Business
Abattis Announces LOI for Partnership with Alliance of Beverage Licensees
Abattis Announces LOI for Partnership with Alliance of Beverage Licensees.
About this update from Abattis Bioceuticals Corp
[{"type":"text","content":"\n\n VANCOUVER, British Columbia, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Abattis Bioceuticals Corp. (the \"Company\" or \"Abattis\") (CSE:ATT) (OTC:ATTBF) is pleased to announce it has signed a letter of intent (“LOI”) with the Alliance of Beverage Licensees (“ABLE BC”) to establish an exclusive complementary partnership in ABLE BC’s member stores.\n British Columbia’s Alliance of Beverage Licensees (ABLE BC), is an advocacy organization representing BC’s private liquor industry, including private liquor stores, neighbor pub, and hotel liquor licensees. The LOI outlines an exclusive agreement between Abattis and ABLE BC to offer expert technical advice regarding the commercialization of cannabis products sold in ABLE BC member stores and locations. “We are very pleased with this strategic partnership,” said Rob Abenante, President and CEO of Abattis. “This partnership brings significant mutual potential for Abattis and ABLE BC given our role in Cannabis testing and ABLE BC’s potential role in Cannabis distribution.\" Both parties have acknowledged that the Federal Government of Canada has introduced legislation to lift the prohibition on adult-use of recreational cannabis, and that each provincial government bears responsibility for deciding how recreational cannabis is retailed and distributed within its borders. \"We foresee this partnership in the cannabis industry a key part of our future. We feel that testing services provided by Abattis will give us the peace of mind that consumers require regarding dosage quality and safety,” said Jeff Guignard, Executive Director of ABLE BC. As part of the agreement, Abattis will assist in ensuring quality control, and providing expert technical advice on cannabis products sold therein. The partnership will include expertise on testing and inspection issues such as: potency and cannabinoid profile;microbiological screening;pesticide and heavy metal testing;terpene analysis; andresidual solvent testing. Abattis also has agreed to work with ABLE BC and its member stores to offer expert technical advice about product quality, to provide educational resources as needed, and to offer ABLE BC access to qualified sales, marketing, scientific, and technical personnel as needed for ABLE BC conferences, meetings, and events. A...