Cannabics
Pharmaceuticals announced today that it has finalized a letter of engagement
with Mountain High Products, a Colorado based, leading cannabis infused
products manufacturer and distributor. Mountain High Products offers a diverse
line of edible and concentrate products that deliver quality, consistency, and
potency.
Under
the letter’s terms, Cannabics Pharmaceuticals will license to Mountain High
Products the exclusive right to use its proprietary Cannabics SR technology for
manufacture and commercialization of the products in the Colorado market. The
letter’s terms allow for discussion of additional markets for both parties to
enter together upon agreement, as well. Cannabics Pharmaceuticals and Mountain
High Products intend to enter into a definitive IP license agreement within the
months after operations launch and the start of initial collaboration.
In
its production of Cannabics SR medical cannabis products, Mountain High
Products will maintain strict compliance with Colorado laws and regulations
related to “cannabis infused edible products.” Additionally, these products
will be distributed via Mountain High’s distribution channels to certified
dispensaries.
Dr.
Zohar Koren, CEO of Cannabics Pharmaceuticals, stated, “We are very excited to
launch the collaboration with Mountain High Products in Colorado and thus offer
our line of advanced medical cannabis products to American patients for the
first time. Mountain High Products is an ideal strategic partner for us to
launch US commercialization operations and by far the most professional and
dedicated manufacturer of edible cannabis products in Colorado.”
Nancy
Whiteman, owner of Mountain High Products added, “We are thrilled to partner
with Cannabics Pharmaceuticals. From our perspective, the ability to offer an
extended release option in cannabis medication will be a game changing
improvement to a patient’s medical marijuana experience. The Cannabics SR
technology will enable patients to have more consistent and longer lasting
relief from pain, insomnia and other medical conditions without the highs and
lows of other cannabis options. This is truly a huge step forward for medical
marijuana.”
For
more information, visit: www.cannabics.com
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