BOD Australia Ltd - First medical cannabis prescriptions received from UK patients participating in Project Twenty21
BOD Australia Ltd (ASX:BDA)

First medical cannabis prescriptions received from UK patients participating in Project Twenty21

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Highlights

What's happened?

Bod Australia Ltd (ASX: BDA, “Bod”) has confirmed first prescriptions of the Company’s MediCabilis™ medicinal cannabis product have been received from UK patients participating in Project Twenty21.

What are the key highlights?

  1. Project Twenty21, is Europe’s largest medicinal cannabis registry, targeting 20,000 patients.
  2. Bod expects to supply a minimum of 1,000 patients during the registry with its unique 5% MediCabilis™ CBD product.
  3. MediCabilis™ will be sold for £150.00 per unit during Project Twenty21, which will add to Bod’s growing revenue profile.
  4. Now that the registry has commenced, a broad range of physicians and clinics across the UK can prescribe Bod’s MediCabilis™ to patients participating in Project Twenty21. This is a major milestone for the Company as it provides Bod with an additional sales channel for MediCabilis™.

CEO's Summary

Jo Patterson

"The commencement of Project Twenty21 is a major development for Bod and provides the Company with another opportunity to grow in a market estimated to be worth $3Bn by 2024. Participation in the registry opens another sales avenue for MediCabilis™ and will provide the Company with exposure to a large number of physicians, patients and clinics across the country. This is pivotal as Bod continues to build brand awareness across the UK. We are confident that the UK will be an important growth market for MediCabilis™ and these initial patients provide the beginning of what will become a scalable revenue base for the Company."

Jo Patterson
CEO, BOD Australia Ltd
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