For people seeking a different kind of getaway, Releaf Group (RGL) has entered into a commercial arrangement to own 51% of a planned Luxury Cannabis Wellness Retreat. The property has water views and is located 20 minutes from the centre of Byron Bay and 15 minutes from Mullumbimby and Brunswick Heads. As the medical use of cannabis continues to expand, a unique market opportunity in catering to wellness and luxury tourists is emerging.
The new retreat “ZOL Wellness” will enable medicinal cannabis patients to consume on-site, as well as have access to nutritionists, physicians and a number of varied medical specialists and allied health professionals during their stay. The premium-priced retreat will be open for day sessions and longer stay programs for singles and couples includes a MULL Cafe Restaurant on-site and is expected to considerably increase revenues and earnings for the group. ZOL Wellness also provides a new medical tourism franchise product that can be marketed into new and emerging cannabis tourism territories such as New Zealand, Fiji and Thailand.
“We are pleased to announce our collaboration with Releaf Group and the Luxury Cannabis Wellness Resort in the Byron Bay Hinterland. The community and region will benefit greatly from our partnership.” – ZOL Wellness
Gary Mackenzie, Founder and CEO of Releaf Group stated “the company is extremely excited on behalf of its shareholders to be entering into this strategic partnership to launch ZOL Wellness, the first cannabis wellness centre in the APAC region. The partnership also provides RGL with bricks and mortar assets that strengthen the company’s balance sheet as we progress towards a planned IPO listing”.
Medicinal Cannabis retreats in legal jurisdictions are rising in popularity and appeal to a wide range of demographics. From mid-30s women and couples seeking an elevated escape to those executives who need to energise after long hours in the office, there will be a number of wellness options at ZOL on offer.
ZOL will feature a range of medical cannabis professionals focusing on general wellness, sleep, pain and anxiety-related issues on site ready to answer any question about the plant and dosage consumption recommendations. So, if you’re interested in swapping a snow holiday or luxury resort for one that’s all about vaping and edibles, but don’t know where to start, stay tuned for ZOL Wellness.