Someone’s DD Great insight which really helps Tetra investors believe!!
Who is this supply agreement with? The very high quality CBD supply agreement is with True North Cannabis in Alberta, Canada.
Who is True North Cannabis?
“True North Cannabis has built a state-of-the-art facility in Alberta which will provide the highest quality CBD for Tetra, at a competitive price, to develop innovative products in partnership with Genacol. Price to consumers is a critical aspect for the viability of a commercial product in the self-care health market.”
Can Tetra and True North Cannabis elaborate on where you said the deal is at a competitive price?
“We are very pleased to secure a competitive supply agreement with True North Cannabis as Tetra is committed on bringing innovative cannabinoid products to market,” says Dr. Guy Chamberland, interim CEO and Chief Scientific Officer of Tetra Bio-Pharma. (According to industry statistics) the market for topical pain relief products exceeds $2.5 billion and the products are expected to be launched in 2019. “True North Cannabis is pleased to enter into a commercial relationship to supply hemp-based CBD to Tetra Bio-Pharma,” Shayne Hamilton, Chief Executive Officer of True North Cannabis commented. “Our business leverages the size and scale of the industrial hemp crop in Canada to provide a competitively priced, reliable source of CBD. Tetra Bio-Pharma’s vast experience in pharmaceutical product development, along with Genacol’s robust distribution footprint, presents True North Cannabis a unique opportunity to market our product.”
What products will be produced from this initial agreement with TNC and Genacol?
Tetra Bio-Pharma will develop a cannabinoid derived oral capsule and a topical cream for treating joint pain and inflammation which will be commercialized under the previously announced partnership with Genacol.
Could Tetra speak to its edge and advantage in producing these two products?
Tetra Bio-Pharma will use its formulation and regulatory expertise and clinical trial data from its topical cannabinoid and encapsulated cannabis oil (PPP005) trials to create these innovative products for Genacol. (I see. So this gives you quite an advantage and a marketing lead as well. Understood. Thank you.)
Where else in regulatory areas will Tetra be taking the lead to marketing approval?
Tetra Bio-Pharma will work with the appropriate regulatory agencies to gain marketing authority within Genacol’s international sales network where their brand products are available in more than 40 countries, including Latin America, Europe, Asia, the Middle East, Africa and the United States. (Did I hear that correctly? You said, "with their international sales network?" Tetra? ... yes, Greg. That is correct. Thank you. That is a LOT of geography there. How many continents IS that, anyway? Nevermind, I can count. Thanks again, guys. We have a saying in crypto, to the moon. I believe you are going also to the moon, guys!)
Wow, that's it. No further questions, gentlemen. Anything you want to add?
In addition, the Genacol trademark is registered in 81 countries worldwide.
(Wait a minute! Okay, so, you said be advised of this? You know I'm a busy man. No time for trivia. It's not trivia? Ok. It's not trivial either? Can you comment further on why you keep bringing this up, this is the second time now? No further comment? Okay. Very good. Thank you for your answers and final comments.
Part 2 Due Diligence on True North Cannabis
https://www.truenorthcannabis.com/
A RELIABLE SOURCE OF CBD
SUPPORTING THE HEMP FARMING COMMUNITY
CREATING VALUE FOR HEMP GROWERS
BRIDGING BROAD ACRE AGRICULTURE AND THE CANNABIS INDUSTRY
True North Cannabis creates value for hemp growers and CBD producers by providing the infrastructure and technology to produce commercially viable CBD from industrial hemp.
... we ensure our customers receive a premier hemp-based product that will reduce extraction costs of final product. By providing access to our environmentally controlled, finished product storage environment, our growers maximize product value by minimizing CBD degradation, while our customers receive exceptional product quality and the ability to receive product on rateable basis. Agronomic Support: To help manage crop quality, TNC provides access to in-season touch points with a certified agronomist and a feedback loop across the TNC grower network. We produce food products that are abundant with essential fatty acids and protein. Our hemp seed and hemp oil products are a great source of magnesium, zinc and iron, and also offer some potassium phosphorus and calcium, which are all necessary for normal body function and development.
Bottom line that I see from my due diligence on True North Cannabis?
Let me quote them:
"Since 2013, TRUE NORTH has been on a mission to elevate standards"
Tetra united