January 2022 - September 2022 (Q3)
09/11/2022
“Our company purpose is to help create more better days for patients, using pharma-based mentality for medical cannabis production” CEO, THOMAS SKOVLUND SCHNEGELSBERG
Invest in Stenocare, a market leader in medical cannabis.
Import and wholesale of high quality finished medical cannabis products for patients.
Mentioned in
Company announcements
Company Introduction
Founded in Denmark in 2017, Stenocare is in the business of supplying medical cannabis products to patients. The company is operating in a highly regulated market under the jurisdiction of local Health Agencies – where the products are only legally available via prescription from a physician to a patient.
Stenocare has its headquarters in Denmark, and a wholly owned subsidiary – Stenocare Ireland Ltd – in Ireland. Stenocare is a Nasdaq listed company and the company shares are traded on Nasdaq First North Growth Market Denmark.
Stenocare vision
Stenocare´s vision is to improve the quality of lives of patients who can benefit from treatment with Medical Cannabis products
Stenocare mission
Stenocare´s mission is to make Stenocare a leading European brand in premium quality prescription-based Medical Cannabis that is following the pharma principles of Good Manufacturing Practice (GMP)
Stenocare 1.0 ambitions are well implemented, and we will now commence executing our strategy for Stenocare 2.0 to become a leading medical cannabis brand in Europe Thomas Skovlund Schnegelsberg, CEO Stenocare
Stenocare strategy
The Stenocare 2.0 strategy is building assets within three categories that supplement each other and are important for the success of the company:
- Commercial assets; having prescription-based medical cannabis products approved in the very strict regulatory regime in Denmark enables the company to leverage this asset in Denmark and future markets. With a multi-supplier approach for sourcing patient-ready products, this is a solid platform for the planned international expansion beyond Denmark.
- Partnership assets; with doctors and patients looking for more product choice for treatment with prescription-based medical cannabis – the company will enter into research and development partnerships to bring exclusive and innovative medical cannabis products to market that differentiate its product portfolio.
- Supply chain assets; where the company controls the entire value chain and builds internal expertise with its own indoor cultivation facility. Having the capability of producing high quality medical cannabis that is controlled and fully documented from seed to sales in the indoor setup that emulates pharma principles is an important asset to be successful in the premium segment that Stenocare is serving in their markets. This will enable it to supply high quality products that meet the requirements of patients, medicines agencies and the pharma industry
These three categories leverage the proven results from the Stenocare 1.0 strategy, that made the company a first-mover in the Danish medical cannabis industry by securing regulatory approvals from The Danish Medicine Agency.
The company has been granted (1) approval to import/manufacture/Distribute medical cannabis products, (2) approval to cultivate and produce medical cannabis products, (3) approval to handle activities with euphoriant substances – and (4) approval to have Stenocare medical cannabis oil and capsule products accepted for the Danish Pilot Programme. The company has cultivated without the use of pesticides in their Danish small scale facility and am in the process of implementing a larger scale indoor state-of-art cultivation facility that build on best practices from greenhouse and clean-room production.
Strong start for 2022 with new products in Denmark and the UK
May 05, 2022
Stenocare CEO, Thomas Skovlund Schnegelsberg, comments on the important Q1 milestones and key figures in the Q1 Report.
Join the CEO of Stenocare in his comments on the Q1 Report
Stenocare initiates guidance: 15-20mDKK in annual revenue run rate by end of 2022
Mar 10, 2022
Stenocare has successfully reached two important license milestones during Q1 2022: This enables the company to realize sales to patients in Denmark, Sweden and the UK this year, with a gradual build-up of sales during the year. By the end of the year the expected sales run rate (calculated as Q4 times 4) is set at 15 to 20 million DKK.
CEO Thomas Skovlund Schnegelsberg comments: "We will grow sales quarter over quarter and expect to finish the current year with a run-rate of 15-20 million DKK. We think it is a realistic target and that it will be a very strong platform for further growth in existing and new markets in following year"
Stenocare enters the UK market to sell prescription-based medical cannabis oil products
Feb 25, 2022
Stenocare to make medical cannabis oil products available for UK patients. With this Stenocare is taking a major step towards its goal of becoming a European market leader. Stenocare has been working extensively with their partners to establish the logistical setup to cover England, Scotland, Wales and Northern Ireland.
CEO Thomas Skovlund Schnegelsberg comments: "From the beginning we set out to become a global supplier and a leading European brand in high quality medical cannabis. Stenocare now becomes one of few suppliers of oil products to UK patients. This is another proof point of our capabilities to execute our Stenocare 2.0 strategy”
Stenocare approved to supply Danish patients with medical cannabis oil products
Jan 07, 2022
Stenocare received approval for a new product from The Danish Medicines Agency, and is again the first and only supplier of medical cannabis oil products for the Pilot Programme. The product is named “THC Olie STENOCARE” and contain 30 mg/mL THC and <0.1 mg/mL CBD, and comes in a 30 mL bottle with an oral syringe.
CEO Thomas Skovlund Schnegelsberg comments: “Today’s announcement strengthens our position as the first mover and only provider of cannabis oils to the Danish Pilot Programme
Healthy Focus On Profitable Business Models
Jan 03, 2022
Stenocare CEO Thomas Skovlund Schnegelsberg reflects on 2021 and looks ahead to the challenges and opportunities that lie ahead in 2022.
Click here for full article
Grow-technician is evaluating
Dec 17, 2021
The Stenocare grow-technician is evaluating the flower distribution and maturation stage during his inspection. The flower buds are bulking up with plant’s nutrients. The grower is closely monitoring the distribution of the flower buds and leaves for each individual plant. The plants are only few weeks away from harvest, and plant trimming is now concentrated on creating optimal light conditions for all flower buds.
Business perspective for Danish cultivation facility
Nov 29, 2021
Stenocare now has capacity to cover its expected supply needs for the next 4-5 years, corresponding to potential annual commercial value of DKK 150 mill from the Danish facility alone. This is not a forecast or guidance for 2022 or 2023, but provide a perspective of the potential capabilities of the Danish facility.
Stenocare CEO, Thomas Skovlund Schnegelsberg, comments on the business perspectives for the upgraded facility in Denmark. This video contain insights in the supply capacity and commercial value in can potentially generate
Guided tour in the flower room
Nov 12, 2021
Stenocare has a pharma mindset for cultivation of medical cannabis.
Delivering safe prescription-based products to patients require maximum control of quality and documentation.
Follow the Stenocare CEO on a tour inside their state of art facility. This video show how the flower room is designed to comply with the strict regulatory requirements of the Medicines Agency
Guided tour in the water treatment area
Oct 20, 2021
Stenocare has a pharma mindset for cultivation of medical cannabis.
Delivering safe prescription-based products to patients require maximum control of quality and documentation.
Follow the Stenocare CEO on a tour inside our state of art facility. This video show how the company has designed an fully automated system for water treatment and fertilizer of plants
Guided tour in the indoor facility area
Oct 20, 2021
Stenocare has a pharma mindset for cultivation of medical cannabis. Delivering safe prescription-based products to patients require maximum control of quality and documentation.
Follow the Stenocare CEO on a tour inside our state of art facility. This video show how the company has designed a clean environment for the production.
Good news for the Danish medical cannabis patients and for the industry
May 25, 2021
Stenocare applauds the Danish Parliament decision to a) extend the Pilot Programme that allow Danish doctors to prescribe medical cannabis and b) to permanently allow local cultivation and production of medical cannabis. This is very good news for patients and the industry.
Prescription: The Danish Parliament today made the decision to extend the Pilot Programme for prescription of medical cannabis with another four years, when the current Pilot expires on 31th of December 2021. This will allow all doctors to continue prescribing medical cannabis products to their patients regardless of illness (ie. indication). The agreement also outlines, that Parliament will debate the levels of patient cost coverage or refund during the Autumn assembly.
Cultivation: The decision today also makes Danish cultivation and production of medical cannabis permanent beyond the expiration of the current Pilot in December 2021. With this decision, Denmark formally continues its ambition to become a leading producer of medical cannabis with an intention to serve both the home market and international markets.
Thomas Skovlund Schnegelsberg, CEO of Stenocare is commenting:
“Today is an important milestone for Danish patients and for the Danish medical cannabis industry. The Danish Parliament has decided to continue the Pilot Programme for patient’s treatment with high quality medical cannabis until 2025, and at the same time made the law for Danish cultivation and production permanent. With this decision, Denmark is now on a path to become a leading producer of medical cannabis for patients in Europa and be an important part of the hyper-growth expected in the coming years.”
Click here for link to The Danish Ministry of Health
Interview Q1 Report 2021
May 12, 2021
Helge Larsen from Proinvestor.com is interviewing Stenocare CEO about the Q1 2021 Report and state of the business (Danish interview with Swedish subtitles)
Join the CEO of Stenocare in his review of the Q1 Report, and his reflections for the progress and opportunities in the year ahead
Thomas Skovlund Schnegelsberg participated in an interview with Invest Talks published on Dagens Industri (in Swedish)
March 17, 2021
You can read the full article here – Click here for PDF (PDF doc)
”2020 has both been a exiting and busy year for Stenocare” Stenocare CEO, Thomas Skovlund Schnegelsberg, look back at 2020
“2020 has been a highly extraordinary, yet also busy year for Stenocare. Therefore, I find it natural to share a few reflections as we are nearing the end of 2020. We entered the year with a clear focus upon our Stenocare 2.0 Strategy: to become a European leader within prescription-based medical cannabis”.
Click here for PDF
(PDF doc)
Times Square New York
May 18, 2020
The iconic “tower photo” from Times Square in New York.
Nasdaq First North Denmark welcomes Stenocare for the first day of trade.
Stenocare and NASDAQ sign the wall poster for the wall of fame
May 18, 2020
Ceremony of signing the wall poster.
Stenocare´s CEO Thomas Skovlund Schnegelsberg (left) and Carsten Borring (right), Head of Listings, Nasdaq Copenhagen.
Profitable Year-End Report
February 2020
Join the CEO of Stenocare in his comments on the profitable Year-End Report 2019 and his reflections for the future growth of the company.
CEO Comments in the profitable Year-end Report
Stenocare is a ”company to watch” for 2020
February, 2020
The new edition of The European Cannabis Report 5th Edition was published February 2020, and in the section “Companies to Watch” the Report profile Stenocare as one of few medical cannabis leaders in Europe:
Quote from the Report:
“The company is now a leader in the European market; its production and distribution network in Denmark was profitable in 2018 and is currently expanding to Ireland among other emerging markets. This is notable as even large companies have struggled to produce a profit in the early years of the industry”
The European Cannabis Report is a comprehensive source of information covering each European country and its status/progress with medical cannabis. Therefore the Report offer a good insight into market opportunities, key stakeholders and how medical cannabis is applied for treatment of patients in Europe. The European Cannabis Report is free and is published by Prohibition Partners. Access the Report here.
Stenocare interview
August 22, 2019
Thomas Skovlund Schnegelsberg, CEO of Stenocare A/S present the Interim Report Second Quarter 2019 and inform about the current challenges relating to Stenocare’s Canadian partner, CannTrust. Annabella Pultz from Finwire is hosting the event.
Stenocare celebrated as the Best IPO 2018 at the ceremony hosted by SvD Börsplus.
May 22, 2019
The Stenocare Executive Management team, ring the bell at Spotlight Stock Market to start first trade of Stenocare stocks.
Oct 26, 2018
Listing ceremony , Oct 26, 2018
Listing ceremony of the first medical cannabis company in Europe.
“Our strategy to become a leading high-end brand in Europe is fueled by the competitive advantage, that we are operating under very strict regulatory control by the medicines agencies”
Marianne Wier
Chairman of the Board
Financial reports
Dates for release of financial information
January 2022 - June 2022 (Q2)
18/08/2022
Annual General Meeting
19/05/2022
January 2022 - March 2022 (Q1)
05/05/2022
Annual Report 2021
17/03/2022
Year End Report 2021
24/02/2022
January 2021 - September 2021 (Q3)
04/11/2021
January 2021 - June 2021 (Q2)
19/08/2021
Annual General Meeting 2021
20/05/2021
January 2021 - March 2021 (Q1)
06/05/2021
Annual Report 2020
04/03/2021
Year End Report 2020
25/02/2021
January 2020 - September 2020 (Q3)
05/11/2020
January 2020 - June 2020 (Q2)
20/08/2020
Annual General Meeting 2020
14/05/2020
January 2020 - March 2020 (Q1)
07/05/2020
Year End Report 2019
26/02/2020
January 2019 - September 2019 (Q3)
06/11/2019
January 2019 - June 2019 (Q2)
20/08/2019
Annual General Meeting 2019
16/05/2019
January 2019 - March 2019 (Q1)
07/05/2019
Annual Report 2017-2018
30/04/2019
Year End Report 2017-2018
21/02/2019
October 2017 - September 2018 (Q4)
21/11/2018
Executive Management
Thomas Skovlund Schnegelsberg
CEO and Co-Founder 
Thomas Skovlund Schnegelsberg, born in 1965, has extensive experience in management, strategy, business development and brand marketing. Read more
Søren Kjær
COO, Co-Founder and board member
Søren Kjær, born in 1964, has extensive experience with project management, innovation processes and biotechnology from the horticultural industry. Read more
Rolf Steno Petersen
CCO, Co-Founder and board member
Rolf Steno Petersen, born in 1965, is a serial entrepreneur and has extensive experience in business innovation, strategy and global sales and marketing. Read more
Peter Bugge Johansen
CFO
Peter Bugge Johansen, born in 1962, State Authorized Public Accountant. Bugge Johansen worked for 20 years at Interdan Holding A/S, the last six years as CEO and before that as CFO. Read more
Board of Directors
Marianne Wier
Non-executive Chairman of the Board of Directors
Marianne Wier, born in 1963, holds a law degree from Copenhagen University. Ms Wier has a background as a lawyer and has, through her previous experience, acquired extensive knowledge in leadership and a good strategic understanding. Read more
Søren Melsing Frederiksen
Non-executive member of the Board of Directors
Søren Melsing Frederiksen, born in 1976, holds a chemical engineering bachelor and a Master of Industrial Drug Development (MIND) from Copenhagen University. Read more
Jeppe Bo Petersen
Non-executive member of the Board of Directors
Jeppe Bo Petersen, born in 1966, is currently the CEO of Olivia Danmark A/S, which is one of the largest companies in Denmark’s within personal aid and support schemes. Read more
Søren Kjær
COO, Co-Founder and board member
Søren Kjær, born in 1964, has extensive experience with project management, innovation processes and biotechnology from the horticultural industry. Read more
Please find Articles of Association
