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Isodiol International Inc. Announces Letter of Intent to Supply 99.5%+ Cannabidiol Isolate to Sundial
Isodiol International Inc. Announces Letter of Intent to Supply 99.5%+ Cannabidiol Isolate to Sundial.
About this update from Isodiol International Inc
[{"type":"text","content":"\nVANCOUVER, British Columbia, May 24, 2018 (GLOBE NEWSWIRE) -- Isodiol International Inc. (CSE: ISOL) (OTC: ISOLF) (FSE: LB6A.F) (the “Company” or “Isodiol”), a global CBD innovator specializing in the development of pharmaceutical and health and wellness products and now supporting the pharmaceutical industry at large with its recently approved CBD as an Active Pharmaceutical Ingredient, is pleased to announce that it has signed a Letter of Intent (“LOI”) with Sundial Growers Inc. (“Sundial ”), a privately held Alberta-based Health Canada ACMPR-approved licensed producer of medical cannabis, to import CBD isolate into Canada, subject to applicable regulatory approvals.\n Sundial currently operates a 31,000 square foot production facility in Rocky View, Alberta, and has two separate production facilities in various stages of completion and licensing. Sundial combines tried and true heartland farming practices with innovative horticultural techniques to grow a select range of cannabis strains. By 2020, it expects to be one of the leading cannabis companies in the country with a projected production of over 100 million grams of dry cannabis and the ability to process over 32 million grams of cannabis extracts. Marcos Agramont, CEO of Isodiol, stated: “Isodiol continues to position itself as a go-to partner in the global supply for the highest quality, pharmaceutical grade CBD isolate. We are pleased to begin this new relationship with Sundial and assist them in producing products that customers can trust.” “We continue to see a strong demand in Canada for CBD products and we are pleased to add another key supply agreement with a leading pharmaceutical grade consumer product manufacturer,” said Sundial CEO, Torsten Kuenzlen. “We will look forward to formulating additional products with both pharmaceutical and nutraceutical grade CBD isolate provided by Isodiol.” Under the terms of the agreement, CBD will be imported into Canada through a Health Canada approved Licensed Dealer.  All imported products will be tested by Sundial in accordance with Canadian standards. Sundial and Isodiol intend to execute a Definitive Supply Agreement which will be subject to required regulatory approvals, including those from applicable exchang...