Bored and MPXI buing all Alpha farm in MaltaBortex Partners Up With Canadian Corporation To Open 3 Million Cannabis Facility In Malta The GMP-approved lab will be taking over 1,200 square metres of space in Mrieel Johnathan Cilia17 hours ago 0 An international corporation will be going ahead with plans to develop a medical cannabis pharmaceutical facility worth 3 million in Malta - and it will be doing so in partnership with Malta's high-end retail brand Bortex Group. MPX International, who have made their name cultivating, manufacturing and marketing medical cannabis products worldwide, announced that MPXI Malta Property Ltd and Bortex Group had signed a "definitive agreement" to buy all of Alphafarma Operations Ltd's - a company currently registered in Malta - outstanding shares. We have been extremely fortunate to have been able to identify a 1,200 square meter GMP-ready facility in Mrieel which can quickly be adapted and certified for EU-GMP cannabis production. Scott Boyes, MPXIs Chairman, President and Chief Executive Officer, said. Bortex, which is being termed as a "well-established Maltese conglomerate involved in manufacturing, distribution, retail operations and property development" is being brought in to provide the local oversight and support to the company's operations. This is an important step in our European expansion plan. Malta not only provides a strategic gateway to the emerging EU markets, but also upholds high pharmaceutical standards and a strong regulatory framework. We look forward to combining our cannabis expertise and intellectual property with some of Europes leading pharmaceutical talent, Daniel Fryer, MPXIs Head of European Development, said. Following the acquisition of the shares, Bortex and MPXI will be able to access a fully GMP-ready medical cannabis facility in Mrieel Paired with a Letter of Intent from Malta Enterprise for a cannabis production license, the strategic partnership could mean big things for the companies - as well as for the local medical cannabis industry. The companies will be able to import, extract and produce the final medical cannabis product, and distribute their products both in Malta as well as international markets where the medicine is legal, such as in the European Union. The 3 million investment is believed to cover refurbishment works in the facility, as well as to obtain extraction, processing and packing equipment and to provide capital. What do you think of the newest partnership on the island?READ NEXT:30,000 Square Meters Of al Far Land To Become Cluster For Cannabis Business 0 WRITTEN BY Johnathan Cilia Johnathan is interested in the weird, dark, and wonderful contradictions our late-capitalist society forces upon us. He also likes music and food. Contact him atjohnathan@lovinmalta.com. VIEW MORE POSTS 3Comments NewsREAD MORE Bortex Partners Up With Canadian Corporation To Open 3 Million Cannabis Facility In Malta Maltese Exam Interrupted By Noisy 'Hens Party' To Be Investigated By MATSEC WATCH: Nationalist Party Makes It To The BBC For The Most Infantile Of Reasons PN's New Billboard Causes Outrage: 'It Isn't Right To Take Advantage Of Cancer For Political Mileage' A Step In The Right Direction: Maltese Supermarket Chain Completely Stopping The Sale Of Single-Use Plastics Teacher's Union 'Fails To Understand' How Mother Of Autistic Child Can Forgive LSE As They 'Would Have Expected An Apology' Russia Rebuts Claims It Tried To Buy Tear Gas And Riot Gear In Malta To Be Shipped To Venezuela Calling All Travellers: Here's How You Can Register For Early Voting In Malta Malta Records 6,500 Salary Gap Between Working Mothers And Working Fathers Eurovision Semi-Finals, Night One: Here's Who Malta Could Be Facing This Saturday Pro-Life Movement Leader Slams Adrian Delia For Using Abortion To Win Votes: Hes Being Gravely Irresponsible Maltese Mother Reported To Police For Confronting PSCD Teacher About Sex-Ed: 'We Will Not Tolerate Cowboy Parents' LATESTTRENDING NEWS Bortex Partners Up With Canadian Corporation To Open 3 Million Cannabis Facility In Valletta OPINION If This Is A Choice Between Two Men, Why Is Joseph Muscat Hiding From Debates? NEWS Maltese Exam Interrupted By Noisy 'Hens Party' To Be Investigated By MATSEC NEWS WATCH: Nationalist Party Makes It To The BBC For The Most Infantile Of Reasons TWITTERFACEBOOKINSTAGRAM READ OURNEWSLETTER Have Malta restaurant reviews, recipes and articles sent directly to your inbox every day! SUBSCRIBE EGG RECRUITMENT REMAX SECTIONSEventsRecipesReviews LOVIN MALTAAboutContact OTHER SITES