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Isodiol International Inc. Provides Update on Biosynthesis Pharma Group Acquistion
Isodiol International Inc. Provides Update on Biosynthesis Pharma Group Acquistion.
About this update from Isodiol International Inc
[{"type":"text","content":"\n\n VANCOUVER, British Columbia, March 12, 2018 (GLOBE NEWSWIRE) -- Isodiol International Inc. (CSE:ISOL) (OTC:ISOLF) (FSE:LB6A.F) (the “Company” or “Isodiol”), a global Bioactive CBD innovator specializing in the development of pharmaceutical and wellness products, is pleased to announce that the Company has successfully performed all of the due diligence set out in the binding agreement to acquire the Biosynthesis Pharma Group (BSPG).  With this process now complete, the Company anticipates the closing of the acquisition to occur within the next couple of weeks.\n Through BSPG’s proprietary industrial scale extraction methodologies, the company produces a high-purity, bioactive CBD isolate at a purity level of 99.5%+ for use in pharmaceutical applications globally to benefit humans and animals suffering from a range of both critical and non-life-threatening illnesses.  BSPG currently has the capability of processing over 1.5 metric tons of hemp biomass daily to extract CBD, terpenes and other cannabinoids, specifically CBG. “Isodiol management and legal teams have done a tremendous job vetting and validating all operating and financial information of the BSPG companies”, stated Marcos Agramont, CEO of Isodiol International Inc.  “With this acquisition closing imminently, we will control manufacturing of the world’s purest, most bioactive CBD isolate, and will control a true pharmaceutical grade CBD product that is backed by clinical data from world renowned institutions. The BSPG team has done an incredible job establishing its global operations and with this merger, we are now positioned to change the conversation around the world on CBD and other cannabinoids.” As the acquisition closes, the Company will begin publishing the various findings from clinicals completed using the BSPG CBD isolate.  Publishing this data will coincide with implementing commercialization strategies for the various markets this clinical data can be represented.  Teams are currently being assembled in these countries with practitioner education seminars and establishing logistics being the focus. “The education process needs to start at the government regulator and practitioner levels and Isodiol is committed to this process through various initiatives...