World

The Cannabis Liberalisation Landslide continues as Italy opens its doors to Medical Cannabis

Published

5 years ago

December 19, 2019

Following the widespread acceptance of medical cannabis and CBD-based products in European countries, the regional government of Pescara in Italy has approved a new regulation for cannabis for therapeutic use. The attention of cannabis companies is shifting from the crowded North-American sector towards Europe. One such company is World High Life Plc (NEX:LIFE), which plans to become one of the main players in the European cannabis industry.

The regional government of Pescara, on the proposal of Councillor Nicoletta Verì, approved a resolution regulating the prescription and dispensing of medical preparations based on cannabinoids, which can be prescribed in pain therapy as a symptomatic support to standard treatments. The resolution amends and supplements the provisions of the previous commissioner’s decree of 2016. The measure not only transposes the new regulations that have been introduced in this area in recent years, but above all, regulates the application of the rules in all of Abruzzi, which until now had often adopted diverging management methods.

Following the adoption of the resolution, cannabinoid medicinal products for therapeutic use may be prescribed both by specialists of the regional health service operating in authorized centers, and by general practitioners on the basis of a therapeutic plan drawn up by a specialist doctor. The renewal of the prescription will be subject to a positive evaluation of effectiveness and safety by the prescribing physician, based on the individual variability of the response to treatment.

In the case of inpatient treatment, the hospital pharmacy is required to provide the preparations. Meanwhile, in the case of home therapy for the indications to be borne by the regional health service, the patient (who must always be provided with a medical prescription and a therapeutic plan) may apply to the hospital pharmacy of his local health authority.

Finally, for home therapy not covered by the regional health service, patients who have prescriptions may decide to obtain the drug directly from a pharmacy of their choice.

World High Life eyes promising investment opportunities in the European cannabis market

The untapped potential of Europe, the new frontier market, has attracted experienced cannabis companies that want to take advantage of these rich new opportunities. One such company is World High Life Plc (NEX:LIFE), which can leverage the experience achieved on the North-American cannabis markets and gain momentum in the fast-developing European sector.

World High Life is aiming to set itself at the forefront of the European cannabis industry, and has already made steady steps in that direction, by acquiring UK’s leading CBD company, Love Hemp Ltd.

WHL plans to expand its foothold by acquiring the most promising cannabis companies in the UK and other European countries that have a favorable legal framework towards medical cannabis, CBD and hemp-based products.

By utilizing the experience accumulated on the North American cannabis market, the UK-based investment company World High Life is laying the foundations of an empire.

World

Turkish Textile Giant Sun Textile Solution Proposal for Drought

Published

3 months ago

February 4, 2025

Jenny Jackson

While the World Health Organization (WHO) and the United Nations (UN) are seeking solutions to combat drought through various projects, Ekoten Textile, a subsidiary of Turkey’s textile giant Sun Textile, has developed a groundbreaking project in collaboration with a technology startup to minimize the intensive water consumption in the textile industry. This pioneering project, the first of its kind globally, will enable the recycling and reuse of up to 90% of the water used in textile production.

Drought is one of the most pressing issues facing the world today. According to WHO data, 40% of the global population is struggling with water scarcity. By 2030, up to 700 million people could be forced to migrate due to drought. The unconscious use of water in global production processes plays a significant role in the rapid depletion of clean water resources.

The textile industry is one of the sectors with the highest water consumption. In Turkey, while the food industry consumes 22% of the water used for industrial purposes, the textile sector follows closely with 18%. For instance, producing an average of 40 tons of products daily requires 2,500 tons of water, equivalent to the daily water consumption of approximately 10,000 people.

CLEAN WATER RESOURCES FOR HUNDREDS OF THOUSANDS OF PEOPLE EVERY DAY!

In textile production, where clean water resources are heavily consumed, the innovative success of the Turkish company stands out as a global best practice. This initiative will shape the future of the industry. The wastewater recycling project, developed through intensive R&D efforts, will ensure that over 90% of the required water is sourced from recycled supplies.

The reuse of wastewater in production will transform the fate of countries operating in the textile sector. By preventing the use of clean water resources for textile production, this project will free up clean water sources that can meet the daily needs of hundreds of thousands of people.

R&D ACTIVITIES IN 38 COUNTRIES WITH 380 PARTNERS!

Sun Textile places great emphasis on R&D activities, conducting research and development efforts with 380 partners across 38 countries. Sun Textile and its subsidiary Ekoten Textile export nearly 90% of their production, solidifying their identity as a leading exporter. The company ships products to numerous destinations worldwide, including European countries, the UK, and the US. Sun Textile, the leading ready-to-wear exporter in the Aegean Region, achieved a consolidated turnover of 250 million euros in the third quarter of 2024, continuing its active growth trajectory.

OFFERING CUSTOM DESIGNS TO CUSTOMERS

Sun Textile provides its own designed collections to leading brands in Europe and the UK. Ekoten Textile, its subsidiary, is among the most respected knitted fabric manufacturers in Turkey and Europe.

With a dedicated sales team for each major customer group and five design offices in three different countries, Sun Textile creates designs tailored to its customers’ needs. Its largest clients include the Inditex Group, H&M, Jimmy Key, Tesco, Kiabi, Marks & Spencer, and Next.

Sun Textile also extends its sustainability approach to social responsibility, notably for its high ratio of female employees. The company, which went public in 2022, is also listed in dividend indexes.