Wildflower Enters LOI to Provide CBD Oil to Washington State
Wildflower Marijuana Inc. (CSE:SUN) announced that it’s entered a letter of intent (LOI) to market, wholesale and distribute what it describes as “most advanced cannabidiol vaporizer product on the market for the State of Washington.”
The company will make an initial $100,000 payment for exclusivity, $50,000 worth of inventory and “a 1.5% override on any online sales or national accounts sold into Washington State.”
As quoted in the press release:
The product is a disposable unit filled with e-liquids blended in a pharmaceutical environment under Good Management Practices and ISO certifications. The phytocannabiniod-rich Hempstalk oil, which contains the Cannabidiol (“CBD”) in the device is non-psychoactive and provides a wide-range of benefits, allowing relaxation and added benefits without the ‘high’.
The e-liquid contains no propylene glycol or polyethylene glycol, which are used in the majority of CBD infused e-liquids on the market, and instead uses only United States Pharmacopeia grade organic vegetable glycerin and other organic, all natural ingredients. The CBD oils are produced from industrial hemp grown according to the European Union’s eco-farming certification, a standard equally as stringent as the USDA Organic Standards, and are tested at each production batch to ensure they are free of pesticides, heavy metals, and other toxins. A proprietary extraction process delivers the highest quality extracts that are free of wax or solids and a high concentration of CBDs, ensuring the most effective and efficient delivery of benefits.
William MacLean, president and CEO of Wildflower, commented:
I’m proud to announce the first of our line of CBD products to launch in Washington State. CBD demand has been increasing in every market and so have the different products available to meet these demands. With over 6,000 possible retailers initially targeted, Wildflower will have an inherent advantage over competitors who can only market to cannabis retail outlets.