SiamEast opens new markets and steps into the medical and pharmaceutical business.

29  August 2022 –  SiamEast Solutions Public Company Limited joins forces to study cannabis and hemp for investment. with the company Quality Plus BiomedTech Company Limited  A Thai health and beauty innovation company that has been recognized on the world stage. Quality Plus Healthy & Beauty Innovation Company

On this occasion, Ms. Orasa Wimolchalao, Chief Executive Officer of SiamEast Solutions Public Company Limited and Mr. Krirk Leekasem, Deputy Chief Executive Officer of SiamEast Solutions Public Company Limited, jointly signed an agreement with Ms. Attha  Thepyot, Chief Executive Officer of Quality Plus BiomedTech Co., Ltd. and Khun Krisada  Tan Pao consults with the Chief Business Development Officer.

For the past several years, Thailand has had a continuously high growth rate in the beauty industry. According to the Department of International Trade Promotion Ministry of Commerce The beauty industry will have a value of up to 280 billion in 2018. Currently, Thailand is a country with a beauty market share ranked 17th in the world. In the long run, Thailand’s beauty industry There is still a lot of room for development as well.

Executives of both companies Saw an opportunity and a way to develop products using cannabis raw materials. Hemp comes as an ingredient in quality products. and will be in demand in the market in the future Therefore, this agreement was signed. SiamEast Solutions Public Company Limited is the supplier of raw materials used in planting. and producing, extracting and refining raw materials with machinery and various technologies from marijuana and/or hemp plants such as bark, trunk, branches, stalks, leaves, roots and put them to good use. in research and development of various products such as medicines, dietary supplements, cosmetics, etc.

And as for Quality Plus BiomedTech Company Limited, it is the research and development of the formula. According to the Act on the Use of the Narcotics Code, B.E. 2021, such as medical cannabis oil Metta Medicine Recipe and Karuna Medicine recipe Including other products and covers the use of products obtained from cannabis extracts such as bark, stems, branches, stalks, leaves, roots and components that can be used legally. Includes legally processed inflorescences and kratom. To be used in the research and development of various products such as medicines, dietary supplements, cosmetics.