Nusa CSR Co., Ltd., along with Hannabis Global Co., Ltd. and Suranaree University of Technology, three leading sectors in the country, announced a Memorandum of Understanding (MOU) to create the most comprehensive ecosystem for hemp and cannabis. Nusa CSR Co., Ltd. and Cannabis Global Co., Ltd. partnered with Suranaree University of Technology, led by Professor Dr. Nueng Tiaamrung, Dean of the Faculty of Agricultural Technology, Suranaree University of Technology, Associate Professor Dr. Anan Thongraoa, Acting President of Suranaree University of Technology, and Dr. Chakrapong Eawtrakul from Suranaree University Hospital, officially signed the MOU at My Ozone, Khao Yai, Nakhon Ratchasima, to announce their collaboration in making My Ozone the most comprehensive cannabis city. Suranaree University of Technology will contribute in the areas of education, academic research, while the private sectors, Nusa CSR and Cannabis Global, will drive investment and open international markets, propelling hemp and cannabis to become a new economic crop for Thailand.

Associate Professor Dr. Anan Thongraoa, Acting President of Suranaree University of Technology, commented on this collaboration, stating, "All three parties aim to collaborate on research and innovation to create a 'cluster' ecosystem for cannabis and hemp, promoting technology and public health innovations that are safely accessible to the public, enhancing the excellence of medical innovations." This initiative will start from cultivation, developing high-quality strains with significant active ingredients, extracting essential compounds, establishing production standards, utilizing hemp economically, creating new innovative products from hemp, developing medicinal formulations, and ensuring the safety of raw materials and products. It will also advance medical technology and public health, along with compiling treatment statistics to enhance and develop medicine in Thailand, supporting economic stability in hemp and promoting tourism in the country, aligning with the strategic plan to drive the country with 10 key target industries.

Ms. Sirinya Thepjaew, Managing Director of Nusa CSR Co., Ltd., stated, "Nusa CSR has a vision for developing hemp and cannabis for health and medical benefits through knowledge transfer and research from all perspectives, which will ultimately benefit the medical field, positioning Thailand as a Medical Hub of the world."

This collaboration marks the first phase of research that will utilize CBD (Cannabidiol) found in hemp and cannabis, known for its properties in reducing anxiety and stress. Dr. Chakrapong Eawtrakul, the head of the medical cannabis research project and advisor at Panacee Hospital, has used this compound to treat patients suffering from stress, insomnia, and dependence on sleeping pills, demonstrating its efficacy in alleviating symptoms. Importantly, this compound also reduces inflammation, making it applicable in COVID treatment, indicating the potential for further research development.

This partnership with various leading organizations aims to promote cannabis and hemp as a new economic crop for Thailand. The collaboration among these three partners begins with uniting and mobilizing experts from all sectors to create cannabis innovations, from technology transfer in cultivation, strain development, and research for medical benefits in both traditional and alternative medicine, driven through community enterprise networks to generate income for farmers and enhance local value. Importantly, they will also collaborate in producing essential extracts while ensuring quality control, allowing the public to access cannabis and hemp safely and according to standards.

Mr. Udom Wang, Managing Director of Nusa CSR Co., Ltd. and executives from Cannabis Global Co., Ltd., stated, "Currently, hemp and cannabis are being developed in various aspects, including public health, medicine, and many other essential areas of daily life. The company has the potential to open markets internationally, recognizing that products derived from cannabis and hemp can be researched and developed into numerous applications beyond medicine. We aim to produce not only for the Thai market but also to expand into the global market, and we want to be part of supporting this collaboration."