- xTHC produces cannabinoid-infused drink powders from a non-cannabis and non-hemp source using a patent-pending process
- Business model is to be a first-mover and expand into more U.S. states, with the focus now on the California market; goal is to reach broad-based retail channels, not only dispensaries
- Company is partnering with and is minority owner of Oregon-based Avitas CBD Water, LLC (now renamed Xanthic Beverages)
Xanthic Biopharma, Inc. (CSE: XTHC), on its initial investor conference call, projected multi-million dollar revenue and profitability in 2019 as it grows. It is a manufacturer of CBD-infused drink powder from a non-cannabis and non-hemp, economically viable and sustainable source. The company already has strategic partnerships in four U.S. states, with more locations in negotiations with manufacturers of bottled water and other beverages (http://cnw.fm/lX71I).
xTHC, through wholly-owned subsidiary Xanthic Biopharma Ltd., provides its proprietary technology to industry participants, as well as branding and consulting services. Using a patent-pending process, it enables its partners to market CBD-infused drink powders that dissolve instantly in water and flavored beverages that deliver consistent and predictable dosing. The fine soluble powder is made from cannabis distillate.
xTHC is a Toronto-based first mover life sciences and technology cannabinoid company. It delivers cannabinoid dosing in preferred product formats. It is partnering with and invested in Xanthic Beverages and building its ‘Powered By Xanthic’ brand (http://cnw.fm/q3YKm). The company has a line of powder pouches to be mixed by the user in water.
Through private placements, the company raised about $3 million, capitalized the company for its RTO and began trading on the CSE. As of March 2018, xTHC had about $1.7 million in cash, fully funding its business plan.
Its business model is to distribute its products outside the cannabis dispensary network into broad-based retail channels, such as grocery and convenience stores. Xanthic Beverages will distribute Xanthic CBD Water to more than 500 retail locations in Washington and Oregon. Tim Moore, CEO of xTHC, says that the soluble powder “destigmatizes’ medical marijuana for patients and offers precise and consistent dosing (http://cnw.fm/F6cH6).
The company’s next focus is on distribution in California. xTHC has entered into a binding LOI with Nutritional High International, Inc. (CSE: EAT) (OTCQB: SPLIF) (http://cnw.fm/aL7Ez). SPLIF operates a vertically integrated network that will manufacture and distribute Xanthic branded water in California.
For more information, visit the company’s website at www.XanthicBio.com
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