Wildflower Marijuana (
CSE: SUN,
Stock Forum) expanded its market potential today when the company announced that it had signed a letter of intent to license what it purports to be the most advanced technology to deliver oil-based derivatives in the disposable vaporizer industry.
According to the
news release, the company will have exclusive rights to the aforementioned technology in Washington State which it expects will give it a leading-edge over the competition with other similar productions.
As a result of the letter of the intent, the company will be granted exclusive sales and marketing rights to the vaporization device for distribution in the State of Washington for use with cannabis e-juice. The tech is reported to address deficiencies experienced in the disposable vaporizing industry by eliminating the human error factor in soldering and assembly as well as replacing the over-heating chromium wire which can damage oils and emit harmful by-products.
Company President and CEO, William MacLean, commented, “This is a major milestone for our Company. Vaporizing is one of many growing trends in the cannabis sector and the lack of a proper delivery system has been a huge issue with consumers. We will continue to develop and invest in products that enhance the consumer experience while addressing these trends. We are moving as quickly as possible to launch this new technology into Washington State.”
He then concluded, “We couldn’t be more pleased to have partnered with a world class company that has addressed these issues. The rollout of this product line will be our perfect market entry point and a first step in Wildflower becoming not only a global brand but a brand that stands for the highest quality and customer experience.”
Wildflower Marijunana was in the news recently when
the Vancouver-based company was included in the 4/20 medical marijuana investor power rankings report penned by Stockhouse’s own MMJ guru , Chris Parry.
Currently there are 30.0m outstanding shares with a market cap of $8.1 million.
FULL DISCLOSURE: Wildflower Marijuana is a Stockhouse Publishing client.