A new agreement with True North Cannabis will supply Tetra Bio-Pharma with high-quality, competitively priced CBD.
True North CEO Shayne Hamilton said the deal leverages the size and scale of the industrial hemp crop in Canada. The new agreement gives the company a “unique opportunity to market (its) product,” he said.
“True North Cannabis has built a state-of-the-art facility in Alberta, which will provide the highest quality CBD for Tetra, at a competitive price, to develop innovative products in partnership with Genacol,” Dr. Chamberland said, referring to recent agreement with Genacol Canada.
Tetra will use its formulation and regulatory expertise, plus clinical-trial data from its topical cannabinoid and cannabis-oil capsules, to create innovative products for Genacol.
Tetra’s oral capsule and a topical cream gets the company into the $2.5-billion market for joint-pain-and inflammation products.
“Price to consumers is a critical aspect for the viability of a commercial product in the self-care health market,” said Tetra’s interim CEO and chief scientific officer Dr. Guy Chamberland.
Proprietary collagen ingredient
Genacol’s success is based on its collagen ingredient, manufactured using a proprietary process called AminoLock® Sequential Technology.
The Genacol agreement will command a great deal of exposure for Tetra’s products, said Dr. Chamberland.
The products “will generate several millions of dollars in sales for Genacol in Canada, he said.”
The Genacol trademark is registered in 81 countries, and the company’s sales network is active in over 40 countries.
The companies plan to launch the products in 2019, when they will be marketed throughout Genacol’s network in Canada.
Tetra has several subsidiaries engaged in the development of an advanced and growing pipeline of Bio Pharmaceuticals, Natural Health and Veterinary Products containing cannabis and other medicinal plant-based elements.
The company provides rigorous scientific validation and safety data for inclusion into the existing bio pharma industry by regulators, physicians and insurance companies.
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