Dadi Segal, CEO of Panaxia Pharmaceutical Industries, thanked a number of local entities for their assistance in the company’s expansion to Malta.

Dadi Segal / Panaxia

Panaxia specialises in medical cannabis research and development and manufacturing. Last May, Panaxia Global obtained a production license from the Maltese health authorities, thus allowing it to export and market finished medical cannabis products in European standard from Malta.

“We are excited and proud to have started this beautiful production facility here in Malta. We wanted to produce all our innovative products, namely vaporisation extracts – cannabis which doesn’t have to be smoked – tablets, and oils into the European market,” Mr Segal said

Just last week, Panaxia completed a €6 million investment in its plant in Hal Far – having said that, the company noted that it seeks to further expand its domestic production.

“We have chosen Malta because of the great support we have received from the Malta Enterprise and the Malta Medicine Authority. Not only have we started to produce, but now we decided to expand our facility in order to take the production to the next step. Thank you, Malta Enterprise,” the CEO concluded.

Malta Enterprise is the country’s economic development agency, tasked with attracting new foreign direct investment as well as facilitating the growth of existing operations.

Kurt Farrugia, CEO of Malta Enterprise, took to social media to thank Mr Segal for his comments.

“We welcome your expansion and will be at your service, as always,” he wrote.

Related

Industry stalwart Anabel Mifsud joins FinanceMalta’s Board of Governors

9 August 2022
by Benjamin Abela

Ms Mifsud joined FinanceMalta in June, although she only revealed her instatement earlier today.

Growth Gurus celebrates six years of Head of Branding & Design Chris Curmi

9 August 2022
by Benjamin Abela

Mr Curmi previously served as Creative Director at Steampunk Wizards.

Klara Balzan Fava promoted to General Manager at Golden Harvest

9 August 2022
by Benjamin Abela

Ms Balzan Fava celebrated her appointment on social media.

MIA CEO and President honour local student who placed second globally in ACCA examination

8 August 2022
by MaltaCEOs

Maria Sciberras said that she obtained the result ‘through effort and dedication’.

Close Bitnami banner
Bitnami