{"id":43233,"date":"2020-05-29T13:41:30","date_gmt":"2020-05-29T11:41:30","guid":{"rendered":"https:\/\/newserver.fyb.de\/smp-advises-cannabis-specialist-demecan-on-financing-round\/"},"modified":"2020-05-29T13:41:30","modified_gmt":"2020-05-29T11:41:30","slug":"smp-advises-cannabis-specialist-demecan-on-financing-round","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/smp-advises-cannabis-specialist-demecan-on-financing-round\/","title":{"rendered":"SMP advises cannabis specialist DEMECAN on financing round"},"content":{"rendered":"

SMP<\/strong> again advi\u00adsed medi\u00adcal canna\u00adbis produ\u00adcer and whole\u00adsa\u00adler DEMECAN<\/strong> on its latest finan\u00adcing round. A German entre\u00adpre\u00adneur from the consu\u00admer goods sector inves\u00adted an amount in the seven-digit range. Accor\u00adding to DEMECAN, the capi\u00adtal raised will be used to expand their opera\u00adti\u00adons and produc\u00adtion faci\u00adlity as well as the company\u2019s expan\u00adsion. The parties invol\u00adved have agreed not to disc\u00adlose further details of the deal. DEMECAN was again provi\u00added with compre\u00adhen\u00adsive legal advice by a team led by SMP part\u00adner Martin Scha\u00adper<\/strong>.<\/p>\n

\u201cDEMECAN is the only German company to have been awarded a contract by the BfArM to culti\u00advate and distri\u00adbute medi\u00adcal canna\u00adbis in Germany,\u201d says SMP part\u00adner Martin Scha\u00adper. \u201cWe at SMP are ther\u00ade\u00adfore parti\u00adcu\u00adlarly plea\u00adsed that we were also able to accom\u00adpany this finan\u00adcing round as legal advisors.\u201d<\/p>\n

About DEMECAN<\/strong>
\nDEMECAN is the only German company that covers the entire value chain for medi\u00adcal canna\u00adbis, from culti\u00adva\u00adtion to proces\u00adsing and storage to distri\u00adbu\u00adtion to phar\u00admacies. The company was foun\u00added in 2017 by Adrian Fischer, Corne\u00adlius Maurer and Constan\u00adtin von der Groe\u00adben to guaran\u00adtee pati\u00adents in Germany access to medi\u00adcal canna\u00adbis of the highest phar\u00admaceu\u00adti\u00adcal quality. In May 2019, the German Fede\u00adral Insti\u00adtute for Drugs and Medi\u00adcal Devices (BfArM) awarded DEMECAN the contract to culti\u00advate medi\u00adcal canna\u00adbis. The DEMECAN Group is based in Berlin. The culti\u00adva\u00adtion and further proces\u00adsing of medi\u00adcinal canna\u00adbis takes place at a second faci\u00adlity near Dresden.<\/p>\n

About SMP<\/strong>
\nSMP is a specia\u00adlist tax and commer\u00adcial law firm opera\u00adting in the core areas of corpo\u00adrate, funds, liti\u00adga\u00adtion, tax and tran\u00adsac\u00adtions. SMP attor\u00adneys and tax advi\u00adsors repre\u00adsent a wide variety of clients. These include emer\u00adging tech\u00adno\u00adlogy compa\u00adnies and family-run medium-sized enter\u00adpri\u00adses as well as corpo\u00adra\u00adti\u00adons and private equity\/venture capi\u00adtal funds. Since its foun\u00adda\u00adtion in 2017, SMP has become one of the leading addres\u00adses for venture capi\u00adtal, private equity and fund struc\u00adtu\u00adring in Germany. The firm and its part\u00adners have been reco\u00adgni\u00adzed natio\u00adnally and inter\u00adna\u00adtio\u00adnally by JUVE, Best Lawy\u00aders, Legal 500, Focus, and Cham\u00adbers and Part\u00adners. Today, SMP employs over 50 expe\u00adri\u00aden\u00adced lawy\u00aders and tax advi\u00adsors in three offices in Berlin, Hamburg and Colo\u00adgne. www.smp.law<\/p>\n

Consul\u00adtant DEMECAN: SMP<\/strong>
\nDr. Martin Scha\u00adper, Partner
\nDaniel Grisar, Associate<\/p>\n","protected":false},"excerpt":{"rendered":"

SMP again advi\u00adsed medi\u00adcal canna\u00adbis produ\u00adcer and whole\u00adsa\u00adler DEMECAN on its latest finan\u00adcing round. A German entre\u00adpre\u00adneur from the consu\u00admer goods sector inves\u00adted an amount in the seven-digit range. Accor\u00adding to DEMECAN, the capi\u00adtal raised will be used to expand their opera\u00adti\u00adons and produc\u00adtion faci\u00adlity as well as the company\u2019s expan\u00adsion. The parties invol\u00adved have [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":34781,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1373],"tags":[],"class_list":["post-43233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-venture-capital-en","news-category-venture-capital-news"],"yoast_head":"\nSMP advises cannabis specialist DEMECAN on financing round - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/smp-advises-cannabis-specialist-demecan-on-financing-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMP advises cannabis specialist DEMECAN on financing round - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"SMP again advi\u00adsed medi\u00adcal canna\u00adbis produ\u00adcer and whole\u00adsa\u00adler DEMECAN on its latest finan\u00adcing round. A German entre\u00adpre\u00adneur from the consu\u00admer goods sector inves\u00adted an amount in the seven-digit range. Accor\u00adding to DEMECAN, the capi\u00adtal raised will be used to expand their opera\u00adti\u00adons and produc\u00adtion faci\u00adlity as well as the company\u2019s expan\u00adsion. 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