Nutritional High International Inc. (CSE:EAT) (OTC:SPLIF) (FRA:2NU) and Isodiol International Inc. (CSE:ISOL) (OTC:ISOLF) (FRA:LB6A) announced a distribution agreement to distribute Isodiol's "Pot-O-Coffee" branded products in the states of Colorado, Oregon, Washington and Illinois.
Nutritional High and Isodiol have entered into an agreement, whereby Nutritional High will distribute (or sell packaging to licensed operators in the states with residency requirement) Isodiol Pot-O-Coffee, Pot-O-Tea, and Pot-O-Coco product lines. The Agreement will focus on specific markets in Colorado, Oregon, Washington, California and Illinois, in cooperation with Nutritional High's partner companies. As a part of the Agreement, Nutritional High will complete the final stage of manufacturing by infusing its cannabis into the product (or implement the necessary quality assurance procedures to ensure that its partners do so) and will provide a royalty to Isodiol.
Jim Frazier, CEO of Nutritional High commented: "We are pleased to announce the joint commercialization strategy with Isodiol. We feel this is an opportunity to work with a leading international player in the space that has a track record with developing and commercializing cannabis-based consumer products. This partnership will help us expand our product reach in North America and leverage the infrastructure that we have and continue to build."
“This strategic alliance with Nutritional High will offer our customers greater access to Pot-O-Coffee products via a reputable manufacturer and distributor," said Marcos Agramont, CEO of Isodiol.
Back in July, Isodiol signed a licensing agreement with Canopy Growth Corp. (TSX:WEED) (OTC:TWMJF) for the Canadian market, under which Canopy Growth has 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 announcement from Nutritional High comes just days after the appointment of Sonia Agustina as the company's new Chief Financial Officer. To stay up to date with important developments in the cannabis industry, be sure to subscribe to one or more of our free email newsletters. Also, connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram!