Tiu's Greenergy Holdings ventures into medical marijuana production with Australian firm acquisition

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MANILA - Greenergy Holdings Inc said Thursday it approved the acquisition of shares in an Australian firm engaged in the production of cannabidiol or medicinal marijuana products.

Cannabidiol, used in advanced countries for pain management, anxiety disorders and other physiological conditions "has been well received in Australia and other parts of the world," the company said.

Australia's Therapeutic Goods Administration recently approved the sale of cannabidiol without prescription, Greenergy Holdings said.

 

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