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Isodiol International Inc. (CSE:ISOL) (OTC:LAGBF) (FRA:LB6A), a self-described “market leader in pharmaceutical grade cannabis compounds and the industry leader in manufacturing and development of consumer products,” announced this morning that it has signed a licensing agreement with Canopy Growth Corporation (TSX:WEED) (OTC:TWMJF) (FRA:11L1).
Canopy Growth Corp. is the largest Canadian cannabis company that now has a diverse portfolio of brands and curated marijuana strain varieties. The Health Canada licensed producer and seller of medicinal cannabis is supported by over half a million square feet of indoor and greenhouse production capacity, solidifying it as one of the largest producers pursuant to the ACMPR.
Within the cannabis industry, we’ve seen cannabinoid infused products ranging from chocolates, to chewing gums. One of the infused product trends we’ve seen developing recently is the interest in producing and marketing infused coffees, teas, and other drinks.
Under this recently announced licensing agreement, Canopy Growth will have the right to manufacture and distribute Isodiol's "Pot-O-Coffee" and "Pot-O-Tea" branded marijuana infused single serve K-Cup products in Canada and certain other markets internationally as federal regulations allow.
This product license agreement include both caffeinated and decaffeinated product lines as well as Isodiol's single serve "Pot-O-Coco". In addition to the Canadian manufacturing and distribution rights, Canopy Growth will also have the right of first refusal to sell the "Pot-O" brand products in any territory outside of the US, Mexico and Puerto Rico.
Isodiol's CEO Marcos Agramont commented, “This distribution agreement has us positioned to increase our global footprint with the largest cannabis company in the world. We will continue to develop our Pot-O-Coffee product lines with ready to drink and cold brew products while working with Canopy Growth for international distribution channels. The Pot-O-Coffee brand is well recognized, and adding additional products to this line will continue to strengthen its market presence.”
The availability of the various licensed products in Canada and elsewhere will differ depending on applicable laws and regulation. While Canadian laws do not yet allow for the manufacture and sale of cannabis infused products, Isodiol and Canopy Growth anticipate that such infused products will be allowed in the near future.
Furthermore, the currently proposed rule changes in Canada would permit the sale of infused products but would not allow such infused products to contain both marijuana and caffeine. As such, the specific product offerings in Canada and elsewhere may be limited. We will be sure to provide additional updates as new regulations are adopted and as product roll-out plans are developed between the two licensing parties.
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