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Cannabis Global Inc and Sugarmade's BudCars Cannabis Delivery Service Enter a Product License Agreement in Cannabis Edibles Technology
Cannabis Global Inc and Sugarmade's BudCars Cannabis Delivery Service Enter a Product License Agreement in Cannabis Edibles Technology.
About this update from Sugarmade, Inc.
[{"type":"text","content":"\n\n\n\nCannabis Global Inc and Sugarmade's BudCars Cannabis Delivery Service Enter a Product License Agreement in Cannabis Edibles Technology\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCannabis Global Inc and Sugarmade's BudCars Cannabis Delivery Service Enter a Product License Agreement in Cannabis Edibles Technology\nPR Newswire\nLOS ANGELES, April 22, 2020\n\n\n\nLOS ANGELES, April 22, 2020 /PRNewswire/ -- Cannabis Global, Inc. (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announces the licensing of several patent-pending technologies to Sacramento-based BudCars Cannabis Delivery Services, in conjunction with Sugarmade, Inc. (OTCQB: SGMD), for use in cannabis edibles for the regulated California marketplace.  Under the terms of the licensing agreement, Cannabis Global Inc will license its unique cannabinoid infusion technologies, which will be utilized by Budcars for the production of super-premium, highly bioavailable cannabis edibles.\n\"We have developed and have pending patents on several technologies that not only make the production of cannabis edibles less expensive but also improve product quality.  While we are rolling out our own hemp-oriented product lines utilizing these technologies, we are now able to leverage these developments via licensing arrangements to manufactures within the regulated cannabis markets,\" commented Cannabis Global Inc (MCTC) CEO Arman Tabatabaei.  We are looking forward to our working relationship with BudCars and Sugarmade.  \nUnder the terms of the licensing agreement, Cannabis Global will supply technology and licensing rights to BudCars, which will be responsible for the manufacturing and distribution of cannabis edible products to its delivery customer base.  Additionally, BudCars is being granted rights to manufacture and distribute products, based on the technologies, within the state of California, under BudCars' existing cannabis licenses.\nJimmy Chan, CEO of Sugarmade commented, \"This agreement is important for a num...