Agreement with Pathway Health TORONTO, Dec. 2, 2021 /CNW/ - Canntab Therapeutics Limited (CSE: PILL.CN) (OTCQB: CTABF) (FRA: TBF1.F) (the "Company" or "Canntab"), the leading innovator in cannabinoid and terpene blends in hard pill form for therapeutic applications, is pleased to announce that it has entered into a service agreement (the "Agreement") with Pathway Health Corporation ("PHC"). Pathway Health is one of the largest providers of out-of-hospital pain management services in Canada. The company owns and operates nine (9) community-based clinics across four provinces. Pathway Health's team of healthcare professionals and clinic staff can assess and treat patients with chronic pain or those interested in medical cannabis.
Canntab Therapeutic's full suite of oral tablet products consisting of a range of both THC and CBD strengths will be available to patients served by Pathway Health. Canntab believes this type of dosage format will be preferred by certain patients – such as those in the senior demographic, who are largely interested in a product that is easy to administer and yet, is also titratable due to the availability of different strengths. On November 11, 2021, Canntab received its medical sales license from Health Canada for its Markham, Ontario facility, enabling the sale of all products directly to medical consumers. The amendment marked the final regulatory step required to launch the company's direct to consumer website, allowing patients across Canada with an authorized medical document to order online, Canntab's unique patented exact dosage tablets and caplets of THC and CBD in various strengths. Exact dosing and ease of administration are the key elements in the Canntab offering, which specifically addresses the needs of the medical community and patients.
Larry Latowsky, Canntab's CEO states, "we are extremely pleased to have announced our first health clinic affiliate partnership within a couple of weeks after receiving Health Canada approval. With a network of specialized medical clinics in major markets across Canada that treat patients with chronic pain, the largest out of hospital chronic pain center and the largest medical cannabis tele-health network in Canada, Canntab's medical cannabis products can potentially be made available to tens of thousands of medical cannabis patients."
Canntab will work collaboratively with Pathway Health to create educational resources on Canntab products. Pathway Health's medical cannabis focused virtual clinics (staffed by nurses, physicians, nurse practitioners and educators) are experienced in performing medical cannabis assessments, educating patients on the benefits, risks and potential applications of medical cannabis, creating care plans which include dosing/titration schedules, reviewing medical cannabis products options and providing follow-up care. If appropriate, education on Canntab products will be provided along with assistance around the registration process. "We believe that using oral tablets to deliver cannabinoid therapy will make sense for select patients because it allows for precise dosing in an easily administered dosage format, that many patients are already familiar with", said Ken Yoon, CEO at Pathway Health. "We're very pleased to be entering into this agreement with Canntab and to be able to provide this unique product offering to our patients", said Ken Yoon. Latowsky added "Pathway can now educate interested patients, who they believe would benefit from Canntab's proprietary solid tablet - exact dosage technology.
With the Health Canada approval now behind us, we expect to announce many more affiliate partnerships over the coming weeks and months as we roll out our e-commerce platform across Canada."
About Canntab Therapeutics Limited
Canntab Therapeutics is a Canadian biopharmaceutical company focused on the manufacturing and distribution of a suite of hard pill cannabinoid formulations in multiple doses and timed-release combinations. Long referred to as Cannabis 3.0 by the Company, Canntab's proprietary hard pill cannabinoid formulations provide doctors, patients and consumers with medical grade solutions which incorporate all the features one would expect from any prescription or over the counter medication sold in pharmacies around the world. These will include the following formulations: once a day and extended release, both providing an accurate dose and improved shelf stability.
Canntab holds a Cannabis Standard Processing & Sales for Medical Purposes License, and a Cannabis Research License.
Canntab trades on the Canadian Securities Exchange under the symbol PILL, on the OTCQB under the symbol CTABF, and on the Frankfurt Stock Exchange under the symbol TBF1.