- Business
- ODI Pharma AB (publ), a Swedish pharmaceutical company founded in 2018 and headquartered at Oestermalmstorg 1 in Stockholm, specializes in the production and distribution of medical cannabis products and cosmetics across Europe, primarily targeting Eastern European medicinal markets through subsidiaries such as ODI Pharma Polska Sp. z o.o. and partnerships with wholesale distributors serving over 14,000 pharmacies, specialty clinics, and hospitals. The company offers pharmaceutical-grade dried cannabis flowers featuring varying THC and CBD levels for treating conditions including multiple sclerosis, chronic pain, and chemotherapy side effects; cannabis oils, capsules, tablets, and oromucosal sprays; and cosmetics under the Kandol brand, sourcing raw materials from global leaders like Tilray Brands Inc. to ensure quality and regulatory compliance without in-house cultivation. Recent developments include an exclusive supply collaboration with Synoptis Pharma Sp. z o.o., part of Poland's Neuca Group, positioning ODI as the primary medicinal cannabis provider in Poland and 22 other Eastern and Southeastern European countries following regulatory approval and a near-doubling of Poland's 2025 import quota; a January 2025 CEO appointment of Jan-Mark Edewaard; sale of the Kandol skincare brand for SEK 3.2 million; a rights issue raising approximately SEK 2.2 million net; and loan financing of EUR 350,000 to support expansion and financial strengthening.