Isodiol International Inc. Applauds U.S. Drug Enforcement Agency (DEA) Rescheduling of Select Pharmaceuticals Made with Cannabidiol (CBD)
Isodiol International Inc. (CSE:ISOL) (OTC:ISOLF) (FSE:LB6A.F) (the “Company” or “Isodiol”) applauds the Drug Enforcement Administration’s (DEA) decision in the long-anticipated rescheduling of CBD following the Federal Drug Administration’s (FDA) approval of GW Pharmaceutical’s FPP, Epidiolex, for the treatment of seizures associated with two forms of epilepsy.1
The DEA announced2 today that the FDA-approved drug Epidiolex will be rescheduled in Schedule V from Schedule I,
“Epidiolex contains cannabidiol (CBD), a chemical constituent of the cannabis plant (commonly referred to as marijuana). The CBD in Epidiolex is extracted from the cannabis plant and is the first FDA-approved drug to contain a purified extract from the plant.”
This is incredibly significant as the DEA has recognized that CBD is amongst those Substances that have a low potential for abuse and health benefits, as compared to Schedule I substances, which have no currently accepted medical use in the United States, a lack of accepted safety for use, and a high potential for abuse. By rescheduling CBD to Schedule V, the DEA has recognized the benefits of API-grade CBD and its low potential for abuse.
“We believe this rescheduling of CBD places Isodiol among the best positioned companies in the market, if not in the best position, to take advantage of the increasing demand for high-quality, API-grade CBD,” stated Marcos Agramont, Isodiol International, Inc. CEO. “Isodiol is one of the only companies in the world that can supply CBD that meets the standards of the clinical studies being recognized by the DEA and FDA. We are pleased with the DEA’s latest progress in helping get API-grade CBD into the U.S. pharmaceutical market.”
Isodiol’s subsidiary, BSPG Laboratories Ltd., has received government approval at its Good Manufacturing Practice facility in the United Kingdom from the U.K.’s Medicines and Healthcare Products Regulatory Agency (MHRA), in accordance with The Human Medicines Regulations 2012 (SI 2012/1916), for the manufacturing of its API-grade CBD under certificate number: UK API 48727. This API-grade CBD can be imported into Canada via Licensed Dealers (LDs) and Licensed Producers (LPs) and also into the U.S. via DEA license holders such as research universities and pharmaceutical companies.
“Isodiol believes the DEA’s decision adds substantial value to its API for clinical research and trials for FPPs in the United States,” added Agramont. “Much like GWPH’s product that went through this extensive approval process, Isodiol can supply parties interested in developing Cannabidiol-based FPPs or conducting clinical research studies with the option to utilize Isodiol’s API to forego the substantial time and resources necessary to achieve ingredient approval and develop new FPPs that are in line with the DEA’s and FDA’s objectives.”
Specifically, the agency has stated,
“‘DEA will continue to support sound and scientific research that promotes legitimate therapeutic uses for FDA-approved constituent components of cannabis, consistent with federal law,’ said Acting DEA Administrator Uttam Dhillon. ‘DEA is committed to continuing to work with our federal partners to seek ways to make the process for research more efficient and effective,’”
“‘The FDA is committed to advancing scientific research and drug development programs that properly evaluate the active ingredients contained in marijuana,’ said FDA Commissioner Scott Gottlieb, M.D. . . . ‘The FDA will continue to support rigorous scientific research on the potential medical uses of marijuana-derived products and stand ready to work with product developers who are interested in bringing patients safe and effective, high quality products.’”
Given that the FDA’s approval and DEA’s actions on Epidiolex have raised the visibility of hemp-derived CBD products, it is even more critical that the U.S. Congress passes the 2018 Hemp Farming Act to permanently establish hemp and hemp-derived products as agricultural commodities in the United States. Isodiol encourages supporters of hemp and hemp-derived CBD to use the U.S. Hemp Roundtable’s web portal to contact their Congressmen today and urge them to support the passage of the Hemp Farming Act. CLICK HERE to send a letter to your U.S. Senators.3
For more information on Isodiol, please visit www.isodiol.com
About Isodiol International Inc.
Isodiol International Inc. is focused on the nutritional health benefits that are derived from hemp and is a product development, sales, marketing and distribution company of hemp-based consumer products and solutions.
Isodiol has commercialized a 99%+ pure, naturally isolated CBD, including micro-encapsulations, and nano-technology for quality consumable and topical skin care products. Most recently, the Company received approval for its CBD designated as an Active Pharmaceutical Ingredient for use in Finished Pharmaceutical Products, as was announced on April 26, 2018.
Isodiol’s growth strategy includes the development of over-the-counter and pharmaceutical drugs and continued international expansion into Latin America, Asia, and Europe.
ON BEHALF OF THE BOARD
Marcos Agramont, CEO & Director
Forward-Looking Information: This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business, products and future the Company’s business, its product offerings and plans for sales and marketing. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company’s products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend, to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved or disapproved the content of this press release.
CanBud Distribution Corporation Closes 2M Second and Final Tranche of its Oversubscribed Private Placement Offering
CanBud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“CanBud” or the “Corporation”) is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement for aggregate gross proceeds of approximately $4,730,000 (the “Offering”).
The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.
Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. (“FCC”), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands
In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
Mergers and acquisitions (M&A) in cannabis space have helped boost the industry to new levels.
Strategic sale of non-core assets by Lobe adds non-dilutive capital and shareholder value
Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce, further to its press release dated February 23, 2021, that it has completed the sale to Ionic Brands Corp. (“Ionic Brands”) of Lobe’s non-core cannabis assets relating to Washington-based Cowlitz County Cannabis Cultivation Inc. (“Cowlitz”) held by Lobe’s subsidiary vendor, Green Star Biosciences Inc. (the “Transaction”).
Seattle Area Grocery Chain Metropolitan Market to Begin Carrying KOIOS and Fit Soda on March 22, 2021
Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.
Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that beginning on Monday, March 22, 2021, Koios’ entire line of canned beverage products will be sold at all locations of Metropolitan Market, an urban format supermarket chain in the Seattle-Tacoma area of Washington State. In Q1 2021, the Company announced multiple placements of its beverage products with regional grocers in markets on the west coast of the United States including Market of Choice in Oregon Jensen’s in Southern California and major natural grocery chain Sprouts Farmers Market which has a substantial west coast presence with over one third of its locations (360+ stores across 23 states) in California as well as Washington State 1 . The Company has also recently announced other developments relating to its expansion efforts being undertaken in 2021 such as an in-house beverage canning facility and distribution agreements with regional and national wholesale partners.