“...
We have not excluded the Jamaican people We will be calling on anyone who want
to be a part of building the Brand Jamaica medicinal cannabis industry through
the aegis of BTRDI, Medicanja
Limited and the UWI. We will be floating an IPO for anyone who wants to get
involved”
Dr Henry Lowe speaking
during the Medicanja company launch in Kingston on Wednesday October 29th
2014
Since
the official decriminalization of Marijuana on Tuesday September 30th, 2014 by
Minister of Justice Mark Golding as chronicled in my blog article
entitled “Minister
of Justice Mark Golding announces Decriminalization of Marijuana - Still no
word on Medicinal Cultivation or Legalizing Hemp so I can Quit like a Boss”,
Dr. Henry Lowe owned Medicanja
has been on a tear to get launched.
By
October 2014, during the Medicanja
company launch in Kingston on Wednesday October 29th 2014, he
outlined plans for Products and VAS (Value Added Services) based on Marijuana (Cannabis Sativa) as stated in the
article “Lowe
launches Jamaica's first medical marijuana company. Medicanja IPO for early
2015”, published Friday October 31, 2014, Avia Collinder, The Jamaica Gleaner.
 |
Not
only that, but he also outlined plans for Medicanja's parent company, BTRDI
(Bio-Tech R&D Institute) to go IPO by early 2015. So far Medicanja has yet to get the
necessary regulatory approval to sell any of its products or services to the
public from the MOH (Ministry of Health).
To
quote Dr. Henry Lowe “until the regulatory and legislative framework is
established and approved by the Government of Jamaica and the Ministry of
Health (MOH) for the local and international markets and in the health tourism
business”. So it’s a matter of
wait-and-see!
Medicanja might not have long to
wait, as Dr. Fenton Ferguson has already expressed interest in Medical
Marijuana as it would translate to more Taxable revenue emanating from his
ministry as stated in my blog article
entitled “Dr.
Fenton Ferguson want Marijuana Medicine – Pharmaceutical Marijuana means big
Profits and Taxes for the GOJ”.
So
what are the list of product that Medicanja
plans to roll out one they gain regulatory approval? The list is quite
extensive.
Medical Marijuana
Product arsenal - 84 ailments cured by current and future Marijuana
products
This
approval would specify which products would be sold over-the-counter or
prescription only. This list of products includes:
1. Ganja
Relief - a sublingual drops for nausea, pain, appetite stimulation and motion
sickness
2. Ganja
Salve - an arthritic cream for joint and muscle stiffness, pain and
inflammation
3. Ganjaflam
- an anti-inflammatory cream for muscle pain, swelling and inflammation
4. Ganja
Col - a rubbing alcohol with lime scent
5. Ganja
Rub - an arthritic healing oil for muscle pain and stiffness
6. Ganja
Pain - a pain-relief spray for joint pain and muscle stiffness
7. Ganja
Sure - an oromucosal spray for nausea associated with chemotherapy pain and
appetite stimulation
Interestingly
they also have some more products in the pipeline:
1. Ganja
Viz - a glaucoma eye drop aimed at regulating inner ocular eye pressure
2. Ganja
Derm - a transdermal pain medication patch
3. Ganja
Vit - a cannabis multivitamin tonic
4. Ganja
Tabs - Tablets made of cannabis CBD tablets
5. Ganja
Tea - a cannabis leaf tea
In
all, Dr. Henry Lowe claims to be able to treat some eighty four (84) ailments
using drugs made from CDB (cannabidiol) and THC (tetrahydrocannabinol), both
compounds found in Marijuana (Cannabis Sativa) the
latter being the one that gets you high, the former being good for the
treatment of the following diseases:
1. Alcoholism
2. Antibiotic-resistant
infections
3. Arthritis
4. Chronic
pain
5. Diabetes
6. Epilepsy
7. Multiple
schlerosis
8. PTSD
(post traumatic stress disorder)
9. Schizophrenia
So
now their products are laid out bare, how is Medicanja structured and is it
worth buying an IPO in the parent company BTRDI?
History of Medicanja -
Stuff you need to know before buying into BTRDI IPO
Good
to remember here that Medicanja
was initially unveiled to the public in December 2013 as stated in my blog article
entitled “Dr.Henry
Lowe launches Medicanja and jump-starts Pharmaceutical Industry in our Back
yard – Pharmaceutical Research Renaissance in Jamaica”.
As
can be seen from the previous listings, Medicanja is focused primarily on
neutraceuticals and cosmocueticals. Officially though, research in Marijuana
products started as far back as 1969 on the campus of the UWI (University of
the West Indies), which is also home to BTRDI laboratory and clinical trials to
produce pharmaceuticals though an extended partnership that began in September
2014.
 |
Medicanja is a registered company
in Jamaica and Delaware in the US of A with the total number of employees
counting its parent company BTRDI being thirty five (35). Medicanja's sole shareholder is EHF
Resource Development Limited located at 39 Lady Musgrave Road in Kingston, home
of Dr Henry Lowe's Eden Garden Property.
It
only gets murkier from there, as EHF Resource is owned by Environmental Health
Foundation, another company owned by Dr. Henry Lowe that lists the following
people as Directors:
1.
Errol Morrison
2.
Henry Lowe
3.
Herbert Lowe
4.
Novlet Green
5.
Oral Shaw
Medical Marijuana
market expanding – P.J. Patterson declares the time to “fly the gate” is now
Their
VAS and Products are targeted not just at Jamaica, but the wider Caribbean and
the rest of the world, according to Medicanja
board member and former Prime Minister P.J. Patterson. Medicanja board member and former
Prime Minister P.J. Patterson goes on to further quote some interesting stats:
1.
US$2.5 billion, the value of the US
Marijuana Market in 2014
2.
US$8.9 billion, the projected value of
the US Marijuana Market in 2015
3.
US$10 billion, the estimated value of
the Global Hemp Market
Holland,
Spain, Germany, Italy, Britain, Australia and, most recently, the Czech
Republic have joined the state of Colorado in the US of A where Marijuana (Cannabis Sativa) is legal for use as a
pharmaceutical and a recreational drug as long ago as October 2013 noted in my blog article entitled “RasPuddler
says Legalization of Marijuana benefits large Scale Growers - How Teenagers can
Learn to Extract THC for personal Use to make Chocolate Cookie, Brownies and
Sorrell Cake for Christmas”.
With
some JA$25 million of the Directors own money sunk into Medicanja, it explains why they're willing
to offer as much as 45% of BTRDI, the parent company of Medicanja. They are also actively seeking investors via
their website to raise the needed capital, albeit Dr. Henry Lowe didn't
disclose the Stock Broker who would be preparing their IPO.
But
aside from the less-than-transparent Board structure, their product offering
heralds a future that is not only bright but is the most high!
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