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The Greater Cannabis Company Announces Distribution Agreement With Leading Global Cannabis Company iCAN: Israel Cannabis Ltd
The Greater Cannabis Company Announces Distribution Agreement With Leading Global Cannabis Company iCAN: Israel Cannabis Ltd.
About this update from Greater Cannabis Co Inc.
[{"type":"text","content":"\n\n\n\nThe Greater Cannabis Company Announces Distribution Agreement With Leading Global Cannabis Company iCAN: Israel Cannabis Ltd\n\n\n\n\n\nThe Greater Cannabis Company Announces Distribution Agreement With Leading Global Cannabis Company iCAN: Israel Cannabis Ltd\nExpanded Distribution to Accelerate Commercialization of Eluting Patch Platform into the Global Marketplace\nPR Newswire\nBALTIMORE, January 7, 2019\n\n\n\nBALTIMORE, January 7, 2019 /PRNewswire/ --\n\nThe Greater Cannabis Company, Inc. (OTC: GCAN) (\"the Company\"), a biopharmaceutical company focused on development and commercialization of innovative delivery systems for the Cannabis market is pleased to announce that it has entered into a letter of intent with iCAN Cannabis to expand distribution of its eluting patch platform into key global markets. The eluting patch platform is an innovative delivery system, which uses a patented mucoadhesive and multilayered orally dissolving thin film to deliver a precise dose of cannabinoids into the body through the buccal mucosa. Clinical studies funded in part by the National Institutes of Health (NIH) have shown the delivery system's capability in achieving higher bioavailability and desired results in the body using lower, and controlled, dosing when compared to other routes of administration.\n\nThe agreement with iCAN will include commercial ready formulations to meet medical and recreational market demands. Distribution and marketing rights for iCAN will include Israel, Australia, South Africa, Netherlands, South Africa, Mexico, Colombia, Panama, Germany, Austria, Switzerland, Malta, Macedonia, and Portuguese territories.\n\niCAN is a global company focused on the cannabis ecosystem. iCAN operates a global platform for distribution of cannabis products through its iCAN Serve unit with an expansive footprint. iCAN also holds a portfolio of companies including CannRx, an extraction and formulation business and CMTREX, a commodities trading platform for the cannabis industry, CannaTech, the leading producers of global cannabis conferences focused on research, science, and innovation, and endoCRO, a contract research organization spearheading therapeutic focused studies.\n\nIndustry leader and CEO of iCAN, Saul Kaye, said of the transaction, \"I am very excited about the prospect of offering GCAN's products through our...