DeepCell commercializes products by licensing its technology and trademarks to licensees with appropriate cannabis production and distribution licenses. Exclusive License Pursuant to the license agreement (the “License”), INDIVA acquires exclusive rights in Canada to manufacture and sell DeepCell’s complete line of products, including its cannabis-infused “Ruby” products produced using DeepCell’s patented Crystal Fusion™ technology. The Crystal Fusion™ technology mechanically fuses cannabinoids with sugar or salt, creating crystals that are both water-soluble and stable. The Ruby™ brand product line consists of infused sugar and salt crystals, pancake and drinks mixes, candies, topicals, prebiotic supplements, and isolates. Equity Investment INDIVA acquired approximately 15% of DeepCell stock for an investment of USD $1.5 million, which allows DeepCell to continue developing innovative products to license to partners in California and other jurisdictions permitted under applicable law.
Hemp Land, Cannabis Hemp Blog, 08/25/2021 23:30:00