Press release from Companies
Publicerat: 2023-05-26 11:28:10
CS MEDICA A/S will deliver 45.500 pain patches in July to customers and thus faster than expected and have signed new distributors in new regions with an estimated order value of 5.6M DKK in the first contract year.
CS MEDICA A/S (“CS MEDICA” or the “Company”) is happy to announce that the order intake from Q1 on the Pain Patch is ready for delivery in July, with an approximately two months shorter lead time than last year orders. Hence the company's new own-label customers in Italy (Montefamarco), Austria (BioBloom), and existing customer Forbe Health in Israel will receive the 45.500 products in total within two months, which will have a positive effect on CS MEDICA's cash flow. Lone Henriksen, CEO CS MEDICA, comments "It is very positive to witness the effect from our improved processes which not only benefits our customers, but also CS MEDICA's cash flow". New European and APAC distributors Lone Henriksen, CEO CS MEDICA, continues "We are proud to announce our presence in APAC (Asia Pacific) is growing with strong partners as this target region is one of the fastest growing within CBD and alternative OTC products. Furthermore, we are pleased that the European markets are actively requesting to distribute our branded products." Outlook for 2022/23 is reiterated CS MEDICA A/S is a Danish-based MedTech company operating within research, development, manufacturing, commercializing, and a part of the pharmaceutical industry. The company combines science and nature with the purpose of creating products for a better every day by using modern technology to research and utilize different compounds found in the cannabis plant. CS MEDICA offers efficient, safe OTC alternative treatments for autoimmune and stress-related disorders under the trademark CANNASEN® or own label options. The company is listed on Spotlight Stock Market in Stockholm (symbol: "CSMED"). For more information, visit cs-medica.com, and LinkedIn.
CS Medica has signed new, strong distributors in Balkan and Australia for the entire CANNASEN® line of products.
The Company's expectations of year-to-date revenue growth of 120-130% from DKK 10.6M in 2021/22 and increased operating profits are reiterated.
For more information about CS MEDICA, please contact:
Lone Henriksen, CEO
Phone: + (45) 71 20 30 47
Email: lh@cs-medica.com
Website: https://www.cs-medica.com/