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Grapefruit USA, Inc. Announces Formal Execution of its License Agreement with Zylö Therapeutics Inc. Granting Grapefruit an Exclusive License for use of Zylö’s Patented Z-Pod™ Delivery System which drives Grapefruit’s Disruptive Hourglass™ Time
Grapefruit USA, Inc. Announces Formal Execution of its License Agreement with Zylö Therapeutics Inc. Granting Grapefruit an Exclusive License for use of Zylö’s Patented Z-Pod™ Delivery System which drives Grapefruit’s Disruptive Hourglass™ Time.
About this update from Grapefruit Usa Inc.
[{"type":"text","content":"Powered by Zylö's patented time-release Z-Pod™ delivery system, Grapefruit's Hourglass™ THC + Cannabinoid Full Spectrum Topical Cream is the world's first and only known meaningfully effective THC+Cannabinoid-loaded transdermal cream that penetrates the five layers of human skin breaking through the dermal pathway to penetrate the human blood-brain barrier thereby successfully delivering beneficial cannabinoids throughout the human bloodstream and body in a predictable, steady dose over a targeted time period.The license agreement grants Grapefruit exclusive rights to Zylö's patented Z-Pod™ technology in the United States, Canada, and Mexico.The unique architecture of Grapefruit's Hourglass™ time-release delivery cream provides Grapefruit with the ability to formulate literally endless variations of its Hourglass™ product concept for both medical and recreational users.Grapefruit is planning its first regional retail launch of Hourglass™ on a limited basis in the United States before Q4 2020.LOS ANGELES and DESERT HOT SPRINGS, CA / ACCESSWIRE / July 27, 2020 / Grapefruit USA, Inc. (OTCQB:GPFT) ("Grapefruit" or the "Company"), a fully licensed California-based cannabis company, announced today that it has entered into an Exclusive License and Supply Agreement with Zylö Therapeutics Inc. of Greenville, S.C. Execution of this agreement marks successful completion of the year-long development of Grapefruit's disruptive, patented time-release THC + Cannabinoid full spectrum infused topical delivery cream named "Hourglass by Grapefruit™", the world's first and only known transdermal delivery system capable of delivering cannabinoids into the bloodstream in a predictable steady dose over time. The exclusive license agreement cements the Company's relationship with Zylö and provides Grapefruit with the IP platform to build novel and disruptive topical THC/cannabinoid medicinal and recreational cannabis products for every legalized state. In addition, the agreement grants the Company the territories of Canada and Mexico, significantly expanding the Company's potential market. Canada has a well-established legalized cannabis marketplace, and Mexico is anticipated to legalize cannabis in the near future.With respe...