Highlands Natural Resources' (HNR) expansion into the CBD world continues to grow-- this time through a partnership between Zoetic, the company’s wholly owned subsidiary producing organic CBD products, and analytical chemist Stephen Goldman.
The new collaboration is aimed at developing and filing patents and “other intellectual property,” focusing on “agricultural genetics and… pharmaceutical and wellness products based on, or incorporating, cannabinoids.”
Per the conditions of the partnership, Highlands will fund the costs and Mr. Goldman has agreed that any intellectual property springing from the arrangement is solely owned by Highlands.
One such patent has already been filed, relating to “the methodology” of combining cannabinoids with pharmaceutical and wellness products.
The news reaffirms the efforts Highlands has placed behind growing into the cannabinoid market. Earlier this month, the company announced Zoetic had signed its first retail distribution and sale agreement with a distributor in the US, marking beginning of on-site retail sales of its CBD products in the United States.
Robert Price, Executive Chairman and CEO of Highlands, commented on the news: "Our collaboration with Stephen Goldman significantly advances our expertise in seed development and agricultural genetics and underpins our strategy to develop high quality feminised seeds for sale to hemp producers, a strategy which has significant revenue potential.
In addition, the inclusion of Stephen's research on the pharmaceutical combination of cannabinoids with other active ingredients adds a further business opportunity to Highlands and one that we can progress very cost-effectively. The fact that we have already filed our first patent in this area demonstrates just how far advanced this research is."
In regards to the larger corporate cannabinoid strategy, Mr. Price added, “Our progress at Zoetic continues at pace and we remain on track to achieve our first revenues in June from deliveries to Schrader Oil convenience stores and the launch of our own direct sales website.”
For more news and updates on Highland Natural Resources: