MSM Announces Partnership with Freedom Pharmacy Operations, LLC
Initiative seeks to pursue Class II medical cannabis license in Georgia
ATLANTA—January 26, 2021-- Morehouse School of Medicine announced today it is advancing an equity relationship with Freedom Pharmacy Operations to pursue a Class 2 production license for medical cannabis in Georgia. If granted a license from the GA Access to Medical Cannabis Commission, Freedom Pharmacy will launch a new medical cannabis business in Georgia with a focus on treating patients with non-euphoric medical cannabis remedies instead of synthetic drugs.
The founders of Freedom Pharmacy shares MSM’s vision of helping patients with natural remedies instead of synthetic drugs, Once a Class 2 license is granted, Freedom will produce non-euphoric medical cannabis oil. The products will help Georgians with end-stage cancer, seizure disorders such as epilepsy, severe multiple sclerosis, post-traumatic stress disorder, and other significant medical conditions allowed by the State of Georgia. This partnership will accelerate the company’s growth while helping countless families across the state.
“Morehouse School of Medicine has had a focus on natural products and their medical use for years,” said MSM President and Dean Valerie Montgomery Rice, MD. “In Freedom, we sought out an equity partner that was the best fit for our health equity mission, and establishing programs-focused natural products development. Our business partnership with Freedom Pharmacy has the potential to be a transformative opportunity for our institution. We look forward to being an active business partner with Freedom.”
MSM owns 25 percent of the Class A founder’s equity of Freedom Pharmacy and have a seat on the Freedom Pharmacy Board of Managers. Freedom Pharmacy will be applying for a Class 2 license allowing for a 50,000 square foot indoor cultivation and manufacturing facility that will be located in Clayton County. Freedom expects to hire 60 employees and have a significant opportunity to serve the patients of Georgia.
About Freedom Pharmacy Operations, LLC
Freedom Pharmacy is dedicated to creating a safe, equal, and inclusive environment for its employees and patients alike so that all Georgians receiving our care are always welcome. To this end, Freedom Pharmacy has committed portions of its potential proceeds to minority partners and organizations. The founders of Freedom Pharmacy have been an integral part of the medical device and pharmaceutical business for more than 35 years. Freedom Pharmacy’s mission is to develop and manufacture high quality alternatives to highly-addictive opioids for pain management. Its established network of top-tier doctors and medical providers will bring these new medicines to patients across Georgia.
About Morehouse School of Medicine
Morehouse School of Medicine is located in Atlanta, GA. The historically Black institution exists to improve the health and well-being of individuals and communities; increase the diversity of the health professional and scientific workforce; and address primary health care through programs in education, research and service, with emphasis on people of color and the underserved urban and rural populations in Georgia, the nation, and the world. The faculty and alumni are noted in their fields for excellence in teaching, research and public policy, and are known in the community for exceptional, culturally appropriate patient care. Morehouse School of Medicine is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award doctorate and master’s degrees. To learn more, visit www.msm.edu.
Nicole V. Linton