Isodiol International Inc. Announces Letter of Intent for Ongoing Supply of Pharmaceutical Grade Cannabidiol to Pure Global C...
02 August 2018 - 8:17PM
Isodiol International Inc. (
CSE:
ISOL)
(
OTC:
ISOLD)
(
FSE: LB6A.F)
(the “Company” or “Isodiol”), a global CBD
innovator and market leader specializing in the development of
pharmaceutical drug deliveries, health and wellness products and
now supporting the pharmaceutical industry at large with BSPG
Laboratories, LTD. recently approved CBD as an Active
Pharmaceutical Ingredient, is pleased to announce it has signed a
letter of intent with Toronto based Pure Global Cannabis Inc.
(TSX.V:PURE; OTC: PRCNF)
(“Pure Global”),
for the ongoing supply of pharmaceutical and nutraceutical grade
Cannabidiol (CBD) isolates and other potential products.
Pure Global is a vertically integrated, growth-oriented life
sciences cannabis company led by experienced pharma industry,
horticultural, and supply chain experts. The Company's wholly owned
subsidiary, PureSinse Inc., is a licensed producer under Canada’s
Access to Cannabis for Medical Purposes Regulations ("ACMPR").
Upon the successful importation and product testing of an
initial trial order of raw CBD isolate, Pure Global and Isodiol
intend to establish a Definitive Supply Agreement for the ongoing
supply of CBD isolate and intend to explore additional means of
collaborating together.
Marcos Agramont, CEO of Isodiol, stated: “Pure Global’s team is
comprised of passionate pharma-industry leaders whose vision is to
utilize leading-edge pharmaceutical technologies and harness the
therapeutic properties of world-class cannabidiol ( CBD ) based
products. We look forward to this new partnership to supply BSPG
Labs’ industry leading pharmaceutical grade CBD designated as an
Active Pharmaceutical Ingredient.”
“We’re excited to secure this pharmaceutical grade source of
U.K. manufactured CBD from Isodiol and BSPG Labs at a time when new
local British and regional European opportunities are presenting
themselves by the day,” said Pure Global President & CEO, Malay
Panchal. “Notwithstanding the growing demand for CBD in Canada and
our plans for pharma and nutra grade imports, we call ourselves
‘Global’ for a reason. This is the first of a number of strategic
initiatives which will help propel our international vision
forward.”
As a GMP certified facility, Isodiol’s subsidiary BSPG
Laboratories Ltd. has received government approval from the United
Kingdom’s Medicines and Healthcare Products Regulatory Agency
(MHRA), in accordance with The Human Medicines Regulations 2012 (SI
2012/1916), for the manufacturing of CBD under certificate number:
UK API 48727.
For more information on Isodiol, please visit
www.isodiol.com
About Isodiol International
Inc.
Isodiol International Inc. is
the market leader in pharmaceutical grade pure, natural CBD and the
industry leader in the manufacturing and development of CBD
consumer products.
Isodiol is the pioneer of many firsts in the CBD
industry, including the commercialization of 99%+ pure, natural
isolated CBD, micro-encapsulations, and nano-technology for the
highest quality consumable and topical skin care products. Most
recently, the company received approval for its CBD designated as
an Active Pharmaceutical Ingredient for use in Finished
Pharmaceutical Products as was announced April 26, 2018.
Isodiol’s growth strategy includes the
development of over-the-counter and pharmaceutical drugs, expanding
its consumer products portfolio and aggressively continue
international expansion into Latin America, Asia, and Europe.
Join Us On Facebook:
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ON BEHALF OF THE BOARDMarcos
Agramont, CEO & Director
INVESTOR
RELATIONS:Ir@isodiol.comwww.isodiol.com
Forward-Looking Information:
This news release contains "forward-looking information" within the
meaning of applicable securities laws relating to statements
regarding the Company's business, products and future the Company’s
business, its product offerings and plans for sales and marketing.
Although the Company believes that the expectations reflected in
the forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. Readers
are cautioned not to place undue reliance on forward-looking
information. Such forward-looking statements are subject to risks
and uncertainties that may cause actual results, performance and
developments to differ materially from those contemplated by these
statements depending on, among other things, the risks that the
Company's products and plan will vary from those stated in this
news release and the Company may not be able to carry out its
business plans as expected. Except as required by law, the Company
expressly disclaims any obligation and does not intend, to update
any forward-looking statements or forward-looking information in
this news release. Although the Company believes that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct and makes no reference to profitability based
on sales reported. The statements in this news release are made as
of the date of this release.
The CSE has not reviewed, approved or disapproved
the content of this press release.
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