Sunderstorm will launch its Kanha cannabis and hemp gummies in Thailand through an agreement with THCG Group Ltd., a vertically integrated medical cannabis license holder with existing cultivation, distribution and retail operations.
Through Sunderstorm's global partnership with Geocann, Kanha will use Geocann's patented VESIsorb delivery system technology to manufacture and launch edible products in Thailand, as well as export the products to additional international markets.
"Through our attention to quality and the only science-backed fast-acting edibles on the market, Kanha has become a leading edibles brand in North America," said Sunderstorm CEO Cameron Clarke. "The global demand for fast-acting and high bioavailable cannabis products has increased dramatically. To address this need, we are embarking on our international expansion plan with the launch of our products in Thailand. In addition, with THCG's first-class facilities and licenses for export, we are no longer limited by U.S. export restrictions and have the opportunity to become a dominant global cannabis brand, where we can improve the lives of millions of worldwide consumers with Kanha products powered by VESIsorb."
On June 9, the Thai Food and Drug Administration removed the cannabis plant from its Category 5 narcotics list, legalizing the possession, cultivation, distribution, consumption, importation, exportation, and sales of all parts of the cannabis plant. With 70 million citizens and 40 million tourists annually, Thailand is expected to be a large medical and recreational market. According to the University of the Thai Chamber of Commerce, Thailand's combined cannabis and hemp market is expected to grow 15% annually, reaching THB 43 billion (approximately $1.2 billion) by 2025.
Sunderstorm and THCG announced their partnership while showcasing products at the 2022 Asia International Hemp Expo, held Nov. 30-Dec. 3 at the Queen Sirikit National Convention Center in Bangkok.
"We chose to collaborate with Kanha because it is a trusted, well-known and innovative U.S. hemp and cannabis brand that offers science-backed, superior-quality products with the accurate dosing required by medical patients," said Thanarat Jitpayap, managing director of THCG. "Through this partnership, we are looking forward to expanding and developing our business as a central hub of production in Asia; and to exporting products to the world market."
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