Neptune Technologies Extends Global MaxSimil License to Cannabis Products

10:33 11/27/2017

A nutrition products company, Neptune Technologies & Bioresources Inc. NEPT , announced an special, global and royalty agreement for the use of the MaxSimil technology. This technology is an exclusive patented omega-3 fatty acid solution with is a strong growth driver of Neptune’s Solutions business.

This registered new agreement allows Neptune NEPT  to research, formulate, manufacture, design and distribute monoglyceride omega-3-rich ingredients into cannabis-derived products.

Their goal is to create and sell a healthy, nutritional cannabis-rich product for medically prescribed patients and adult use where states in the United States permit marijuana. This could jumpstart them ahead of the industry as not too many companies are practicing this kind of study.

Neptune NEPT  has stated numerous times in the past that they believe the MaxSimil technology as the ability to enhance the absorption of lipid-based and lipid soluble ingredients such as cannabinoids, fatty acids (EPA and DHA omega-3s), vitamins A, D, K and E. The solution is supposed to be valuable in drastically increasing the absorption of thick substances that are not usually able to be absorbed, such as Cannabidiol (CBD).

CEO and President of Neptune, Jim Hamilton said, “Neptune’s strategy is to position itself in segments characterized by size and growth and the legal cannabis industry fits well with this and our wellness mission. Our core competencies in science, regulatory affairs, formulation, commercialization and oil extraction are tremendous foundations to position ourselves for success.”

While Canada is scheduled to legalize marijuana nationally in June 2018, Neptune NEPT  filed a written request to Health Canada to manufacture cannabis oil under the Access to Cannabis for Medical Purposes Regulation (ACMPR). This process is currently in the Review and Security Clearance stage (stage 2 out of 6).

Shares of Neptune Technologies & Bioresources NEPT  went flying up 9.6% in today’s trading after the news breaking the 52 week high.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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