Joint venture between Ultra Health, Panaxia brings smokeless cannabis medicine to United States
(Albuquerque, New Mexico) – Ultra Health®, New Mexico’s No. 1 cannabis company with a nationwide presence, and Panaxia Pharmaceuticals Industries Ltd, an Israeli pharmaceutical company specializing in pharmaceutical cannabis R&D and manufacturing, launched the first pharmaceuticalcannabis production facility in the United States, located in Bernalillo, New Mexico. The facility will manufacture smokeless, accurately dosed cannabis medicine in a variety of delivery methods.
New Mexico’s number 1 cannabis company continues to provide medicine to underserved areas
(Albuquerque) – Ultra Health®, a national medical cannabis leader with a large New Mexico presence, is continuing its commitment to serving rural areas by opening its seventh location in Clovis on January 27, 2017. Ultra Health now has locations in five counties across New Mexico.
The new location – a 1,600 square foot facility at 1512 North Prince Street – will be open seven days a week from 10 a.m. to 7 p.m. Monday through Friday and 10 a.m. to 3 p.m. Saturday and Sunday. It will be Ultra Health’s third dispensary in a rural area, with two others in Hobbs and Bernalillo.
Cannabis industry revenues up more than 64 percent over last year.
(Albuquerque) – The Medical Cannabis Program’s total industry revenues from 2015 to 2016 increased by $19.7 million, resulting in$50,638,520 and a growth of 64 percent. Cannabis sales significantly surpassed other notable industries. Comparatively, the New Mexico chile crop was valued at $41.1 million in 2015 and the state’s craft beer industry is expected to generate $30 million in 2016.
The last reported New Mexico Department of Health (NMDOH) active patient enrollees was 32,840 as of October 2016, an increase of 76 percent from the prior year at 18,628. The growth in total dollar sales continues to lag behind patient enrollee count, validating an underserved demand attributable to the lack of adequate supply in the marketplace. Enrollee information for November and December 2016 has not been released by NMDOH. Continue reading "New Mexico Medical Cannabis Sales Exceed $50.6 Million in 2016"→
Ultra Health extended a donation to the Town of Bernalillo for The Town's Children's Christmas Fund in December 2016, helping children who would otherwise not receive presents get a special surprise from Santa.
This is the second consecutive year Ultra Health has donated to the fund. Ultra Health has also contributed funds toward other services for the Town of Bernalillo such as coat and toy drives. The Mayor of Bernalillo, Jack Torres, sent a thank you letter to Ultra Health expressing the town's gratitude.
The letter reads:
"I am writing to express our deepest thanks on behalf of the Town Council and the staff of the Town of Bernalillo, for your recent donation to The Town's Children's Christmas Fund. Generous gifts from donors like you provide the financial and moral support needed to continue our mission. We raised over $11,000.00.
With your faithful contributions over the years, you've demonstrated your deep commitment to our community and ensure that every child in need was provided with a gift this Christmas.
Your support has repeatedly played a key role in our success. The children were so excited to receive their Christmas gifts personally delivered by Santa. It was such a wonderful gift to see the joy and pleasure the children got from their presents.
The tradition of the Children's Christmas fund began in 1957 for less fortunate children in our community. It is only with the support of people like yourself that we are able to continue this tradition. There is no way to fully express our gratitude for your loyalty. We at the Town of Bernalillo are continually inspired by the dedication and generosity of donors like yourself who answer the call to give again and again.
Thank you once again; your kindness is truly appreciated.
Jack Torres, Mayor"
Ultra Health also participates in other charitable causes regularly. Most recently, all six Ultra Health locations hosted a sock drive from November through the month of December, collecting and donating thousands of socks for nine charities across the state. The charities include Joy Junction, St. Martin’s Hospitality Center, Safe House, Bienvenidos Outreach, Many Mothers, Haven House and Hobbs Health Care Center.
Ultra Health also sponsors community events such as Zozobra, which will embark on its 93rd year of celebration in 2017. The Burning of Zozobra is a unique cultural event staged annually by the Kiwanis Club of Santa Fe on the Friday before Labor Day as an exciting and fiery kick-off to the historic 304 year-old Fiestas de Santa Fe.
The first Cannabis Cup in Las Vegas will mark merger of the medical and social cannabis use
(Las Vegas) – Ultra Health®, a national medical cannabis leader and New Mexico’s largest provider, is partnering with HIGH TIMES, the premier cannabis brand for 42 years, to introduce the first HIGH TIMES Las Vegas Cannabis Cup on March 4 and 5, 2017.
The event, to be held at the Moapa River Indian Reservation just a short ride away from the Las Vegas Strip, will kick off HIGH TIMES’ 2017 Live & Legal Cannabis Experience Tour. It comes just a few months after Nevada’s social cannabis use will be legalized on January 1, 2017.
New Mexico Medical Cannabis Program revenues continue upward growth in third quarter
(Albuquerque) – The Medical Cannabis Program’s total patient revenues for the first nine months ending September 30, 2016 exceeded $35.5 million, representing a 66 percent increase over the same period in 2015. The thirty-five licensed New Mexico medical cannabis producers are on pace for a record setting year of $48.4 million.
Five providers, including Ultra Health®, had patient sales over $1 million in the third quarter alone, which is an industry first. The top 10 providers account for nearly three-quarters of total medical cannabis nine month revenues in New Mexico, while the 12 new providers licensed in December 2015 account for slightly over 2 percent of the total. Ultra Health® was the top percentage gainer and top producer for the third quarter with revenues up by 31 percent.Continue reading "New Mexico Medical Cannabis Revenues Hit New Record in Third Quarter"→
Ultra Health, the state’s leading medical cannabis provider, will host a sock drive at all it’s dispensaries during the first week of November through December 20. As part of Ultra Health’s corporate giving program, it is committed to giving back to the communities it serves, and will match each pair of socks donated.
The number one needed clothing item for the homeless is socks, as people very rarely donate them. Socks can make a world of difference for someone in need. New socks reduce the risk of skin infections, prevent frostbite and foster good hygiene.
"Success for an organization should not be defined by what we get, but by what we give," said Duke Rodriguez, CEO and President of Ultra Health®. "The Lynn and Erin Compassionate Use Act was created to provide compassion and relief to those in need. We would like to extend this commitment by helping the charities serving less fortunate New Mexicans.”Continue reading "Ultra Health to Host Sock Drive"→
November is shaping up to be a very exciting time for cannabis advocates. Hundreds of millions of Americans will be casting their vote for President November 8, while over 25 percent of the country will be voting on social and medical cannabis propositions.
The most exciting part? Legalization is leading in nearly every state where it is on the ballot. Even more exciting? If all states with legalization on the ballot approve, a quarter of the United States will be free from cannabis prohibition and 62 percent will live in states with medical programs..
Here’s where each state stands on legalization this upcoming election.
Producer revenues increase, while total sales significantly lag behind patient growth
(Albuquerque) – Of the 23 Licensed Non-Profit Producers (LNPPs) who were operating throughout fiscal year 2016, over two-thirds experienced double-digit revenue growth. Four producers experienced negative growth, and three others were essentially flat during the period.
Total industry revenues from fiscal year 2015 to 2016 increased by $14.1 million, resulting in a $39 million total and a growth of 56 percent. Sales lagged behind patient growth, as patient numbers increased from 15,265 to 26,568, by 74 percent, for the same period.
“The industry is doing as much as it can to keep providing patients with the medicine they need,” said Duke Rodriguez, CEO and President of Ultra Health®. “But, it has become clear as sales significantly lag behind patient growth, there is not an adequate supply of medicine. Patients may be forced to go outside the licensed program and look to the black market for their needs.”
Senate passed bill to increase plant count, special session ended with no House vote
(Albuquerque) – Patients in New Mexico’s Medical Cannabis Program reached 30,877 at the end of the third calendar quarter, a 4,309 increase from June 30, 2016. This increase is twice the amount of patients that were added to the program in the same quarter in 2015. Additionally, the program has seen a 76 percent patient growth increase over the past year.
Bernalillo and Santa Fe remain the two largest counties by patient population with 11,396 and 4,070 enrolled patients, respectively. Every county, excluding Harding and Union counties, experienced a double-digit increase in patients in the third calendar quarter. Growth continues to accelerate particularly in the southern and southeastern parts of New Mexico including Dona Ana, Lea, Chaves, Grant and Eddy counties. Nearly 3,200 patients are living in rural counties without a full time dispensary.
“The gap between the growing number of patients and the amount of available medical grade cannabis is widening,” said Duke Rodriguez, CEO and President of Ultra Health®.