NM pot producer teams with Israeli firm on smokeless options

By Olivier Uyttebrouck / Albuquerque Journal
Published on  March 30, 2016 

ALBUQUERQUE, N.M. — A New Mexico medical marijuana producer announced a joint venture with an Israeli pharmaceutical firm to manufacture a line of smokeless cannabis products with measured dosages at a planned $1 million facility in Bernalillo.

Ultra Health LLC will manufacture what it calls pharmaceutical-grade cannabis products including tablets, rectal and vaginal suppositories, and oral spray inhalers under an agreement with Panaxia Ltd. of Tel Aviv, Ultra Health announced.

The products are intended to make cannabis more widely accepted as medicine by providing patients with a consistent dosage of cannabinoid extracts, said Duke Rodriguez, owner of Ultra Health.

“For cannabis to actually perform as real medicine — which in fact it is — these cannabinoids need to be delivered in very specific dosage,” Rodriguez said Tuesday. The products will be sold in 30 dose packets at five- and 10 milligram dosages.

“Everytime (patients) take a dose, they get the same dosage every single time,” he said. “Physicians will feel more confident about making recommendations for cannabis if they know that their patients are getting exact dosage.”

The 3,300-square-foot manufacturing facility should be in operation later this year, Rodriguez said. Each company will spend $500,000 to build the facility inside an existing building at Ultra Health’s Bernalillo plant, he said.

Panaxia owns a proprietary technology that extracts the active ingredients from cannabis using a noncombustible process, Rodriguez said. The oil extract then is crystallized, dehydrated and reconstituted into tablets and other products, he said.

Rodriguez said he is unaware of any company in the United States that uses a similar process to manufacture measured-dose products.

Last month, Ultra Health announced a joint venture with the Las Vegas Paiute tribe in Nevada to build a large growing facility and two dispensaries on tribal land, including one dispensary in downtown Las Vegas, Nev.

Ultra Health has an exclusive agreement with Panaxia to manufacture the products in New Mexico, California, Arizona, Nevada, Washington and Oregon, but has no immediate plans to build plants outside New Mexico, he said.

Under existing laws, marijuana products cannot be transported across state lines.

Ultra Health Announces Cannabis Joint Venture with Panaxia, an Israeli Pharmaceutical Company

(ALBUQUERQUE, New Mexico) – Ultra Health, the largest and leading medical cannabis operator in New Mexico, has announced a joint venture with Panaxia Ltd, a pharmaceutical company based in Israel.  Israel is recognized as the global center for cannabis-related research.  The firms concluded an agreement after a 14-month negotiation and due diligence process.  Panaxia will be providing smokeless proprietary cannabinoid dosage and treatment protocols not readily available in the U.S. in order to manufacture state-of-the-art products to treat a number of illnesses.  The two companies will be building a production facility that implements Panaxia's technology including advanced validated analytical systems and Good Manufacturing Practices (GMP) production protocols.
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Ultra Health Announces Opening of Fifth Medical Cannabis Dispensary – Historic Route 66 Location

Albuquerque, New Mexico (March 25, 2016) – Today, Ultra Health specializing in medical grade cannabis, with cultivation, production, retail centers and operations in New Mexico, Arizona and Nevada has announced the grand opening of their fifth newest dispensary – formerly the Birdland – Hippie Store location in the beautiful Nob Hill neighborhood of Albuquerque, New Mexico and on the historic Route 66 trail.  The location is within walking distance of the University of New Mexico main campus.
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