Xanthic Biopharma (CSE: xTHC) recently announced that it has entered into a binding Letter of Intent (“LOI”) with Nutritional High International (CSE: EAT) (OTCQB: SPLIF) for the production and distribution of Xanthic branded water-soluble cannabis-infused powders in California. Per the agreement, Nutritional High’s Californian subsidiaries, Pasa Verde and Calyx, will distribute Xanthic’s cannabis-infused powder products. “The Xanthic team is thrilled to advance our strategic relationship with Nutritional High in California. By utilizing the Nutritional High’s vertically integrated network, Xanthic will be able to exploit the significant market opportunity represented by the state of California. This new agreement provides value to current and future shareholders by enabling Xanthic’s launch in an important recreational and medical cannabis market,” Xanthic CEO Tim Moore stated in the news release.
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About Nutritional High
Nutritional High is focused on developing, manufacturing and distributing premium and consistently dosed products in the cannabis-infused products industry, including edibles and oil extracts for nutritional, medical and adult recreational use. The company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law. For more information, visit the company’s website at www.nutritionalhigh.com.
About Xanthic
Xanthic, through its wholly-owned operating subsidiary, Xanthic Biopharma Limited, provides valuable intellectual property to cannabis industry participants, enabling its strategic partners to produce high quality, innovative, non-combustible cannabis, and cannabis-infused products which deliver consistent THC and/or CBD levels and improved bioavailability. Using a proprietary process, Xanthic allows its strategic partners to deliver superior cannabinoid solubility, improved bioavailability, accurate micro-dosing and greater consistency versus competitive infused products. Through its investment in Avitas CBD Water, Xanthic has access to non-cannabis derived CBD-infused products that qualify for distribution outside of the cannabis dispensary network and into mainstream retail. For more information, visit the company’s website at www.xanthicbio.com.
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