LANGLEY, BC / ACCESSWIRE / August 25, 2020 / Adastra Labs Holdings Ltd. (CSE:XTRX)(FRANKFURT:D2EP) (“Adastra”) a Health and fitness Canada Certified hashish processing and analytical screening expert services Enterprise, is pleased to announce a Letter of Intent (LOI) to enter into a partnership with JOYN Botanicals Ltd. (“JOYN”) for the exclusive Canadian use of its patent-pending SoluCann hashish powder for edibles, concentrates and beverages.
“We are energized to enter this new section of technical innovation with JOYN as we function alongside one another to provide this disruptive soluble hashish technological innovation to market in a selection of hashish by-product products. The JOYN Crew delivers awesome chemistry and biology expertise to the desk coupled with prosperous beverage and food field entrepreneurial know-how.” – Andy Hale, CEO Adastra.
Solucann Powder contains concentrated cannabinoids (THC and/or CBD) and is drinking water soluble, tasteless and odorless although obviously dissolving in liquids. This distinctive and revolutionary technologies is applicable to both of those extracts and distillates and made by an successful and economical course of action, requiring minimum production products. SoluCann is steady and homogenous in drinking water, powder and other liquids. SoluCann components are Non-GMO, GRAS, gluten and calorie totally free and Food and drug administration and Wellness Canada authorised for use in other natural overall health merchandise.
Determine 1 – SoluCann Powder Dissolved in Tea
Below the phrases of the LOI Adastra and JOYN with develop a joint entity to exploit the SoluCann know-how across the Canadian marketplace. Key objectives of the partnership include things like building and bringing to market place SoluCann goods that have applicability in drinks, superfoods, edibles, pet foods, supplements and magnificence goods.
“We at Joyn Botanicals are energized about the opportunity to do the job with Adastra to convey our Hashish 3. SoluCann technologies to market place. Collectively with Adastra’s extraction and producing abilities and our mixed scientific excellence we appear ahead to a extremely long and mutually beneficial connection.” Al Chodola, CEO JOYN Botanicals.
Earlier items created by JOYN with SoluCann have a speedy onset concerning 10-25 minutes with sustained consequences of 3-4 hrs. Speedy sublingual absorption and greater bioavailability are also traits of SoluCann goods formerly examined by JOYN. With precise and dependable dosing and no hashish flavour, the root product style and texture profile continue being the similar for SoluCann goods.
A SoluCann patent application submitted beneath the Global Patent Cooperation Treaty is pending in the United states of america.
About Adastra Labs Holdings Ltd.
Adastra Labs Holdings Ltd. is a Langley, BC-dependent cannabis business with a co-situated Health Canada Accredited Normal Processing Facility and Analytical Testing Laboratory. Adastra can create hashish extract through supercritical CO2 extraction and secondary distillation as well as carry out in-procedure good quality tests. These types of extracts can very easily be integrated into edibles, drinks, topicals, tinctures, vape cartridges and other items that will serve the Canadian medical and grownup-use hashish markets.
About JOYN Botanicals
JOYN botanicals is an progressive biotech firm that has formulated disruptive patent pending technological innovation that converts hashish oils and distillates into a water soluble, tasteless, and odorless powder (SoluCann Powder).
Main Executive Officer
Adastra Labs Holdings Ltd.
Cell phone: (778) 715-5011
Main Fiscal Officer
Adastra Labs Holdings Ltd.
Mobile phone: (778) 715-5011
Deal with: 5451 275th Avenue, Langley, BC V4W 3X8
CAUTIONARY Take note Regarding Ahead-Wanting Information and facts:
Apart from for statements of historic actuality, this news release contains specified “ahead-on the lookout info” inside of the this means of relevant securities regulation such as statements relating to SoluCann powder general performance, graduation of partnering pursuits with JOYN Botanicals, enlargement into different creation lines, graduation of specific operations, set up of devices, envisioned merchandise high quality and margins, development of new item traces and shipping and delivery to the industry. Ahead-hunting info is routinely characterised by terms this kind of as “program”, “expect”, “undertaking”, “intend”, “feel”, “foresee”, “estimate” and other equivalent text, or statements that certain functions or ailments “may perhaps” or “will” arise. Ahead-wanting statements are primarily based on the thoughts and estimates at the date the statements are designed, and are topic to a wide range of hazards and uncertainties and other factors that could induce actual activities or results to vary materially from people expected in the ahead-looking statements such as, but not limited to delays or uncertainties with regulatory approvals, which includes that of the CSE and Overall health Canada, economic, company, aggressive, political and social uncertainties, failure to commission devices, unexpected contamination of products, saturation of the market for the Company’s present and proposed long term products offerings, failure of third functions to supply on expected timelines, overestimation of competencies of third parties, termination of business engagements, termination of expected offer agreements and loss of vital personnel. There are uncertainties inherent in forward-looking information and facts, which include elements outside of the Firm’s handle. There are no assurances that the company strategies for the Business as described in this news launch will arrive into effect on the phrases or time body described herein. The Business undertakes no obligation to update ahead-hunting details if situation or management’s estimates or views must change apart from as essential by regulation. The reader is cautioned not to location undue reliance on forward-looking statements. Supplemental information and facts identifying challenges and uncertainties that could affect economical outcomes is contained in the Firm’s filings with Canadian securities regulators, which are obtainable at www.sedar.com.
Supply: Adastra Labs Holdings Ltd.
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