Cannaray Limited is a leading European cannabis group of companies spanning both Medical Cannabis and CBD wellness brands.
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Cannaray CBD is the group’s flagship CBD wellness brand – founded to make CBD easy and accessible for millions of new people. Our product range includes CBD Oil Drops for day and night, Capsules, Gummies and Muscle Balm. All Cannaray CBD products are formulated to be effective and enjoyable to use, lab-tested for purity, and are packaged in the modern, bright, and optimistic Cannaray brand colours.
Therismos is the group's medical division, which imports and distributes cannabis-based products for medical use (CBPM) across Europe. We strive to be the leading European full-service provider of medicinal cannabis through our innovative product solutions, valuable partnerships with strategic allies, and collaboration with world-class scientists and medical practitioners.
We put patients at the heart of everything we do and aspire to improve their quality of life by offering access to the largest range and delivery routes of safe, reliable and high-quality CBPM, while ensuring medical practitioners have everything they need to fully support cannabis patients wherever they may be.
We have an in-house Quality Management team across our Medical Cannabis and CBD divisions to ensure our products meet consistently high standards. Our CBPM medicines are manufactured to EU Good Manufacturing Practice (EU-GMP) standards.
Cannaray Wellness CBD is independently lab tested for purity, with full tranparency of our lab reports and certificates of analysis published on the website.
All Cannaray CBD ingestible products are fully compliant with the FSA Novel Food process and are validated on the FSA public list.
Every bottle and jar that holds Cannaray CBD's oils, capsules and topicals is made from recyclable glass. We use minimal plastic for our pumps and lids – and what we do use is 100% recyclable. Additionally, all Cannaray CBD packaging and ecommerce boxes are fully recyclable.
Cannaray Limited was established with the highest standards of corporate governance, including highly experienced directors and robust financial controls
Our Scientific Advisory Board have world-class expertise across CBPM, Pain, Anxiety and Drug Delivery.
We are committed to responsible marketing and abiding by all industry marketing and advertising codes.
Cannaray’s team brings a new level of professionalism to the cannabis industry with expertise covering IPOs, building companies through consolidation, life sciences, media, consumer and retail, all complementary backgrounds to create tangible shareholder value in medical cannabis and retail CBD.
Expertise in starting and building businesses. Scott has played a key role as an executive in building five companies or divisions of larger companies from concept to high value including trade sales and IPO. Scott has built a company from two patents to a NASDAQ listing (ticker: XBIO) and has also built a dialysis clinic chain from scratch to the UK’s second-largest private provider of dialysis services. He has assisted in building National Medical Care’s fledging international business from $15M to $350M in revenues. Scott also built a healthcare corporate finance practice from scratch to 35 professionals globally.
Highly experienced FMCG expert and successful chairman, Andrew brings over 30 years of industry experience from previous Directorship and VP roles at P&G. With a successful track record in Sales and Marketing for Health and Beauty, Andrew was appointed as Chairman in 2022. Additional specialist areas include global market knowledge and new geography expansion, strategic account management with retail and pharmacy, and global sales and marketing strategies.
Experienced CFO, qualified Chartered Accountant and board-level director with a demonstrated history of developing and growing service businesses leading to improved shareholder value. Numerous M&A activities including the successful exit of a private equity-owned business. Developed significant improvements in management reporting, controls and strong financial reporting acting as a business partner for the development of the organisations. Lead several refinancings with strong banking relationship experience.
Investor and entrepreneur with experience in institutional investment and trading, international real estate investment, and private market investment. Joshua worked for Highbridge Capital Management for over a decade in London and New York and established the European trading desk for the StatArb team in London. He started angel investing in 2010 and cannabis has been his investment focus since early 2017 in both the public and private markets.
Strengthening Cannaray’s offering is a world-class Board of Directors covering industry-specific expertise in listing and running public companies, life sciences, financial, legal, media and the cannabis industry.
Chris Sullivan, Ex Deputy Group CEO of RBS and Ex CEO Corporate Banking of Santander
Sir Nigel Knowles, Ex Global Co-Chairman of DLA Piper and now Chairman of DWF Group PLC
Michael Freedman, CEO of Alchemy Media and an entrepreneur in the USA cannabis sector
The SAB is comprised of key opinion leaders covering the four approved indications to treat with medical cannabis in the UK (chemotherapy-induced nausea and vomiting, epilepsy, multiple sclerosis, chronic pain).
Dr Daniela Tonucci, Pain Specialist
MB ChB, DCH, FRCA, FFPMRCA
Dr Andrew Aswani, Anesthesiologist
MB, ChB, MRCP, FRCA, EDIC, FFICM, PhD
Dr Deane Halfpenny, Pain Specialist
MBBCh, FRCS, FFPMRCA
Dr David Moorhouse, General Neurologist
MB,BCh, BAO, MRCPI
Dr Benjamin Thomas, Pain Specialist
MBBS FRCA FFPRMCA
Dr Av Singh Cheif Scientific Officer
Global Cannabis Expert
We’re delighted to announce that our medical cannabis division Therismos GmbH has signed a multi-year contract with Alliance Healthcare Deutschland GmbH, a division of Walgreens Boots Alliance, Inc (WBA).
The strategic partnership takes Cannaray Limited one step closer to becoming Europe’s leading cannabis company across both our medical cannabis and CBD wellness brands.
The partnership is a true collaboration, where Therismos will supply high-quality medical cannabis products to pharmacies in Germany via Alliance Healthcare Deutschland and GEHE Pharma Handel. Additionally, our German team will conduct an exclusive training programme for Alphega and gesund leben pharmacists to support them in becoming medical cannabis experts.
We’re so happy to be joining the cooperation family of Alphega and gesund leben and bringing our quality medical cannabis products into the German market, which are available from today.
For more information, please speak to us at
Cannaray Limited, the European Medical Cannabis and Retail CBD company, today Monday 4th April 2022, announced the completion of a £10m funding round. Participants in the round include Channel 4 Ventures, the UK’s largest media-for-equity fund, Three Bridges Private Capital, Alpha Blue Ocean and a mix of new and follow-on private investors.
Cannaray will use the majority of funds to build its Pan-European medical cannabis business. The activation for 2022 will focus on Germany and the UK, led by its teams in Berlin and London.
The media-for-equity investment by Channel 4 Ventures also gives Cannaray CBD, the company’s flagship wellness CBD brand, access to a high-reach upmarket TV audience in the UK. In Summer 2021, Cannaray launched the UK’s first major brand campaign for CBD on TV. The campaign features Cannaray’s brand ambassador and TV presenter Claudia Winkleman as she leads the charge to recruit new customers to the brand. In addition to a high-performing DTC site, cannaraycbd.com, the brand is also stocked on Amazon and in over 1500 retail outlets across the UK including Tesco, Superdrug, ASDA, Waitrose and Harrods.
Scott Maguire, Cannaray Limited CEO, said: “I am delighted with the high participation of both existing and new investors within this funding round and thank them for putting their money and faith in us. The Channel 4 Ventures backing is one of the first of its kind in the European cannabis sector, and a sign of the credibility and growth opportunity available within the market. Having created one of the leading CBD brands in the UK, we are now focused on building Europe’s leading medical cannabis company and improving the lives of millions of people.”
Vinay Solanki, Head of Channel 4 Ventures, said: “We’ve been impressed with the leadership team at Cannaray and their progress in building a portfolio spanning European Medical Cannabis and the Cannaray CBD wellness brand. This investment fits well with our strategy to back bold categories as part nof our Future4 strategy to diversify new revenue streams. We’re looking forward to supporting Cannaray’s CBD wellness brand campaign across our marketing platform and hope it drives the significant brand awareness only possible through the scale and reach of TV advertising.
Read the full interview in the Financial Times.
