Hilltop Leaf – the company behind one of the UK’s first medicinal cannabis cultivation and production facilities – has raised £2m from Traditum Private Equity and private investors.
The funding will enable the company to make its first commercial sales and scale its infrastructure to become one of the largest UK producers of medicinal cannabis products for the specialist prescription market. Hilltop Leaf has already completed construction of an 11,000 sq m production facility in southern Scotland and holds a Manufacturers ‘Specials’ Licence and Wholesaler Dealer Authorisation from the Medicines and Healthcare Products Regulatory Agency.
The company intends to produce pharmaceutical-grade cannabis-based products for medicinal use in humans (CBPMs) which will ultimately be processed on site. When fully operational, it has the potential to supply over 10% of the UK market and create dozens of local jobs.
Hilltop Leaf was founded in 2019 by Hamish Clegg, a former financier and serial entrepreneur, with father and son Neil and Will Ewart who have a track record in windfarms and agriculture. The company has a research partnership with Nottingham Trent University which specialises in testing and clinical trials.
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