CEO, THOMAS SKOVLUND SCHNEGELSBERG
“Our purpose is to facilitate a better quality of life for as many patients as possible by offering pharma-based medical cannabis to the world” CEO, THOMAS SKOVLUND SCHNEGELSBERG

Stenocare – a market leader in medical cannabis

Import and wholesale of high quality finished medical cannabis products for patients.

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Stenocare is a Danish company that cultivates, produces, imports and sells prescription-based medical cannabis

Stenocare is a Danish pharmaceutical company founded in 2017. The following year, Stenocare became the first Danish company to obtain all permits to cultivate, import and trade in medicinal cannabis oils in the Danish pilot scheme. Stenocare is also the only Danish company that has succeeded in having medical oil-based cannabis products approved for the Danish pilot scheme, and  currently supply medical cannabis oil products to Danish, Swedish and UK patients.

The pharmaceutical approach ensured crucial permits

Scientific controllability, transparent processes and uniformity of products are essential to the credibility of a pharmaceutical company and to gain the trust of physicians and the many possible patients on the market. Optimising every detail and controlling the quality of products is a working method that CEO Thomas Skovlund Schnegelsberg recognises from his many years in the IT industry and now actively uses at Stenocare.

“I went from an industry that is 100 percent digital and technology-based to one that is based on nature’s processes. Stenocare strive to have 100 percent control over the ecosystem, risk management and optimisation of processes and product quality.  Even though the plant is basically a natural product, it was crucial to create a framework for its development that can be quality assured, controlled and optimised and thereby accepted and approved as prescription drugs,” says CEO Thomas Skovlund Schnegelsberg, emphasising that the technological and detail-driven cultivation process for cannabis plants is based solely on indoor climate-controlled cultivation rooms.

Our high pharmaceutical standard has led to success in several markets, and the team behind Stenocare has succeeded in obtaining approvals in several important markets.
Stenocare has partnered with leading producers of medical cannabis with the aim of importing their finished products into Denmark, Sweden and the UK. Stenocare partners with several suppliers to achieve better predictability of supply and offer patients a broader range of products for their treatment based on medical cannabis.

Products that patients and physicians can trust

Stenocare’s core ambition is to provide patients with a reliable, well-documented and easily accessible pharmaceutical alternative of the highest quality for the many patients who are seeking good clinical outcomes without being criminalised via illegal markets.

“It is a common societal problem that so many patients still find it difficult to acquire medical cannabis and are instead forced to move into an unsafe criminal landscape when they are already in a stressful life situation. If the quality and dosage cannot be guaranteed, the use of the drug, as with other medications, can do more harm than good. The prescription-based products come with the highest restrictions in relation to quality and safety and are therefore crucial to winning the trust of physicians and patients and building a solid foundation for a new, international industry,” says Thomas Skovlund Schnegelsberg, CEO in Stenocare.

Stenocare strategy

Thomas Skovlund Schnegelsberg, CEO Stenocare
Stenocare 1.0 ambitions are well implemented, and we are now commence executing our strategy for Stenocare 2.0 to become a leading medical cannabis brand in Europe Thomas Skovlund Schnegelsberg, CEO Stenocare

The Stenocare 2.0 strategy has invested in building assets within four categories that supplement each other and are important for the success of the company:

  • Regulatory assets; having the required licenses and product approvals from the Health Authorities to operate in each market. This is a key requirement to legally do business, and it includes regulatory licenses to handle-, process-, release-, store- and distribute medical cannabis. Equally important is the acquired capability to work with the medicines agencies to have new prescription-based products approved for patient’s treatment.
  • Commercial assets;  Having sales channels and distribution logistics in multiple markets for prescription-based medical cannabis. With a broad access it is possible to benefit from the market.
  • Partnership assets; Working with pharma-grade partners to develop future medical cannabis products. This is a way to be active across the entire value chain and get traction faster and having exclusive medical cannabis products to market that competition does not have.
  • Supply chain assets; Sourcing medical cannabis products that can secure supply capacity and scale across all the markets. This gives a strong and broad product portfolio to offer patients.  With multiple suppliers of finished products combined with the Stenocare indoor facility is securing capacity and capability to meet the growing demand in the market.

These four strategic assets 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, (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.

STENOCARE enter Norway and now exclusively cover all Scandinavian countries.

Oct 28, 2022
Stenocare accesses the Norwegian market. Stenocare has signed a distribution agreement with the leading distributor and pharmacy chain. “We are proud to be the only supplier in Scandinavia, and we look forward to follow the treatment effect for patients in Norway”.
Stenocare is now active in 5 countries with 11 prescription-based Medical Cannabis oil products.
There will be three different medical cannabis oil products available for patients in Norway: THC Drops 30 mg/mL, CBD Drops 20 mg/mL and Balanced 15 mg/mL THC + 24 mg/mL CBD.
 
 

STENOCARE approved to supply Danish patients with new CBD medical cannabis oil product

Oct 14, 2022

Stenocare has received approval from The Danish Medicines Agency to sell a new CBD medical cannabis oil product to Danish patients. With this, STENOCARE once again becomes the only supplier of both CBD and THC medical cannabis oil products under the Danish Pilot Programme. The product is called “CBD Olie STENOCARE” and contains 20 mg/mL CBD.

STENOCARE enters its 4th market starting sales in Australia in Q4 2022

Aug 24, 2022

Rolf Steno, Stenocare CCO and Rob Jenny, Cannvalate Business Development Manager closing the partnership agreement in Brisbane Australia. Stenocare enter the Australian market with the new oil product CBD-THC 12.5:12.5 Balanced (THC 12.5mg/mL + CBD 12.5mg/mL) that will be available to patients during Q4 2022 with sales expected to accelerate in the first half of 2023 and onwards.

 

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 Best IPO award
From left: Søren Kjær and Thomas Skovlund Schnegelsberg.

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
STENOCARE Executive management Ring the bell
From left: Rolf Steno, Thomas Skovlund Schnegelsberg, Søren Kjær.
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

Dates for release of financial information

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January 2022 - September 2022 (Q3)

09/11/2022

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January 2022 - June 2022 (Q2)

18/08/2022

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Annual General Meeting

19/05/2022

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January 2022 - March 2022 (Q1)

05/05/2022

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Annual Report 2021

17/03/2022

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Year End Report 2021

24/02/2022

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January 2021 - September 2021 (Q3)

04/11/2021

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January 2021 - June 2021 (Q2)

19/08/2021

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Annual General Meeting 2021

20/05/2021

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January 2021 - March 2021 (Q1)

06/05/2021

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Annual Report 2020

04/03/2021

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Year End Report 2020

25/02/2021

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January 2020 - September 2020 (Q3)

05/11/2020

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January 2020 - June 2020 (Q2)

20/08/2020

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Annual General Meeting 2020

14/05/2020

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January 2020 - March 2020 (Q1)

07/05/2020

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Year End Report 2019

26/02/2020

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January 2019 - September 2019 (Q3)

06/11/2019

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January 2019 - June 2019 (Q2)

20/08/2019

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Annual General Meeting 2019

16/05/2019

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January 2019 - March 2019 (Q1)

07/05/2019

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Annual Report 2017-2018

30/04/2019

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Year End Report 2017-2018

21/02/2019

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October 2017 - September 2018 (Q4)

21/11/2018

Executive Management

Board of Directors

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