Exclusive Interview with FoliuMed Holdings Founder and CEO Oliver Zugel
FoliuMed Holdings is a low-cost producer of medical cannabis with operations in Colombia and Germany and export relationships in multiple countries. Founder and CEO Oliver Zugel spoke with New Cannabis Ventures about the company’s exciting markets and competing on a global scale. The audio of the entire conversation is available at the end of this written summary.
Zugel served as a strategy consultant 30 years ago. After about 15 years in that role, he became the CEO of a multinational gaming company with operations in seven countries and 20,000 employees. He helped to take the company public in 2007. His first experience in the cannabis space was launching the extraction company Taproot Holdings in Las Vegas.
After learning from his experience in the U.S. cannabis market, Zugel worked with a colleague from the gaming company, Diego Felipe Navarro. Together, they founded FoliuMed. Navarro serves as the company’s Colombia operations CEO. Dr. Armin Prasch and Dr. Andreas Koenig are senior members of the team in Germany, each bringing years of pharmaceutical leadership experience to their roles.
Colombian and German Operations
FoliuMed differentiates itself in part by maintaining lean operations with a modest cash burn, according to Zugel. In Colombia, the company has a 16-hectare cultivation facility. It cultivates at an altitude of