RogerBaylis-Duffield, Chairman and Chief Executive Officer ofPlandaBiotechnology, commented, "I want to congratulate the management teams of both DiegoPellicerandPlandafor working diligently to move from a letter of intent to an executed license agreement in such a short time. DiegoPellicerhas been the leading name in cannabis products for over a hundred years and represents everything thatPlandastands for from a product standpoint; namely, an exhaustive dedication to quality. As we move forward towards having a market-ready product by the end of the year, we can commence building our branding and distribution channels."
Plandawill produce the new DiegoPellicerGold extracts in both capsules and cannabis oil (for vapor use) inPheroidand non-Pheroidversions to appeal to the broadest range of medicinal consumers.
Under the terms of the executed license agreement,Plandacan use the DiegoPellicerbrand name for business-to-business sales and marketing in both domestic and international markets. Plandaanticipates that the DiegoPellicerGold extracts will be sold to various medical cannabis dispensaries in areas where such business is legal.
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