (JAZMP).

The certificates, issued after inspection of the Company's facility at Koper, are for 'Compliance of a Wholesale Distributor' and for 'Compliance of a Distributor of Active Substances for use as starting materials in Medicinal Products for Human Use'. These certificates allow Freyherr to import active pharmaceutical ingredients ("APIs"), including cannabidiol ("CBD") from EU member states and distribute APIs within and outside the EU.

The award of this GDP certification for APIs confirms Freyherr commitment to the highest standards of compliance in every aspect of its warehousing and logistic activities. The GDP system for APIs ensures that the quality and integrity of APIs is maintained throughout the supply chain, including authorisation according to EU legislation; storage in controlled conditions at all times and the avoidance of contamination by or of other products.

Mr Frelih, the CEO of Freyherr, commented:

"Obtaining this new certification reinforces the solid basis we have created for dealing with pharmaceutical material and we continue to upgrade our facilities and look forward to extending the system to other cannabis materials and becoming a valued partner in pharmaceutical distribution."

The directors of the issuer accept responsibility for the contents of this announcement

For further information please contact:

 Toma Frelih 
  Freyherr International Group plc 
  No.1 London Bridge 
  London SE1 9BG                               00 386 (41) 444 845 
  Corporate Advisor                                  0207 101 7676 
  David Papworth               
  Level 17 Dashwood House 
  69 Old Broad Street 
  EC2M 1QS 
  Investor Relations 
  Tony Burke 
  97 Jermyn Street 
  SW1Y 6JE                                           020 7839 5081 

Note to Editors:

Freyherr International Group plc is the UK parent company of a group engaged in the production of medicinal cannabis and CBD products. The group is committed to research, development, cultivation, processing and production of Active Pharmaceutical Ingredients ("APIs"), final products and dosing packaging. Operations are centered in Slovenia and the Group principally operates within the EU.

Freyherr Pharma d.o.o. is the pharmaceutical arm of the Group and holds an EU GMP certificate. It operates from a certified production facility, manufactures CBD products for the Group and produces white label CBD products for customers in various EU countries. Its quality assurance department specializes in EU pharmaceutical quality systems, and particularly those relating to cannabis specifically. An important strength of Freyherr Pharma is also research and development department which has expertise in the cultivation, processing, formulation and legal and regulatory compliance of cannabis-based products. Freyherr Pharma has also invested in cannabis production facilities in other jurisdictions.

Patron d.o.o. is the dispenser production arm which has been operating since 2015. It develops, produces and markets products suitable for dosing concentrates and extracts. The company also offers analytical services for determination of the cannabinoid content (CBD, THC and 11 other cannabinoids) of dried plant material, extracts, concentrates or finished products.

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December 17, 2019 02:00 ET (07:00 GMT)