Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Willow Biosciences Inc T.WLLW

Alternate Symbol(s):  CANSF

Willow Biosciences Inc. is a Canada-based biotechnology company. The Company develops and produces precision fermented functional ingredients for the health and wellness, food and beverage and personal care markets. Its FutureGrown biotechnology platform allows production with sustainability at its core. Its commercial product, Cannabigerol CBG, which is a cannabinoid that has anti-microbial, anti-inflammatory, and antioxidant properties. It also offers BioOxi, a bio-oxidation technology platform. By leveraging BioOxi, commercial partners can revolutionize manufacturing of oxygenated and hydroxylated functional ingredients, such as steroids, polyphenols, oxyterpenes and certain other targeted ingredients produced from such methods. It is also developing BioOxi-based process for production of the generic active pharmaceutical ingredient (API), hydrocortisone, and its derivatives. Its other pipeline products include Ursodeoxycholic acid (UCAC), Astaxanthin, B-carotene and others.


TSX:WLLW - Post by User

Comment by Popeye82on Jun 10, 2021 3:38pm
105 Views
Post# 33366630

RE:RE:Willow Biosciences Enters Multi Year CBG Supply Deal

RE:RE:Willow Biosciences Enters Multi Year CBG Supply Deal
https://thedeepdive.ca/willow-biosciences-enters-multi-year-cbg-supply-deal/
"

Willow Biosciences Enters Multi Year CBG Supply Deal

Willow Biosciences (TSX: WLLW) this morning announced its first multi-year supply agreement. The company is set to provide Cellular Goods PLC with its synthesized cannabigerol, or CBG, for use in cannabinoid-based skin products that are launching this fall in the United Kingdom.

The arrangement is expected to see the first shipment of synthetic CBG occur in July. Financial details of the transaction however were not released.

The announcement follows the news in May that the European Commission added CBG to the list of approved cosmetic ingredients, indicating that compound is safe for use in personal care and cosmetic products. As a result, CBG is now eligible to be used in such products across the EU with permission, enabling Willow’s synthesized product to become an ideal core ingredient within the evolving regulatory landscape.

“We are very excited to announce our first commercial supply agreement for CBG. In just over two years we have gone from proof of concept in the lab to commercial scale up and sales of our first cannabinoid which will be slated for use in a consumer product. Cellular Goods are at the forefront, developing premium consumer cannabinoid products in the United Kingdom and we are thrilled to be supplying them with our ultra-pure, biosynthetically made CBG.”

Trevor Peters, CEO of Willow Biosciences

Willow Biosciences last traded at $1.23 on the TSX.


FULL DISCLOSURE: Willow Biosciences Inc is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Willow Biosciences Inc on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

"
<< Previous
Bullboard Posts
Next >>