18:50:49 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



Canntab Therapeutics Ltd
Symbol PILL
Shares Issued 24,484,701
Close 2018-06-20 C$ 0.64
Market Cap C$ 15,670,209
Recent Sedar Documents

Canntab launches 420 Therapeutics hemp oil gel capsules

2018-06-20 11:50 ET - News Release

Mr. Jeffrey Renwick reports

CANNTAB ANNOUNCES LAUNCH OF INNOVATIVE HEMP OIL CAPSULES

Canntab Therapeutics Ltd. has received Health Canada approval and launched the first of its 420 Therapeutics brand of cannabis wellness products: hemp oil gel capsules. Made from purified organic hemp seed oil, the hemp oil gel capsules are an easy and convenient way to enjoy the health benefits of hemp oil.

Each hemp oil gel capsule contains 50 milligrams of purified hemp seed oil extracted from cannabis sativa and suspended in high-grade coconut oil. These ingredients have been linked to the following health benefits:

  • Omega-3 fatty acids (alpha linolenic acid) and omega-6 fatty acids (linolenic acid) are anti-oxidants that help protect the body's cells and shield it from the oxidative damage caused by free radicals.
  • Coconut oil contains lauric acid that is proven to be effective at killing bacteria, fungi and certain viruses.
  • Capric acid and medium triglycerides help increase the body's energy expenditure for weight control and also aid in building muscle.

Jeffrey Renwick, chief executive officer of Canntab, stated: "We are excited to announce the launch of hemp oil gel capsules, which are the first in our innovative line of 420 Therapeutics products. We intend to release additional exciting formulations that combine natural, hemp-based cannabidiol with a range of healthy ingredients. This is only the first step in realizing Canntab's goal of becoming a leading provider of cannabis oral dosage formulations."

Richard Goldstein, chief financial officer of Canntab, added: "All of our 420 Therapeutics products will use state-of-the-art tamper-proof blister packaging, which allows us to avoid the leakage that often occurs when capsules are kept in large bottles, since the capsules kept in bottles frequently bounce off one another and become damaged. Our packaging keeps the underlying product intact and provides for discretionary and safe consumption of one capsule at a time."

About 420 Therapeutics Inc.

420 Therapeutics is a wholly owned subsidiary of Canntab that was created to answer a growing desire for adult-use cannabis products that are of high quality but without the negative effects associated with smoking marijuana.

About Canntab Therapeutics Ltd.

Canntab is a Canadian cannabis oral dosage formulation company based in Markham, Ont., engaged in the research and development of advanced pharmaceutical-grade formulations of cannabinoids. Canntab has developed in-house technology to deliver standardized medical cannabis extract from selective strains in a variety of extended-release/sustained-release pharmaceutical dosages for therapeutic use.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.