Cannabics Reports Solid Growth Throughout Colorado
August 17th, 2015
News, Top News
Cannabics Pharamceuticals Inc. [stockquote symbol=CNBX], a developer of cannabinoid-based treatments and therapies that provide pain relief and treat human malignancies, recently announced that its WanaCaps cannabis capsules are now for sale in every region of Colorado where cannabis has been legalized and early signs of sales are pointing to a successful rollout that could generate long-term shareholder value.
“The reports from Colorado on increasing sales and returning satisfied customers is an indication to expand into key medical marijuana markets, including New York, Illinois, Washington, Oregon, California and Nevada, through licensing agreements with Wana Brands,” said Itamar Borochov, CEO of Cannabics Pharmaceuticals Inc.
Many states have legalized medical marijuana, but have limited smoking and edibles as inappropriate for patients, creating an opportunity for products like WanaCaps that provide a capsule-based delivery mechanism. WanaCaps extended release cannabis capsules offer a proprietary formulation that provides medical marijuana benefits to patients for up to 12 hours, without the stigma associated with smoking or undesirable edibles.
Medical marijuana has been legalized in 23 states, with 15 of those states limiting the drug to low-THC varieties. WanaCaps has various THC and CBD ratios designed to meet regulatory requirements. For instance, its 10:1 CBD to THC ratio capsule is the ideal solution for states that have only approved low THC and high CBD products.
Shares of Cannabics Pharmaceuticals are trading even since the announcement was originally made.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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