Medical Cannabis Technology Company Signs Deals in Canada and U.S.
Ryan Allway
November 1st, 2017
News
In a deal expected to disrupt the Canadian market, Resolve Digital Health Inc. (“Resolve”), a Canadian developer of intelligent medical cannabis delivery devices, has concluded an exclusive agreement with Aphria Inc. (“Aphria”), one of Canada’s largest licensed producers of medical cannabis.
Under the agreement, Aphria will provide cannabis products to fill Resolve’s proprietary delivery pods and cartridges for sale to the Canadian medical cannabis market.
Rob Adelson, CEO of Resolve said: “This agreement allows Resolve to take a significant step towards launching the first of our Breeze Smart InhalersTM domestically. Both organizations have impressive growth trajectories, and combining Resolve’s innovative technology with Aphria’s high-quality medical cannabis will allow us to disrupt the Canadian market.”
Breeze Smart Inhalers use machine-learning algorithms to provide patients with the dosing and strain selection most appropriate to their medical condition. The device captures data on medical conditions, prescriptions, family history, lifestyle, and effectiveness per dose, and uses that data to monitor treatment efficacy and continuously improve the medical cannabis experience for patients.
Vic Neufeld, CEO of Aphria and Chairman of the Board for Liberty Health Sciences Inc. (“Liberty”), said: “Aphria is delighted to partner with Resolve in Canada. This agreement is consistent with both companies’ commitment to leading in the space, and to bringing safe and effective cannabis products as part of a holistic medical cannabis ecosystem for Canadian patients.”
In the US, medical cannabis sales are projected to grow from $4.7 billion in 2016 to $13.3 billion in 2020.1 In Canada alone, the patient population using medical cannabis for various indications is growing at a pace of more than 10,000 new patients per month, and reached 201,398 in June 2017,2 a 268 per cent increase from the 75,166 registered at the end of June 2016.2
Across a growing number of jurisdictions, medical cannabis is being prescribed to help relieve chemotherapy-induced nausea and vomiting, as well as pain associated with cancer, and the management of chronic pain, arthritis and joint disorders, multiple sclerosis (MS), fibromyalgia and migraines.
Partnership with Liberty Health Sciences Inc. in Florida
Resolve’s deal with Aphria adds to a major partnership, announced on October 11th, with Liberty, an investor and operator in the medical cannabis market. Another important step in enhancing the medical cannabis patient experience, Liberty gains exclusive distribution rights to Resolve products within the state of Florida (subject to Florida Department of Health and Office of Medical Marijuana Use approvals). Adelson added: “These partnerships clearly signify our ambition to become a leader in the medical cannabis space throughout North America, leaving us in a great position for sustained growth.”
About Resolve Digital Health
Resolve Digital Health is positioned to be the leading provider of a metered dosing ecosystem for medical cannabis devices. The company’s proprietary technology, apps and cloud-based health information platform, found in Resolve’s debut product Breeze, address the numerous issues with currently available methods of cannabis delivery – establishing a standard of care and rigorous medical approach for the medical cannabis industry. With over three years of research and development, the complete product ecosystem will be initially available in select dispensaries in early 2018. For more information, visit: www.mybreeze.co or www.resolvedigitalhealth.com.
About Aphria
Aphria Inc., one of Canada’s lowest cost producers, produces, supplies and sells medical cannabis. Located in Leamington, Ontario, the greenhouse capital of Canada. Aphria is truly powered by sunlight, allowing for the most natural growing conditions available. We are committed to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and returns to shareholders. www.aphria.com
About Liberty Health Sciences Inc.
Liberty Health Sciences Inc. (“Liberty”) is an investor and operator in the medical cannabis market, capitalizing on new and existing opportunities in U.S. states where medical cannabis is legal. Liberty’s stringent investment criteria for expansion maximizes returns to shareholders, while focusing on significant near and mid-term opportunities. Liberty has an extensive background in highly regulated industries, with expertise in becoming a low-cost producer. Liberty leverages commercial greenhouse knowledge to deliver high-quality, clean and safe pharmaceutical grade cannabis to patients. www.libertyhealthsciences.com
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.
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