Boutique Corporation PCL expedites cannabis wellness journey sealing a MOU with the Department of Thai Traditional and Alternative Medicine and joins a government project to promote prescriptions through private Thai traditional clinics
BANGKOK, THAILAND – 23 March 2022 – Bespoke Life Science Limited (“Bespoke”), a company under Boutique Corporation PCL, and the Department of Thai Traditional and Alternative Medicine (“DTAM”), under the Ministry of Public Health, have signed a Memorandum of Understanding (MOU) to mark a collaboration for the production of Thai traditional medicine with cannabis grown at the cultivation facility in Nan under its collaboration with Rajamangala University of Technology Lanna Nan (RMUTL). Additionally, Bespoke, along with RMUTL, Rajamangala University of Technology Isan (RMUTI), and Phra Ajarn Fan Arjaro Hospital, have also joined the “Collaborative project to develop a model for using Thai traditional medicinal cannabis formulations in private clinics and hospitals” prepared and proposed by DTAM in order to promote cannabis medicine prescriptions through private Thai traditional clinics. In order to achieve this momentous value chain throughout cultivation, production, distribution and prescription processes, five parties, RMUTL, DTAM, RMUT, Phra Ajarn Fan Arjaro Hospital, and Bespoke, have joined this project and to collaborate together.
Under the MOU and the said project, Bespoke will collaborate with DTAM to produce high-quality Thai Traditional Medicine with cannabis dry flower grown at the cultivation facility in Nan as an ingredient, planned to be distributed through Bespoke’s high end wellness clinics.
The main Cannabis based Thai Traditional Medicine products will include FDA approved Thai Traditional Medicine cannabis formulas for oils and capsules. Such formulas are for the treatment of ailments such as stress, anxiety, insomnia, aches and pain.
Mr. Prab Thakral, President and Group CEO of Boutique Corporation Public Company Limited said: “The partnership with DTAM marks another milestone in our ever-expanding cannabis wellness journey. We will leverage this partnership for the production of Cannabis based Thai Traditional Medicine to the forefront of modern wellness, for prescriptions of Thai Traditional Cannabis based Medicine throughout our high end wellness centers and clinics. I am happy to announce that Bespoke is on track to launch our cannabis related wellness clinics, starting with the first of many high-end clinics and wellness centers at Summer Point, Phra Khanong, that is set to launch mid-2022. Summer Point is a successful commercial and retail real estate development within Boutique’s portfolio.”
Bespoke’s cannabis journey continues to thrive and is currently on track with its set launch in the first half of 2022. In partnership with Rajamangala University of Technology Lanna Nan (RMUTL), the exclusive partnership has received various FDA approvals. This consists of the FDA approval for the import of 41 seed strains of cannabis of up to 398 seeds, currently the largest seed bank in Thailand, and for the cultivation of cannabis for research and development (R&D) received on 30 June 2021; as well as an FDA approval for the medical production and cultivation of cannabis for Thai Traditional Medicine purposes on 1 January 2022.
For more information about Boutique Corporation PCL or Bespoke Life Science, contact firstname.lastname@example.org
Assuredly, will benefit its medical wellness business