Nextleaf Solutions Ltd (CSE:OILS) (OTCQB:OILFF) (FRA:L0MA) announced Thursday the initial order of its Rapid Emulsion Technology by OILS THC and CBD to cannabis-infused beverage manufacturer BevCanna Enterprises Inc (CSE:BEV) (QTCQB:BVNNF) (FRA:7BC).
With this initial order, Nextleaf said its Rapid concentrate becomes one of BevCanna's preferred ingredients, available for use in both their brands and their partner brands. Rapid is Nextleaf's patent-pending delivery technology.
BevCanna develops and manufactures a range of cannabis-infused beverages for both in-house brands and white-label clients, and is the exclusive Canadian licensee for the award-winning, No.1 selling brand in the US -- Keef Brands.
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Additionally, via its wholly-owned subsidiary Naturo Group's TRACE plant-based mineral beverages and supplements, BevCanna has a sales and distribution network of over 3,000 points of retail and online across Canada.
Nextleaf said it anticipates that in addition to BevCanna's licensed points of distribution, BevCanna will eventually distribute cannabinoid beverages through their existing traditional retail channels should Health Canada regulate the sale of CBD products under the new proposed Cannabis Health Product category.
"Nextleaf and BevCanna have a long-standing relationship, and our inaugural order of Rapid reflects nearly two years of working together," said Nextleaf CEO Paul Pedersen in a statement. "With a predictable onset and offset time, Rapid Emulsion Technology by OILS provides a significant differentiator for BevCanna to develop a wide range of infused beverages."
Made with Nextleaf's high purity cannabis distillate, the company said that Rapid's unique structure and composition allows the final ingredient to achieve optical transparency with neutral characteristics ideal for formulating. Ten years of prior R&D has resulted in a patent-pending emulsion technology adapted to cannabinoids to deliver rapid onset of THC and CBD.
Nextleaf also said Rapid extends its capabilities along the value-added product spectrum. Complementing the company's demonstrated excellence in producing high-purity distillate, Rapid solves an industry need for cannabis-infused products with predictable and reliable outcomes.
BevCanna owns and operates one of the highest-capacity cannabis beverage manufacturing facilities in Canada, located near Osoyoos, British Colombia, which was granted a Standard Processing Licence by Health Canada on February 12, 2021.
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