PabloBuffet wrote: https://www.globenewswire.com/news-release/2019/03/25/1760135/0/en/NeutriSci-Enters-Into-LOI-With-Falcon-Technologies-Inc-dba-Eco-Growth-Strategies-to-Manufacture-Sublingual-CBD-Products.html
VANCOUVER, British Columbia, March 25, 2019 (GLOBE NEWSWIRE) -- Neutrisci International Inc. (the "Company" or "NeutriSci") (TSX-V: NU, OTCQB: NRXCF, FRANKFURT: 1N9) the innovator and pioneer behind neuenergy®, and Falcon Technologies, Inc. (“Falcon”) (FLCN:PINK) are pleased to jointly announce they have entered into a Letter of Intent to create a sublingual CBD tablet.
NeutriSci has agreed to enter into this LOI with Falcon to create sublingual tablets for the delivery of dietary supplements including CBD in which these tablets can potentially create a product that has more efficient absorption rates than other CBD products. Upon the successful completion of a due-diligence period, both companies will work towards signing a definitive agreement in early Q2/2019.
Falcon Chairman and Chief Executive Officer William J. Delgado stated, “NeutriSci International has certain knowledge, technology and IP to create sublingual tablets for the delivery of nutraceuticals and vitamins including CBD, in which these CBD tablets have better absorption rates than other nutraceuticals and vitamins. As we have previously announced, we plan on meeting early core goals including initial product introduction by the end of April 2019.”
Mr. Delgado continued, “An integral part of our plan going forward is to have short-term goals as well as long-term goals. Developing a CBD product that has better absorption rates than our competition’s products is part of our long-term plan to create a competitive advantage. We believe that NeutriSci has certain technologies that will allow us to meet our internal specifications of a sublingual product which will add to our initial product line. If all goes according to plan, this CBD sublingual tablet will be available for sale by Q3 2019.”
Mr. Delgado concluded his comments by saying, “We chose NeutriSci because they already have proven they have the technology we desire, and they have demonstrated an ability to bring products to market which are currently being marketed throughout North America. They are the perfect partner.”
Glen Rehman, CEO of NeutriSci International said, “We are pleased at the prospects of offering Falcon an effective delivery method to bring an additional CBD product to the US marketplace. We will be working directly with Falcon to establish a long-term working relationship to develop and launch multiple ground-breaking products and expect revenue from this collaboration in Q3.”