NanoSphere and Vertical in pact to launch Evolve products in AZ and CA
NanoSphere Health Sciences (CSE:NSHS; OTC:NSHSF) has joined forces with Vertical Companies, the largest fully integrated company in the legal medical cannabis industry, to launch NanoSphere’s Evolve product line in Arizona and California this summer.
NanoSphere currently has Evolve products in more than 120 dispensaries in Colorado.
As the largest integrated company in the medical cannabis industry, Vertical utilizes a 1.2 million square feet grow facility, which it uses to supply more than 220 retail outlet stores, including the production of approximately 250,000 grams of oil per month.
The Evolve Formulas cannabis product line consists of two variations of Transdermal NanoSerum pens, one THC-dominant and one CBD-dominant in formula. This summer, the company plans to launch an intranasal product and later this year, it will be introducing an intraoral product.
"Expanding into both Arizona and California this summer allows us to bring our advanced, cutting-edge technology to new consumers and patients in the world's largest legal cannabis market,” Robert Sutton, chairman and CEO of NanoSphere, said in a statement.
“This partnership is another important step in bringing our patented technology to all legal states and Canada over the next 18-to-24 months," he added.