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Sundial Announces Letter of Intent For The Supply Of 99.5%+ CBD Isolate From U.K. Producer Isodiol International
For Immediate Release
MD Rocky View, Alberta, May 24, 2018 – Sundial Growers Inc. (“Sundial”) (the “Company”) has signed a letter of intent for the supply of 99.5% CBD isolate from Isodiol International Inc. (CSE: ISOL) (OTC: ISOLF) (FSE: LB6A.F) (“Isodiol”). The supply agreement gives Sundial access to quality pharmaceutical and nutraceutical grade CBD isolate.
“We continue to see a strong demand in Canada for CBD products and we are pleased to add another key supply agreement with a leading pharmaceutical grade consumer product manufacturer” said Sundial CEO, Torsten Kuenzlen. “We look forward to formulating additional products with both pharmaceutical and nutraceutical grade CBD isolate provided by Isodiol.”
Isodiol is a global innovator that specializes in the development of pharmaceutical and wellness products, which recently announced that its wholly owned subsidiary BSPG Laboratories Ltd. has received government approval for the manufacturing of the active substance cannabidiol (CBD) in the United Kingdom.
“Isodiol continues to position itself as a go-to partner in the global supply for the highest quality, pharmaceutical grade CBD isolate,” said Isodiol CEO, Marcos Agramont. “We are pleased to begin this new relationship with Sundial and to assist them in producing products their customers can trust.”
Under the terms of the agreement, CBD will be imported into Canada through a Health Canada approved Licensed Dealer. All imported products will be tested by Sundial in accordance with Canadian standards. Sundial and Isodiol intend to execute a Definitive Supply Agreement which will be subject to required regulatory approvals, including those from applicable exchanges and government authorities in the United Kingdom and Canada and receipt of all related permits.
About Isodiol International Inc. Isodiol International Inc. is the market leader in pharmaceutical grade phytochemical compounds and the industry leader in the manufacturing and development of consumer products.
Isodiol is the pioneer of many firsts for the cannabis industry including commercialization of 99%+ pure, pharmaceutical grade cannabinoids, micro-encapsulations, and nanotechnology for the highest quality topical skin care products and most recently received approval as having the first CBD designated as an Active Pharmaceutical Ingredient as was announced on April 26, 2018.
Isodiol’s growth strategy includes the development of the over-the-counter and pharmaceutical drugs, expanding its phytoceutical portfolio and will aggressively continue international expansion into Latin America, Asia and Europe.
About Sundial Growers Inc.
Sundial proudly crafts pioneering cannabis brands to Heal, Help and Play TM :
◦ Heal – cannabis products used as prescription medicine
◦ Help – cannabis products that strive to promote overall Health and wellness through CBD
◦ Play – cannabis products to enhance social, spiritual and recreational occasions
We have experience in the fast-moving consumer goods industry enabling us to not just grow the finest quality cannabis, but also create exceptional consumer and customer experiences.
To craft the best and most trusted cannabis, our team of legendary growers focus on quality and consistency. We are a ‘craft-at-scale’ licensed producer using purpose-built modular facilities and award-winning genetics.
We currently operate two locations in Alberta, including our flagship facility in Olds and another one in Rocky View, with plans to build a third facility in British Columbia.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, the potential expansion plans of the Company in Canada, the Company’s ability to provide uninterrupted supply to its customer, and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Sundial Announces Letter of Intent For The Supply Of 99.5%+ CBD Isolate From U.K. Producer Isodiol International For Immediate Release MD Rocky View, Alberta, May 24, 2018 – Sundial Growers