Another Swiss cannabis company buys into Formula Swiss Medical in Denmark

May 25, 2022 1 min read

Another Swiss cannabis company buys into Formula Swiss Medical in Denmark

We have just announced that we have sold 20% of the shares in Danish Formula Swiss Medical ApS to Juicy Fields AG in Switzerland in a deal that values the medical cannabis company in Denmark at over DKK 100 million. 

Formula Swiss, founded in Switzerland in 2013, was the majority shareholder in the Danish company since its launch in March last year, but retains a 40% stake. 

Formula Swiss produces organic CBD products in Switzerland for customers in more than 60 countries as well as medical cannabis since 2019 for thousands of patients in Brazil. The company has companies in Denmark, the United Kingdom, Portugal, Romania and Thailand, among others. 

CEO Robin Roy Krigslund-Hansen said:

"Formula Swiss Medical in Denmark has exceeded all expectations since its start-up last year and with this expansion of the ownership circle we get partners on board who know everything about the international market for THC products and medical cannabis. At the same time, they can sell more than we can produce. That's good business."

Formula Swiss has been profitable for several years, so the desire has not been to raise capital, but to get the right partners on board the company.

Juicy Fields started a few years ago in Germany, and is now the world's largest e-growing platform with more than 250,000 registered users buying and investing in THC products through the platform. 

Chairman of Formula Swiss Medical, Peter Møller Lassen adds:

"We have had a great start and with another strong partner in the ownership we can launch more new cannabis projects in Denmark."

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