Business
Abattis Completes Acquisition to Become a Full Suite Cannabis Company -- CFN Media
Abattis Completes Acquisition to Become a Full Suite Cannabis Company -- CFN Media.
About this update from Abattis Bioceuticals Corp
[{"type":"text","content":"\n\n SEATTLE, March 12, 2018 (GLOBE NEWSWIRE) -- CFN Media Group (\"CannabisFN\"), the leading creative agency and media network dedicated to legal cannabis, announces publication of an article discussing Abattis Bioceuticals Corp. (CSE:ATT) (CNSX:ATT) (ATT.CN) (OTCQB:ATTBF) and it full suite cannabis services strategy. Abattis recognizes the complexity of the legal cannabis market and, through a series of partnerships and acquisitions, has developed a very comprehensive set of services and product offerings to address many of the industry’s verticals. The company’s recent acquisition of a 90% interest in a Licensed Producer (LP) applicant in many ways completes the suite of products and services offerings for Abattis. If approved, having an LP under its roof frees the company to not only be a leading full service downstream service provider but also directly sell cannabis products to customers.\n In the legal cannabis industry there are several verticals that are currently valuable and that will only grow more valuable as the industry matures both domestically and globally. The most obvious, and to this point the most lucrative, is the cultivation and sale of the cannabis flower itself. That is really only the beginning, however, in a market that is highly regulated and segmented. Those flowers can be made into other derivative products like medicines, nutraceuticals, and personal care products. The flower itself may need to be tested for safety and content. Delivery of the active ingredients can be maximized with novel formulations and effective delivery mechanisms. Exacting regulations require constant attention and oversight to ensure compliance. The list goes on. Abattis addresses all of these market niches. Licensed Producer as Enabler Historically, Abattis consisted of a Licensed Dealer/laboratory business (Northern Vine Labs) and a nutraceutical product development and distribution business (Vergence Naturals). The company early on recognized the potential for cannabinoid-based products that could be legally researched and developed through its lab and sold through its distribution channels. The fly in the ointment, so to speak, was the lack of a consistent supply of raw cannabis material to fuel the R&D on a large scale. Bringing an LP in-house would solve that problem immediately whi...