Cannabis Therapy CEO Discusses the Industry on Fox Business News
Ryan Allway
May 20th, 2014
News, Top Story
Cannabis Therapy Corp. (OTC: CTCO), a development-stage company focused on manufacturing and marketing pharmaceutical grade phytocannabinoids for the treatment of various disease and conditions, was recently featured on Fox Business News’ Opening Bell with Maria Bartiromo. In the interview, President & CEO Soren Mogelsvang discussed the medical cannabis industry and regulatory changes.
Watch the full interview on Fox Business News:
http://www.foxbusiness.com/on-air/opening-bell/index.html#/v/3575611909001
Many industry experts believe the legal cannabis industry will reach $10 billion in size by 2018 with more than 20 U.S. states having already legalized the drug. Started by biotech industry entrepreneurs, Cannabis Therapy Corp. is targeting a unique niche within the market for developing non-psychoactive compounds that are heavy in the medically proven cannabinoid (“CBD”) substances.
Unlike many biotech firms, the company believes it could have a drug on the shelves within 18 to 24 months, since nutraceuticals do not require FDA approval. At the same time, its CBD-based compounds would differ from nutraceuticals produced by companies like GNC Holdings Inc. (NYSE: GNC) or Vitamin Shoppe Inc. (NYSE: VSI), since a growing body of medical evidence backs CBDs.
The company is a relatively new entrant into the medical cannabis space, having transitioned its business in March 2014. With an experienced management team consisting of executives from the pharmaceutical and biotechnology industries, the firm is well positioned to capitalize on the industry’s growth by becoming a leader in the manufacturing and marketing of phytocannabinoid products.
In April, the company also announced the appointment of Dr. Cohava Gelber to its Board of Directors. With a PhD and MBA, Ms. Gelber has over 25 years of experience in the discovery and development of immune therapeutics and diagnostis for cancer, autoimmune diseases, allergies, and infectious diseases. Her scientific input and extraordinary vision should provide a valuable asset to the company over time.
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.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
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