Wildflower Breaks into Disposable Vaporizer Market
Wildflower Marijuana Inc. (CSE:SUN) announced that it’s signed a letter of intent (LOI) to license “the most advanced technology for the delivery of oil based derivatives in the disposable vaporizer industry.”
According to the company, the intent of the licensing agreement is to match the highest-grade cannabis extract with advanced technology in disposable vaporizing.
As quoted in the press release:
Wildflower will have exclusive rights to this technology in Washington State giving the Company a clear advantage over other similar products. Cannabis vaporizing continues to gain momentum with consumers and currently demand in Washington State exceeds supply.
Pursuant to the Letter of Intent, Wildflower will be granted exclusive sales and marketing rights to the vaporization product for distribution in the State of Washington for use with cannabis e-juice. This technology addresses many deficiencies in the disposable vaporizing industry. Almost all current vaporizers are manufactured in China and are heavily dependent on labour for the soldering and assembly of internal components. This heavy dependence on labour and the material of the internal components are the main reasons for the high failure rates and unreliability of vaporizers. In addition, these vaporizers use a chromium wire as heating coils/elements which heat up to 900 °F and can cause the overheating of internal elements including the concentrated oils which could emit harmful by-products.
William MacLean, president and CEO of Wildflower, commented:
This is a major milestone for our Company. Vaporizing is one of many growing trends in the cannabis sector and the lack of a proper delivery system has been a huge issue with consumers. We will continue to develop and invest in products that enhance the consumer experience while addressing these trends. We are moving as quickly as possible to launch this new technology into Washington State. We couldn’t be more pleased to have partnered with a world class company that has addressed these issues. The rollout of this product line will be our perfect market entry point and a first step in Wildflower becoming not only a global brand but a brand that stands for the highest quality and customer experience.