SAN DIEGO, Dec. 11, 2017 /PRNewswire/ -- Cannabiniers, an established technology and brand management company revolutionizing the cannabis industry, today announces the company's definitive license agreement with multi-faceted management company Lighthouse Strategies LLC. ("Lighthouse") who recently announced a license agreement with Ovation Science Inc., subsidiary of research and development company Skinvisible Pharmaceuticals, Inc. With this, Lighthouse has exclusive use of Ovation's new patented topical and transdermal formulations for select USA markets. Skinvisible continues its expansion with this agreement, adding to the recently signed licensing agreement with Canopy Growth Corporation for exclusive rights for Canada.
Per the agreement via Lighthouse, and in participation with the Advocacy Research Center "ARC", Cannabiniers will leverage its national indirect manufacturing and distribution channel to distribute treatments that incorporate Ovation's patented technology across the United States and in doing so drive the development of safe, healthy, lifestyle-integrated treatments (both topical and transdermal) with the added benefit of accurate time released dosing. Cannabiniers' flagship product, Brewbudz®, is already available in Nevada with aggressive expansion plans slated for California, Colorado, Washington State, Oregon, and Arizona.
"Our goal is to normalize the consumption and use of cannabis so that it integrates within the daily lives of patients and consumers," said Timothy Walters, President of Cannabiniers. "We have achieved this with our current brands and our goal is to do the same with the topical products from Ovation. We are excited to be working with Lighthouse and Ovation as we seek to provide patients and consumers with the best products made with its patented delivery technology, essentially game changers within the cannabis market."
Cannabiniers will initially release products through Silver State Wellness and San Diego ReLeaf each licensed cannabis cultivators and infused products manufacturers, respectively servicing Nevada and California; supporting a combined 41M residents and an estimated 300M annual visitors across the two newest adult use cannabis states.
"Ovation's innovative technology will allow us to provide creative topical and transdermal cannabis products that allow people to treat themselves in a comfortable & reliable form while maintaining their normal everyday lifestyle, which is very exciting," said Darren Krein, General Manager of Silver State Wellness.
"The licensing agreement with Ovation Science Inc. provides our organization with an exciting new line of products that will round out our current product offerings," said Renny Bowden, Market Director of San Diego ReLeaf. "We are nearing the completion of our new state-of-the-art manufacturing facility in California and preparing for Californian's entrance into the adult use market. San Diego ReLeaf Research and Wellness Center is located in the heart of San Diego's Biotech community. The addition of the Ovation Science topical product line will provide us with yet another high quality, innovative and effective delivery system for medicinal cannabis."
"We are excited to have Cannabiniers as a partner in the U.S. cannabis market. They are branding experts and have the vision and infrastructure to take Ovation's cannabis products across the United States," says Skinvisible President Terry Howlett. "By leveraging Cannabiniers branding strategies, we have the ability to enter these markets and provide consumers with an exceptional variety of topical and transdermal products backed by science and formulated with patented technology."
Cannabiniers, located in San Diego, California, is a foodservice, technology and brand management company focusing on products that are healthy for the consumer and that positively impact the environment. Cannabiniers is revolutionizing the cannabis industry with patented, safe and natural flower-based extraction technology and products that will continue to the mission of normalizing cannabis use.
About Lighthouse Strategies, LLC.
Lighthouse Strategies, located in San Diego, California, is a finance, research & technology, real estate, & portfolio management company, with in excess of 110,000 square feet of real estate under management, supporting national & international intellectual property management, and maintaining ten (10) subsidiaries, ranging from foodservices, beverage services, breweries and distilleries (future). For more information, visit www.lighthousestrategies.co
About Skinvisible Pharmaceuticals, Inc. & Ovation Science Inc.
Skinvisible Pharmaceuticals is a research and development company that licenses its proprietary formulations made with Invisicare®, its patented polymer delivery system that offers life-cycle management and unique enhancements for topically delivered products. Invisicare holds active ingredients on the skin for extended periods of time, allowing for the controlled release of actives. Ovation Science Inc. is a Canadian subsidiary of Skinvisible and holds all rights to Skinvisible's cannabis product formulations. For more information, visit www.Skinvisible.com or www.Invisicare.com
Forward-Looking Statements: This press release contains 'forward looking' statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in Skinvisible, Inc. reports on file with the U.S. Securities and Exchange Commission (including, but not limited to, a report on Form 10Q for the period ending September 30, 2017).
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