Cannabis Therapy Corp Achieves Near Term Revenue through Licensing of Canna-Pet™ Animal Health Product Line
Ryan Allway
August 8th, 2014
News, Top News
[stockchart symbol=CTCO]
It was announced yesterday by Canna-Pet, LLC that Cannabis Therapy Corp. [stockquote symbol=CTCO], a developer of safe, phytocannabinoid-based medicinal products based on rigorous manufacturing and quality control standards, has entered into an exclusive worldwide licensing agreement with Canna-Pet LLC.
CTCO therefor effectively takes over all aspects of manufacturing, operations and rights to market Canna-Pet’s cannabinoid-based animal health therapies in exchange for an ongoing percentage of sales royalties.
“This is a landmark event in the evolution of our company,” said Canna-Pet LLC President Dan Goldfarb. “Canna-Pet™ has experienced explosive growth since inception and we are now helping animals in all 50 states and 25 foreign countries. Our operation under exclusive license by Cannabis Therapy Corp. will take our innovative products to a new level of sophistication while expanding our distribution into numerous consumer opportunities.”
As a hemp-based product rich in cannabidiol, but with ultra-low levels of psychoactive THC, Canna-Pet™ products are legal on a federal level for sale throughout the United States. Canna-Pet’s capsules and Canna-Biscuits™ treats provide not only CBDs, but other cannabinoids and terpenes (essential oils) that make them uniquely effective.
Canna-Pet LLC offers one of the few “legal pet products with CBD,” which are recommended by veterinarians, and could make Cannabis Therapy the only publicly traded company with active and legal sales in the space. In an industry sector estimated at $13.72 billion spent on pet supplies and OTC medicines in 2014 alone (according to the American Pet Products Association), cannabinoid-based animal therapies could capture significant market share as benefits become more widely understood and adopted by pet owners around the globe.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
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