wholly-owned subsidiary of Aleafia
Health Inc (OTCMKTS:ALEAF), will introduce cannabis-infused sublingual
strips and the underlying sublingual strip technology to the adult-use and
medical-use cannabis market in Canada. The company entered a definitive accord
with Kinstate Inc to this effect.
As per terms of the accord, Emblem Cannabis
gets exclusive rights to produce and sell Kin Slips Products. It will also have
the right to use the associated manufacturing technology, proprietary
formulations, and IP of Kinstate to introduce the format in other overseas
markets. The company will manufacture the Kin slips and innovative cannabis
formats in-house at its Ontario processing facility.
Consistent and smoke-free cannabis experience
The wellness and
health-conscious consumers will enjoy consistently, and smoke-free cannabis experience
with Kin Slips sublingual strips. Kinstrips currently offers a variety of
sublingual strips in more than a hundred retail outlets in California. They
have an on-set time of 10 minutes. The consumers can enjoy the new format in
Canada in Q2 2020.
Recognized for product innovation
The Kin Slips
brand is widely accepted for leadership in the product innovation that
comprises Excellence in Technology Award for the infused extractions and
products from The National Cannabis Industry Association, featured in leading
national publications that include Forbes, Bon Appetit, and Rolling Stone. It
is also recognized as the best sublingual/ topical company.
Chief Executive Officer of Aleafia
Health, said Kin Slips product line of Kinstate is already proven in the
largest cannabis market in the world. The company’s approach in leveraging the
formulas, packaging, branding, and manufacturing know-how of the proven
partners expedites its objective to introduce the premium and unique cannabis
health/ wellness brands.
Josh Kirby, Chief Executive Officer of
Kinstate, said the company is pleased that its award-winning Kin Slips are
available to the audience across the world. Kirby further said the commitment
of Aleafia Health to cannabis wellness and health aligns with its objective of
offering the customers with a natural and discrete cannabis experience.
Aleafia Health is now a constituent company of
the S&P/MX International Cannabis Index because it meets the minimum market
capitalization as well as the liquidity threshold.
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Published at Wed, 05 Feb 2020 13:12:00 +0000