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Cannabis Stock Report: Axim’s Night In Bangkok

By Brandon A. Dorfman
Feb 07, 2018

Touring the Grand Palace is Axim Biotechnologies, Inc. (OTC:AXIM) who announced on Tuesday an agreement to distribute CanChew+, a cannabinoid-based nutraceutical chewing gum throughout Thailand. The company signed a one-year non-exclusive agreement giving trademark and likeness rights to a distributor in the country while keeping sole ownership of the product. According to a statement, the deal calls for predefined financial obligations to be met by the distributor.

A busy year for Axim, in late January the company proclaimed their meeting with the Dutch Medicines Evaluation Board a success having discussed its MedChew Rx clinical development program. Through the program, Axim throws their efforts behind treating Multiple Sclerosis patients suffering from pain and spasticity. Meanwhile, as Thailand becomes more open to cannabinoid-based products, Axim hopes to gain widespread acceptance of their cannabinoid-based pharmaceutical treatments across the country.

“We are happy to see the attention of a worldwide audience on our nutraceutical product line,” said CEO of AXIM Biotech George E. Anastassov. “This distribution agreement marks a significant milestone in AXIM’s international expansion and reach. Thailand is an important market for us and will represent our first major step toward establishing a brand presence in Asia.”

Red, Green, MedReleaf

I always go for the underdog or the rogue or the rebel… Tasting the rainbow is MedReleaf Corp. (TSX:LEAF) who announced on Tuesday Health Canada’s approved for sale the company’s cannabis oil softgel capsules. According to a statement, with the approval, MedReleaf becomes the first producer of both color-coded and cannabis variety softgels in the Canadian marketplace. Through the use of a color-coding system, MedReleaf patients will be able to identify individual cultivars and oil types for consumption easily.

"Our product development teams continue to set the standard for innovation and quality in our industry with pharmaceutical-grade softgel capsules that faithfully capture both cannabinoid and terpenes profiles of our award-winning varieties,” commented MedReleaf CEO Neil Closner. “The addition of softgel capsules to our product line will enhance our efforts to build physician support for medical cannabis and are more cost-effective to produce, easier to swallow, and have a longer shelf-life than standard oil capsules."

Thinking Outside The Kush

The underdog winning is the romantic position… Boxing up the weed is Kush Bottles Inc. (OTCQB:KSHB) who announced on Tuesday a partnership with Future Farm Technologies Inc. (CSE:FFT) (OTCQB:FFRMF) which will see the company developing packaging and compliance solutions. As Future Farm continues with their expansion plans throughout the United States, Kush will aid in designing packaging that is compliant with all state-level regulations. Currently, Future Farm is looking at nationwide expansion, with a direct focus on cannabis-friendly states and territories such as California, Massachusetts, Maine, Florida and Puerto Rico.

"We are very excited to work with an innovative company like Future Farm Technologies," remarked Nick Kovacevich, CEO of Kush Bottles. "Our business strategy is to participate in the growth of the emerging legal cannabis sector by partnering with leading players at every stage in the cannabis supply chain – from seed to sale. Our in-depth knowledge of local laws in every U.S. state makes us well-positioned to work with companies such as Future Farms that are looking to grow their business in more than one jurisdiction.

Other News and Notes

The underdog winning is the romantic position… Putting it to rest is Aurora Cannabis Inc. (TSX:ACB) (OTCQB:ACBFF) and pot rival CanniMed Therapeutics Inc. (TSX:CMED) who announced on Tuesday the filing of documents pushing forward the former’s acquisition of the latter. Aurora filed a Notice of Variation while CanniMed filed a Notice of Change to Directors' Circular as per Aurora’s new and improved offer, ending months of hostilities between the two rival companies. CanniMed’s Board unanimously recommends accepting the offer to its shareholders.

We've always had an underdog vibe as a city, but that just makes us try harder… Getting technical is technology startup Obotics, who announced late last month the 2018 Emerald Conference would host the premiere of their CannaDeck robotic lab assistant. The event, which takes place at the Hyatt Mission Bay Spa and Marina in San Diego in mid-February is the premier trade show for cannabis science. A gift to cannabis extraction labs, the CannaDeck assistant, automates just about every step of the sample preparation process.

I've always been an underdog. I feel like I beat the odds… Checking things off is Harvest One Cannabis Inc. (TSXV:HVT) who announced on Tuesday expansion targets for the next two years, The company hopes to hit 20,000kg dried cannabis flower capacity by the end of 2018 and 70,000kg dried flower capacity by the end of 2019. Funding for these targets will come from the company’s current cash reserves, which sit at around $80 million.

Quick Bites

I'll never lose the sense of being an underdog… Tetra Bio-Pharma Inc. (TSX-V:TBP) received a “No Objection” letter from Health Canada for phase three clinical trials for its smokable prescription product…  Isodiol International Inc. (CSE:ISOL) (OTC:ISOLF) received approval for Isodiolex in the treatment of epilepsy from the Brazilian Health Regulatory Agency… The Philadelphia Eagles defeated the New England Patriots in the Superbowl on Sunday, becoming World Champions and ending a fifty-seven-year championship drought for the best football fans on earth from the best city on earth.

Until tomorrow (Go Birds!)...

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