Two Israeli businessmen with robust U.K. hyperlinks have joined forces to provide higher-excellent cannabis terpenes to European shoppers.
CiiTech, a top cannabis company, has partnered with Kanabo Analysis to launch terpene formulas for use with the latter’s VapePod, they say in a joint press release.
The partners say the partnership will see CiiTech’s ‘terpene formulas meet the highest requirements essential for the U.K. market’. These have been developed especially for use with the VapePod, Kanabo’s patented device which was the initial to be authorized for healthcare use by the Israeli Ministry of Wellness.
‘Promote Sleep And Increase Mood’
Terpenes are crucial plant oils that provide distinctive flavors and smells and contain the likes of linalool – also present in lavender – and pinene, in conifers. They are also mentioned to confer therapeutic effects, with cannabis terpenes getting utilised to market sleep, fight inflammation and increase mood.
CiiTech was was founded by Clifton Flack, after of iCAN and the investment platform CannaTech.
The London-primarily based enterprise initiates in-home analysis and developed Provocan which was not too long ago chosen as very best in class amongst U.K. CBD brands. He mentioned trust in CBD brands is ‘crucial’ and collaboration with partners such as Kanabo can enable realize that.
He added: “There’s a actual development in customer understanding of the terpenes. “We think our confirmed formulas developed with Kanabo for the VapePod device provide an exceptional level of CBD innovation and efficacy not previously observed in the business.”
Raising Capital in London
Kanabo not too long ago announced plans to list on the London Stock Exchange in what will be an productive reverse takeover with U.K. shell enterprise Spinnaker Possibilities PLC. Kanabo’s CEO Avihu Tamir says the London move will assistance efforts to raise £4 million ($four.eight million) for clinical trials and the launch ‘over-the-counter’ goods in Europe.
In the joint press release he mentioned: “As terpene-primarily based CBD formulas obtain higher recognition, the Kanabo collaboration with CiiTech to make targeted terpene formulas for our patented VapePod device is paving the way forward for non-THC healthcare cannabis goods.”
On its site CiiTech says it chose to base itself in the U.K. as it has an open-minded strategy to the CBD business and can act as gateway into the European markets.