Pivot Pharmaceuticals Inc. announced that its wholly-owned California subsidiary, Pivot Naturals has signed a definitive manufacturing and supply agreement with Stoney LLC, a leading brand of cannabis products in the state of California.
Under the terms of the Agreement, Stoney has agreed to purchase Pivot’s suite of Ready-To-Infuse-Cannabis (“RTIC”) powderized products, including formulated capsules for targeted effects, bulk powder for baking additives, single serve stick packs and pet food supplements. These finished products will be marketed under the established and respected “Stoney” and “Halo” brands. Order quantities will be determined in rolling 30-day periods commencing in 2018.
“We are excited to partner with Pivot and their patented superior technology to provide our customers additional choices throughout our high-quality Stoney and Halo brands,” stated Mr. Ivan Villa, President of Stoney LLC, “Our customers have been demanding this level of bioavailability technology with targeted effects and we are thrilled that we will be able to deliver on their expectations.”
Patrick J. Rolfes, President of Pivot Naturals, LLC added, “I am thrilled to execute our first Manufacturing and Supply Agreement in California. This positions our patented RTIC powderization technology as an industry changing solution. This is a critical milestone that further validates Pivot as a leading supplier of premium, science-based cannabis products.”
