What SynBiotic does

SynBiotic SE is a publicly listed European holding company (Frankfurt: SBX) headquartered in Düsseldorf, Germany, that positions itself as Europe's largest vertically integrated hemp and cannabis group. It operates across three business segments: medical cannabis (60% of revenue, encompassing WEECO Pharma, SynBiotic Distribution, MH medical hemp, GOC Nexus, and Greensby), industrial hemp (40% of revenue, including HANF FARM's 1,000 ha of cultivation, Hemp Factory's raw materials processing, Hempro International's wholesale, and Ilesol's CBD extraction in Croatia), and recreational cannabis (Bushdoctor in Austria). The group sells B2B to pharmacies, pharmaceutical wholesalers, and food manufacturers, and B2C through brands such as Hempamed, BioCBD, AlterLife, and Canobo. Revenue mechanics are transaction-based across all segments with no disclosed subscription or platform fees.

The group's technology stack centers on pharmaceutical-grade cannabis processing: GOC Nexus is commercializing a patent-pending cold plasma decontamination method that received BfArM GMP certification in February 2026, and Ilesol operates a 3,400m² EU-certified extraction facility. SynBiotic pursues a buy-and-build platform strategy, having completed multiple acquisitions between 2020 and 2024 (including Ilesol for EUR 2.6M in April 2024 and WEECO Pharma in November 2024) and is led by founder-CEO Daniel Kruse, a hemp industry pioneer active since 1995. Following an October 2025 profit warning that cut revenue guidance by nearly 50%, the company is undergoing a significant portfolio cleanup: Hempro International, HANF FARM, Hemp Factory, and Bushdoctor are moving toward insolvency or liquidation, with EUR 13-14M in expected FY2025 exceptional write-downs, while a CANSOUL-led strategic investment (December 2025) and the medical cannabis pivot via GOC Nexus anchor the post-restructuring business case.

Name

SynBiotic

Legal name

SYNBIOTIC SE

Website

https://synbiotic.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

SynBiotic SE is a publicly listed German holding company operating Europe's largest vertically integrated hemp and cannabis group, importing and distributing medical cannabis to pharmacies, selling industrial hemp raw materials to food manufacturers, and marketing CBD consumer brands across Europe.

Ownership category

akta.pro rank

Product category

Cannabis and Hemp Products

NAICS

Drugs and Druggists' Sundries Merchant Wholesalers (424210), Medicinal and Botanical Manufacturing (325411), Pharmaceutical Preparation Manufacturing (325412)

SIC

Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122), Medicinal Chemicals & Botanical Products (2833), Pharmaceutical Preparations (2834)

akta.pro primary industry

Medical Cannabis Dispensaries (CRANAFAB)

akta.pro secondary industry

Organic & Natural Foods Import/Export & Global Trading (AFAIAJAK)

Keywords

• Medical cannabis distribution
• Industrial hemp processing
• Cannabis cultivation wholesale
• CBD consumer products
• Hemp food ingredients

Headquarters

HQ city

München

HQ country

Germany

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Medical Cannabis: 60% of revenue from cultivation, import, R&D/Production, and sales & distribution of medical cannabis products including cannabis genetics, pharmaceutical products, and medical devices. Import partnerships in Netherlands, Denmark, Spain, Portugal, Thailand and Canada.
2. Industrial Hemp: 40% of revenue from hemp cultivation (1000 ha), production and distribution of hemp food raw materials including hemp seeds, hemp oil, hemp flour, hemp protein powder, hemp fiber, and hemp-based consumer products. B2B sales to food manufacturers, bakeries, and wholesalers plus B2C retail.
3. Recreational Cannabis: Revenue from home cultivation products and accessories including seeds, cuttings, growing supplies. Bushdoctor offers up to 4,000 products in range.
4. CBD Consumer Products: Sale of CBD products including oils, cosmetics, and dietary supplements through Solidmind Group brands (Hempamed, BioCBD) and Ilesol production.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

SynBiotic SE is a publicly listed European holding company operating across the medical cannabis and industrial hemp value chain. Through its 10+ subsidiaries, it imports, processes, distributes, and retails medical cannabis to pharmacies and clinical facilities in Germany, cultivates industrial hemp on 1,000 hectares, produces hemp food raw materials and CBD extracts, and sells CBD consumer products via own brands (Hempamed, BioCBD, Canobo) and home-grow supplies.

Product overview

SYNBIOTIC SE is a publicly listed European holding company (ISIN: DE000A3E5A59) operating in medical cannabis and industrial hemp sectors, integrating the entire value chain from seed to shelf. The portfolio operates across three business segments: Medical Cannabis (WEECO Pharma, MH medical hemp, SynBiotic Distribution, GOC Nexus, Greensby), Industrial Hemp (HANF FARM, Hemp Factory, Hempro International, Ilesol, Lean Labs, CannaCare, WellNetIQ), and Recreational Cannabis (Bushdoctor). Revenue is distributed 60% medical cannabis and 40% industrial hemp. The group offers CBD consumer products through brands including Hempamed, BioCBD, and AlterLife under the Solidmind Group umbrella, while operating B2B operations in cultivation, extraction, processing, wholesale, and distribution of hemp and cannabis products.

Differentiator

Problem solved

Functional benefit

Brands

• Hanf Farm: Hemp cultivation and production brand, 1000 ha cultivation area in Germany
• Hempamed
• BioCBD
• AlterLife
• The Hemp Line
• PURE
• Canobo
• Phytalize
• Plantoplus

Products and services

• WEECO Pharma Medical Cannabis Wholesale German importer and wholesaler bringing together an international network of medical cannabis producers, specializing in national and international trade in medicinal cannabis including genetics and increasing focus on magistral formulations. Serves pharmacies and pharmaceutical wholesalers.
• MH medical hemp CBD Extracts Specializes in extraction of CBD, production and marketing of hemp-based cannabinoids and CBD-containing products, offering bulk CBD extracts, CBD oils and CBD isolates for manufacturers worldwide; in GMP certification process for pharmaceutical production of cannabinoid-based medicines.
• SynBiotic Distribution Medical Cannabis Supply Import and distribution of high-quality medical cannabis products, supplying pharmacies, pharmaceutical wholesalers and clinical facilities throughout Germany with cannabinoid-containing medicines and medical devices since 2017.
• HANF FARM Hemp Cultivation and Production Specializes in cultivation, processing and global marketing of premium hemp products since 1996, with 1,000 hectares of cultivation area in Germany and 10,000m² production area.
• Hemp Factory Hemp Food Raw Materials Producer of hemp food raw materials in organic and conventional quality providing germ reduction, cleaning, hulling and roasting of hemp seeds, production of hemp oil, flour, protein powder and fiber. B2B sales to food manufacturers, bakeries, and wholesalers.
• Hempro International Wholesale and Retail Leading supplier in wholesale and retail specializing in raw materials and consumer products in the cannabis sector with over 26 years of experience supplying renowned wholesalers and food processing industry worldwide.
• Ilesol CBD Extracts and Isolates Industrial manufacturer of cannabinoid extracts and CBD isolates with 3,400m² EU-certified production facility in Croatia, producing natural CBD cosmetics and dietary supplements.
• Hempamed CBD Consumer Brand Premium CBD product brand under Solidmind Group offering CBD oils, capsules, sleep drops, and specialized wellness formulations sold via Hempamed.de e-commerce.
• Bushdoctor Hemp Retail and Grow Supplies Established hemp business in Austria with over 25 years of experience and six branches offering up to 4,000 items in seeds, cuttings, growing supplies and hemp products for home cultivation.
• Greensby Medical Cannabis Digital Platform Digital platform connecting patients, pharmacies and prescribers, providing detailed terpene and cannabinoid profiles and batch-specific data for transparent, evidence-based strain selection.
• BioCBD Organic CBD Oils Organic CBD product line under Solidmind Group focused on premium quality CBD oils and wellness products sold via biocbd.de.
• Canobo CBD Wellness Brand German manufacturer and wholesaler of CBD products under the Canobo brand, focused on transferring traditional properties of hemp plant into modern formulations with emphasis on transparency and quality.
• WellNetIQ Cannabinoid Wellness Products Direct sale of cannabinoid-containing wellness products with focus on human relationships, ethical values and transparency.

Quantifiable outcome

• 22% of FY2024 revenue from three subsidiaries before restructuring
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• GOC NEXUS OPERATIONS GmbHminorStrategic or Co-development Partner · 1 February 2026SYNBIOTIC holds 15.1% stake in GOC Nexus, a canna-tech company focused on cannabis processing with patent-pending cold plasma technology. GOC received GMP certification from BfArM in February 2026, enabling operational activities in import and processing of medical cannabis.
• Ilesol Pharmaceuticals d.o.o.coreStrategic or Co-development Partner · 19 April 2024SYNBIOTIC SE entered agreement to acquire all shares of Ilesol Pharmaceuticals d.o.o. in Croatia for EUR 2.6 million. Ilesol is an industrial manufacturer of cannabinoid extracts and CBD isolates with 3,400 m² EU-certified production facility. Transaction focuses on strengthening CBD extraction capabilities.
• Enchilada GroupcoreStrategic or Co-development PartnerJoint venture between SYNBIOTIC SE and Enchilada Group to launch the first cannabis store in Germany. This partnership combines retail expertise with cannabis product supply to serve the emerging recreational cannabis market as German legalization progresses.
• International Cannabis Import PartnerscoreOthersWEECO Pharma maintains import partnerships with medical cannabis producers from Netherlands, Denmark, Spain, Portugal, Thailand and Canada. These international partnerships provide supply chain access for EU GMP medical cannabis products.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Canopy Growth Corporation: One of the world's largest cannabis companies founded by SynBiotic advisory board member Bruce Linton. Comparable as a vertically integrated cannabis platform pursuing medical and consumer segments across multiple geographies.
• Cronos Group: Canadian cannabis operator with international medical cannabis ambitions. Comparable as a publicly listed cannabis platform pursuing geographic and product diversification across multiple regulated markets.
• Tilray Brands: Global cannabis and CPG company with significant European medical cannabis footprint through Tilray Medical. Comparable to SynBiotic in distributing medical cannabis to pharmacies across Germany and the EU.

Direct peers

• Village Farms International: Vertically integrated cannabis and greenhouse produce operator with international medical cannabis exposure. Comparable to SynBiotic on the controlled-environment cultivation and processing side, particularly via HANF FARM.
• Demecan: Germany-based medical cannabis cultivator and distributor with BfArM licensing. Direct domestic peer to SynBiotic Distribution and WEECO Pharma operating in the same German pharmacy-channel medical cannabis value chain.
• OrganiGram Holdings: Canadian licensed cannabis producer with international medical cannabis export focus. Comparable as a peer-sized cannabis operator pursuing EU-GMP certified medical cannabis distribution.
• Cannim: Australian-headquartered cannabis cultivator and manufacturer with EU-GMP operations. Comparable to SynBiotic as a peer-sized medical cannabis supplier pursuing EU pharmacy-channel distribution.
• Aurora Cannabis: Canadian licensed producer of medical and recreational cannabis with German and European distribution presence. Comparable to SynBiotic as a multi-jurisdiction cannabis operator navigating medical cannabis import and pharmacy distribution channels in Europe.
• Nimbus Health: German medical cannabis wholesaler and importer working with international producers. Direct domestic peer to WEECO Pharma and SynBiotic Distribution in the German pharmacy medical cannabis supply chain.

Emerging players

• Flora Growth: International cannabis and hemp CPG operator with European distribution. Comparable to SynBiotic as a multi-jurisdiction cannabis/hemp platform pursuing both medical cannabis and consumer hemp product revenues.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/synbiotic-se

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries14 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SynBiotic