Equinox is engaged in all aspects of medical cannabis, from Land-to-Brand – developing our own processes and IP, researching proprietary strains and formulating unique products.

Aims

Business Aims Model

Business Model

To be the UK’s first Land-to-Brand vertically-integrated medical cannabis company

Our business model addresses UK demand for medical cannabis, offering approved products on a wholesale basis to medical cannabis distributors, pharmaceutical, medical and research companies. In future, we plan to introduce our own brand, OXON, the Oxford medical cannabis brand.

The rapidly emerging UK medical cannabis market is estimated to reach over £7.5 billion by 2028.

Our two primary outputs will be EU-GMP Approved Whole Flower Medical Cannabis, and EU-GMP Medical Cannabis Derived Products (extracts and compounds), produced on-site in our own custom-built facility.

UK Cannabis Market

Establishing the UK as a global medical cannabis leader.

Currently, 100% of the UK’s medical cannabis is imported, making it an expensive, complex and time-consuming process, reducing quality oversight and inhibiting market growth potential.

The UK medical cannabis market is poised for significant growth and has the potential to become one of the largest legal cannabis markets in the world, estimated to reach up to £7.5 billion by 2028. Medical cannabis legislation was introduced in 2018 after a series of political campaigns and initiatives. Ongoing political pressure, UK medical cannabis production and improving private patient access to cannabis, have the potential to result in the country becoming a leading multi-billion-pound market.

UK market timeline:

Uk Cannabis Timeline Edit

While the prescription of medical cannabis has been legal since 2018, only around 20,000 patients have so far been able to access cannabis medicine. Any specialist doctor can prescribe medical cannabis in the UK and Statista said there were 80,200 specialist doctors on the registry in 2020. It is possible for medical cannabis to be prescribed for any condition or indication, subject to the appropriate process being followed. The necessary industry frameworks, distribution and patient access structures are in the process of being developed.

There are several initiatives specifically designed to improve access to cannabis treatments, including the UK’s first registry for medical cannabis patients – established in 2019, a growing number of dedicated private cannabis clinics connecting patients with prescribing physicians and increasing political, media and public pressure.

Leadership team

Our senior leadership team has deep expertise in cannabis, finance, construction, project management, law, security and medicine.

Team Michael Abbot

Michael Abbott

Non-Executive Chairman

Michael Abbott is the cofounder and Executive Chairman of The Cannabist Company (formerly Columbia Care), the largest pharmaceutical manufacturer of cannabis related medicines in the United States, with a market cap of over CAD$1.1 billion. Founded in 2012, Columbia Care operates 130 facilities including 99 dispensaries and 31 cultivation and manufacturing facilities, 300 acres of outdoor cultivation, with licences in 18 U.S. jurisdictions.

Michael started his financial career at Swiss Bank Corporation/SBC O’Connor and later worked at Goldman Sachs. He also launched and ran two hedge funds and managed a multi-billion-dollar fund-of-funds. Michael was also CIO of the endowment of Cornell University. Prior to his career in finance, Michael served on the London Police Force in the 1980s.

Team Xan Bw

Xan Morgan

Cofounder and Chief Executive Officer

Xan is the Company’s Chief Executive Officer. Xan cofounded Equinox in 2018 having been active in the sector since 2015. Xan has pioneered leading initiatives in the cannabis sector and was a founder of policy group Cannabis Innovate. As well as being involved in initiatives to legalise medical cannabis in the UK and Morocco, he has played an integral role in the legalisation of medical cannabis in Saint Vincent and the Grenadines, which included an amnesty bill for local farmers. He also led the development of OXON, the Oxford medical cannabis brand and the Mr NICE cannabis brand, now stocked in Selfridges and distributed through partners across the UK and Europe.

Prior to cofounding Equinox, Xan spent 11 years as a founding member and director of the company Bluewater Bio, an international water and wastewater company providing technology, engineering, operation and infrastructure management services to the international market. Xan currently acts as an advisor to an array of medical and engineering firms.

Team Neil Bw

Indraneil (Neil) Mahapatra

Cofounder and Non-Executive Director

Neil is a cofounder of Equinox and is also a Managing Partner at Kingsley Capital Partners LLP, a multifamily office based in London, where he is responsible for sourcing and managing investments across all sectors.

Neil has worked in finance since 2003, for both J Rothschild Capital Management (RIT Capital Partners PLC) and Morgan Stanley. Through Kingsley, Neil has founded several businesses, including Oxford Cannabinoid Technologies Holdings PLC. Neil holds a BA, MA in Biological Sciences from Oxford University and an MBA from Harvard Business School.

Team David Cholmondeley Bw

David Cholmondeley, 7th Marquess of Cholmondeley

Non-Executive Director

Lord Cholmondeley is the descendant of Sir Robert Walpole, the first Prime Minister of Great Britain. David runs agricultural estates in Norfolk and Cheshire, including one of the largest organic enterprises in the country.

David was appointed Knight Cross of the Victorian Order in 2010, and Deputy Lieutenant of Norfolk in 2016. David is a trustee of a number of UK charitable organisations.

Team Paul Walsh Bw

Paul Walsh

Board Advisor

Paul is the current Executive Chairman of luxury automotive, motorsport and technology company McLaren Group after working as a Chairman of Compass Group Plc and various senior roles in Private Equity. He was also previously the Chief Executive Officer of Diageo plc for 13 years. He is also a non-executive director of FedEx Corporation and McDonald’s Corporation.

Team Andrew Clay Bw

Andrew Clay

General Counsel

Andrew trained as a solicitor with Herbert Smith’s in London before becoming a specialist in intellectual property law at Hammonds, where he worked for 25 years.

Most recently, Andrew served as Managing Partner of Andrew Clay Legal. Andrew holds a 1st Class Honours in Law from the University of St Andrews.

Research & Development

Inspired by nature and driven by science

Research Hexagon

Research and Development is at the core of our business and we are focused on building long-term intellectual property. Our work is underpinned by a firm belief in the healing properties of cannabis and its related compounds and the application of rigorous scientific methods to validate them. Our advanced R&D programmes aim to cultivate specially selected strains for our academic partners, whose research will underpin the next generation of cannabis-based medicines and therapies. We have conducted a number of cannabis R&D programs since 2018, as we continuously look to develop our in-house IP.

We will also develop new cultivation and processing techniques to ensure that the products we bring to market are innovative and effective.

In addition to servicing the growing demand for cannabis products, Equinox will invest in advancing scientific research into the medical properties of the hundreds of compounds found in the cannabis plant.

Since 2018, we have worked with leading biopharmaceutical drug development company, the Oxford Antibiotic Group, to develop a number of proprietary formulations and extracts for the medical cannabis prescription and Over-The-Counter (OTC) non-prescription markets.

Research Hexagon2

Partnerships

In partnership with leading academic and research institutions, Equinox is working to increase cannabis therapy options for people around the world. We are open to partnerships – please get in touch if you would like more information.

Current partners:

Logos Oxford Antibiotic Group

The Oxford Antibiotic Group is an innovative drug discovery and development company that brings together Oxford’s excellence in Chemistry and Life Sciences and Austrian drug development expertise. With offices in Oxford and Tulln, Austria, OxAG is a biopharmaceutical development company that focuses on the discovery and development of bioactive compounds. OxAG works as a contract research organisation on several of Equinox’s development programs, particularly on exclusive cannabis whole plant formulations.

OxAG was founded by Dr. Alexander Prestch, an expert in natural products and compound optimisation with over 20 years’ experience, and Professor Mark Maloney, a scientist and fellow at Oxford University with expertise in materials chemistry. OxAG has strong in-house capability in natural product compound development and modification, utilising a range of techniques (e.g. medical chemistry) for this work.

See https://oxfordantibioticgroup.com/ for more information.

Logos Cannabis Innovate

Cannabis Innovate is a research and analysis group focused on analysing and sharing Cannabis knowledge and data across the three pillars of:

  • Policy
  • Legislation
  • Technological Innovation.

The initiative constitutes a partnership between the Global Drug Policy Observatory (GDPO) at Swansea University and Equinox International; with some activities undertaken in collaboration with the Transnational Institute (TNI).

Amidst the rapid expansion of medical cannabis markets around the world, it seeks to operate as a knowledge hub offering clarity and solution-oriented outputs and activities to a range of end-users operating within an increasingly complex commercial and policy environment.

See http://cannabisinnovate.org/ for more information.