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EQS-News: Cantourage Group SE / Key word(s): Development of Sales/Miscellaneous
Cantourage Group SE records highest monthly revenue in company history in May 2024
2024-06-14 / 08:01 CET/CEST
The issuer is solely responsible for the content of this announcement.
Not for release, publication or distribution, directly or indirectly, in or into the United States of America,
Australia, Canada or Japan or any other jurisdiction in which such release, publication or distribution would be
unlawful. The important notes at the end of this announcement must be observed.


Cantourage Group SE records highest monthly revenue in company history in May 2024

. Revenue of EUR 3.5 million in May 2024 and the highest revenue in the company's history
. Demand for Cantourage's products has increased significantly since the partial legalization of cannabis
came into force
. Production capacities significantly expanded to meet the anticipated further increase in demand


Berlin, June 14^th, 2024 - Cantourage Group SE (hereinafter "Cantourage," ISIN: DE000A3DSV01, www.cantourage.com), a
leading European cannabis production and distribution company, recorded revenue of EUR 3.5 million in May 2024, the
highest monthly revenue in the company's history to date.

The main drivers of the positive revenue trend are the noticeable increase in the number of cannabis patients in
Germany since the partial legalization of cannabis came into force in April 2024 and the resulting significant increase
in demand for high-quality cannabis products. Cantourage had prepared for this expected development and made a wide
range of premium products available to cannabis patients at an early stage. In addition, the production facility in
Germany was expanded in the first quarter of 2024. Cantourage had already significantly expanded its grower portfolio
in 2023 and opened an online platform for cannabis on prescription. The Telecan platform (www.telecan.eu) provides
potential patients with a simple and direct route to cannabis therapy.

Cantourage anticipates a continued increase in demand for high-quality cannabis in the months to come - especially in
Germany, but also in other European countries. In order to be able to meet the further increase in demand, Cantourage
recently entered into a strategic partnership with the Portuguese company Portocanna in addition to expanding its own
production facility. In the future, Portocanna's state-of-the-art production facility will also serve as a processing
site for the cannabis flowers of Cantourage's more than 65 cultivation partners from 18 countries. The partnership will
increase Cantourage's overall capacity to deliver cannabis flower to its European target markets from a maximum of
eight to up to 14 tons per year. Cantourage is thus well equipped to reliably supply more and more cannabis patients
across Europe with high-quality products.

"Thanks to the Cannabis Act, which came into force on April 1, it has become much easier to obtain a cannabis
prescription in Germany. This is mainly due to the fact that cannabis is no longer considered a narcotic. More and more
doctors in Germany are now willing to consider it as an option and prescribing cannabis as a medicine. Cannabis now has
the same status as ibuprofen 600 - it is no longer a narcotic, but is available on prescription. Overall, the
acceptance of cannabis in the population has increased noticeably due to partial legalization. In view of the new legal
situation, we assume that the number of cannabis users in Germany will increase sustainably. By expanding our
production capacities early enough, we feel we are now well prepared for this development," said Philip Schetter, CEO
of Cantourage.


About Cantourage
Cantourage is a leading European producer and distributor of cannabis flowers and cannabis-based medicinal preparations
and drugs. The Berlin-based company was founded in 2019 by industry pioneers Norman Ruchholtz, Dr. Florian Holzapfel
and Patrick Hoffmann. With an experienced management team and its "Fast Track Access" platform, Cantourage enables
producers from around the world to become part of the growing European medical cannabis market faster, easier and more
cost-effectively by processing and distributing their cannabis raw materials and extracts. In this context, Cantourage
ensures compliance with the highest European pharmaceutical quality standards at all times. The company offers
pharmaceutical-grade products in all relevant market segments: dried flower, extracts, dronabinol and cannabidiol.
Cantourage was listed on the Frankfurt Stock Exchange on 11 November 2022 and is listed under ticker symbol "HIGH."

Further information: www.cantourage.com

This announcement does not constitute a public offer or an advertisement for a public offer to sell securities, in
particular not within the meaning of Regulation (EU) 2017/1129 (Prospectus Regulation).


Press contact at Cantourage:
Bernd Fischer
Phone +49 (0)30 4701 350 - 50
ir@cantourage.com

2024-06-14 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Cantourage Group SE 

Feurigstraße 54
10827 Berlin
Germany

E-mail:       info@cantourage.com 
Internet:     https://www.cantourage.com/ 
ISIN:         DE000A3DSV01 
WKN:          A3DSV0 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate 

Exchange
EQS News ID: 1924705

End of News EQS News Service
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1924705 2024-06-14 CET/CEST

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END) Dow Jones Newswires

June 14, 2024 02:01 ET (06:01 GMT)