- 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://nnw.fm/iP7ip).
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…
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