Brampton-Based Company To Produce First-Ever Odourless Cannabis –

Brampton-Based Company To Produce First-Ever Odourless Cannabis -
Odourless cannabis nearly ready for market, Canadian firm claims
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Forward Looking Statements This press release may contain certain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements may be identified by  statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Actual results and developments may differ materially from those contemplated by these statements. Although CannabCo believes that the expectations reflected in forward-looking statements in this press release are reasonable, there can be no assurance that such statements will prove to be accurate. Future events and results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements in this press release.  Comments and claims related to PHOENIX and PURECANN are based solely on that observed and the opinions of management as well as third party verifications provided to CannabCo from industry experts.

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CannabCo Pharmaceutical Corp. is a Canadian based full service cannabis company with operations in Brampton, Ontario.  The company has received its "Confirmation of Readiness" from Health Canada to become a licensed producer and is currently building out its pilot facility in the Brampton Area.  The company intends to use an enhanced technology known as PHOENIX for its cultivation initiatives claiming a high productivity and significantly lower cost per gram than traditional grows.  The company intends to launch extraction initiatives as well as enter the oils, extracts, and consumable markets upon completion of its Brampton Facility.  The facility is pursuing EU GMP status allowing access to the underserviced global pharmaceutical market.

CannabCo Pharmaceutical Corp., a Brampton, Ont.-based company awaiting a production licence from Health Canada, claims to have technology that virtually eliminates the tell-tale smells when cannabis is smoked and stored.

Fully compliant with GMP standards, the company intends to utilize the technology for production of products distributed to the medical and recreational markets.  "Imagine someone going outside for a break during the day, having their afternoon cannabis and coming back without any odour attached to their clothing or coat." commented Pellicane.  "A woman can carry cannabis in her purse without having the odour concentrated or leaking out in her handbag.  A number of users, and people that are around cannabis smokers, complain about the smell especially in enclosed areas, condos, and apartments, and this technology addresses those concerns."

A number of users, and people that are around cannabis smokers, complain about the smell, especially in enclosed areas, condos and apartments, and this technology addresses those concerns, CannabCo president and chief executive officer Mark Pellicane wrote in a news release on Tuesday.

CannabCo said it has an agreement with an undisclosed provider to deploy the anti-odour technology, and plans to release a wide variety of products for the medical and recreational markets. The privately-held company is touting the pending release as a global first.

The company has not yet decided if it will apply the technology in the form of third party services for processing cannabis supplied from other Canadian producers however when asked, Pellicane commented "Its a new technology and works hand in hand with PHOENIX, so there is a significant advantage applying it to a portion of our cultivated product, however we have not ruled out processing for other LPs and nothing is currently off the table."  Cannabco currently maintains exclusive rights to deploy the technology for its Canadian cultivation and manufacturing operations. 

CannabCo claims its PURECANN technology greatly reduces cannabis odour when flower is combusted, and makes the smell virtually undetectable when dry product is in storage. The technology is also said to reduce harshness when smoking, and lessens day-after effects.

Mark Pellicane, president and CEO of CannabCo, said in the release, “When we saw the technology in action and the end result, we realized there were a number of potential markets associated with the use of PURECANN.” He continued saying that there would be no need for any “third-party gadgets” to capture the smell. “The end result is pure cannabis that doesnt smell,” he said.

According to the news release, Health Canada has given CannabCo a Confirmation of Readiness notification, and the company is currently raising capital. They are also constructing a pilot facility in Brampton.

CannabCo, located in Brampton, Ontario, is working with a technology provider to develop ways of producing weed that doesnt give off that typical pot smell during storage or while being smoked. According to a press release from the company, the new technology is called PURECANN and was originally developed for the growth of medical marijuana.

CannabCo said the technology is fully compliant with GMP standards, a widely-accepted set of rules on handling, cleaning, quality assurance and packaging processes for manufacturing facilities and products.

CannabCo said it will have exclusive rights to deploy the technology for use in its Canadian production upon receiving a licence from Health Canada, and has not ruled out potential processing agreements with other producers.

“There are no third-party gadgets, or devices on the part of the user. The end result is pure cannabis that doesnt smell, Pellicane added. A woman can carry cannabis in her purse without having the odour concentrated or leaking out in her handbag.

The company noted that the new technology for growing odourless weed can also reduce harshness in the product itself, and help to eliminate the “day after effect” that some cannabis users feel after smoking.