Business
Isodiol International Inc. Announces a Research & Development Partnership with Record Street Brewing Co. for Hemp-Based Beers and Functional Beverages
Isodiol International Inc. Announces a Research & Development Partnership with Record Street Brewing Co. for Hemp-Based Beers and Functional Beverages.
About this update from Isodiol International Inc
[{"type":"text","content":"\nWith the beverage industry in a period of disruption, Isodiol is expanding its opportunities to research and develop diverse alternative beverages that utilize its proprietary CBD ingredients.\n VANCOUVER, British Columbia, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Isodiol International Inc. (CSE: ISOL) (OTCQB: ISOLF) (FSE: LB6B.F) (the “Company” or “Isodiol”) announced today that it has entered into an agreement on November 12, 2018 with Record Street Brewing Co. (“Record Street”), a music culture and lifestyle branded craft-beer company based in Reno, Nevada, for the research and development of hemp-based beers and functional beverages.   On August 20, 2018, the Company announced its hiring of a lead brewer and the acquisition of a pilot brewing plant, including a 7-bbl brewhouse, four 15-bbl fermentation tanks, a 30-bbl fermentation tank, a 15-bbl brite tank, and a 30-bbl brite tank.  In addition, the Company acquired a 12-ounce bottling line and a 22-ounce bottling line. This partnership with Record Street will give that equipment and Isodiol’s internal R&D operations a strategic home in a state that has legalized both adult and medicinal cannabis use and embraces the sale of both hemp-derived and cannabis-derived CBD products.  While federal and state regulatory restrictions generally prohibit cannabis activities by licensed breweries, there are significant opportunities to develop both alcoholic and non-alcoholic beverages in which Isodiol’s hemp-derived ingredients can be utilized.  This relationship also will integrate seamlessly with Record Street’s pre-existing contract brewing relationship with Brew Hub LLC (“Brew Hub”) and the exclusive hemp-derived and cannabis-derived beverages production deal announced yesterday between Brew Hub and Isodiol’s wholly owned subsidiary IsoBev International Inc.  “We are very excited about the ability to have research and development space for both brewed and carbonated beverages and to utilize Record Street’s brewing and market testing knowledge in Nevada and California,” said Marcos Agramont, CEO of Isodiol.  “This opportunity will allow us to further innovate products utilizing Isodiol’s proprietary CBD ingredients that can be transitioned into comm...