FOR IMMEDIATE RELEASE
6th September 2019
Paola - Malta
CPTM signs Lease Agreement with Vassallo Business Park Ltd
Cannapharm Technologies Malta Limited (“CPTM” or the “Company”) today signed a long-term lease agreement with Vassallo Business Park Ltd (“Vassallo”), for commercial premises in the new business park, currently under construction in Naxxar, Malta. The leased premises, of approximately 3,000 m², will be dedicated to the growing and subsequent research and processing of Medicinal Cannabis and derived products.
“With a projected completion of the construction phase by November 2019, we are confident our Naxxar facilities will be ready for production by early 2020, for an earlier than scheduled delivery to our customers.” said Bruce H. Gaston, Director of CPTM. “This agreement confirms our long-term commitment to the development of our Medical Cannabis operation in Malta. The premises will be completed and equipped to the highest EU GMP standards and in full conformity with Maltese Building Regulations and EUROCODE, creating state-of-the-art production facilities ”.
Vassallo is one of Malta’s longest established and most reputable property and construction companies.
Bruce H. Gaston
Cannapharm Technologies Malta Limited (CPTM) is a limited company, registered under the Companies Act, 1995 of the Republic of Malta.
CPTM believes in long-term, incremental growth, based on the latest technological advances. It works closely with governments, regulatory authorities and local municipalities, to utilise, integrate and grow existing local infrastructures, within the framework of regional and governmental development programs and targets.
As an EU-based enterprise, CPTM adheres to and implements the strictest of standards in its productions, whilst maintaining a result-driven, qualitative approach to its pharmaceutical operations in Europe and Asia.