NeutriSci talks CBD tablet licensing deal with LaSanta
NEUTRISCI INTERNATIONAL Inc. has entered into a memorandum of understanding outlining the terms for the manufacturing and distribution of sublingual cannabidiol (CBD) tablets, based on NeutriSci’s proprietary sublingual tablet formulations, with LaSanta Botanicals Ltd., a privately held company based in Calgary, Alta., with operations in Bogota, Colombia. The licensee is licensed in Colombia to cultivate cannabis and to manufacture and export cannabis extracts.
Subject to the terms outlined in the MOU, NeutriSci will provide the licensee with exclusive rights for Mexico, Central America and South America to utilize the NeutriSci technologies such that the licensee can produce and market sublingual CBD tablets. The tablets are a quick dissolving, flavoured tablet that offer a method to provide the consumer with a measured dose of known CBD product.
Upon signing of a definitive agreement, the licensee will pay NeutriSci a one-time licensing fee and quarterly royalties based on the value of each unit sold. The licensee intends to market the product within its own network as well as through third party distributors. As part of the MOU, the licensee may also supply NeutriSci with CBD when all legal requirements are met.
NeutriSci chief executive officer Glen Rehman stated: “This MOU establishes the next international product manufacturing and distribution deal utilizing our patent pending technologies. Together with the licensee, we are very excited to be working towards launching the first of its kind quick dissolving CBD tablet in South America. This agreement represents another step towards achieving the international distribution of our products and IP. NeutriSci is also excited that once all legal requirements are met it will be able to access low-cost, high-quality CBD compounds for distribution with its global partners.”
About NeutriSci International Inc.
NeutriSci International specializes in the innovation, production and formulation of nutraceutical products. Established in 2009, NeutriSci International is building sustainable sales models with convenience, chain drug, and mass market and supermarket retailers for neuenergy, the company’s natural energy and focus supplement that has at its core, the beneficial effects of blueberries.
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Jeffrey Wayne Durno, Anthony Hugens, Dana Montenegro, Glen Rehman
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