Jacana completes first ever global export of Jamaican cannabis flower
Female founded company raises $20m to build a pioneering global medical cannabis business
Jacana offers natural solution to chronic pain suffered by 1.5 billion people globally
Jacana today announces the launch of a new kind of medical company that harnesses the power of nature to produce certified medical cannabis, providing natural relief for chronic pain and suffering.
Chronic pain affects 1.5 billion people worldwide, with more than 100 million people suffering in the US alone.
Jacana has completed the first-ever international export of Jamaican medical cannabis flower, securing multiple international licenses and permits to date. The deal also saw Jacana play a central role in shaping the international regulatory process.
The historic export is linked to the company raising an initial $20 million to cultivate, develop and distribute certified medical cannabis solutions that provide natural alternatives to the artificially manufactured products in the market.
The investment will fuel international expansion and build on Jacana’s existing presence in Europe, North America and the Caribbean.
The launch of Jacana coincides with:
· A rapidly expanding legal cannabis market, with the UK, Germany, Thailand and Mexico amongst the 25 countries to legalise medical cannabis in the past 12 months, taking the global total to 48 countries
· A growing backlash against artificial pharmaceutical products, and increased appetite for natural, organic solutions
· The emergence of the medical cannabis industry (predicted to be worth $100 billion by 2025) and a significant global supply shortage in certified medical cannabis
With a global team located in Jamaica, Canada and the UK, Jacana is the world leader in the outdoor cultivation and distribution of medical cannabis. This is currently being naturally grown at Jacana’s flagship 4.4 million square foot (100 acre) farm in St Ann, Jamaica, where the unique microclimate and latitude create the perfect conditions for cultivation. By cultivating outdoors, Jacana is pioneering sustainable medical cannabis, releasing twenty-five times less carbon into the atmosphere and being 18 times more energy efficient than their indoor counterparts.
The business is founded by Alexandra Chong, the Jamaican serial entrepreneur best known for establishing Lulu – the innovative, fast-growth social and dating intelligence app with more than 6 million users and was sold in 2016.
The leadership team that will drive Jacana’s global growth carries experience from a range of industries, with the Board including the former CMO of Microsoft, Mich Mathews-Spradlin; world-renowned Silicon Valley venture capitalist and early backer of Twitter and Zoom, Bill Tai; and former CCO and Executive Board Member of the Coca-Cola Company, Robert Leechman.