- Hill Street Beverage Company (HILL) has announced that its patented DehydraTECH cannabis delivery technology is now available in the State of Oregon
- The addition of Oregon represents a new licensing expansion deal between Hill Street and Dehydr8, LLC, Hill Street’s DehydraTECH commercialization partner
- Folium Farms, LLC, has also become the first in the state to enter into a licensing deal with Dehydr8 to produce DehydraTECH-powered THC products
- Also the company has announced the expiry of its 12,993,000 warrants on May 1, 2022
- Hill Street Beverage Company is a non-alcoholic beverage and cannabis solutions company
- Hill Street Beverage Company Inc. was up 25 per cent, trading at $0.025 at close of the market
Hill Street Beverage Company (HILL) has announced that its DehydraTECH cannabis delivery technology is now available for license.
The technology can be licensed by cannabis licensed producers, contract manufacturers, and brands in Oregon.
The addition of Oregon represents a new licensing expansion deal between Hill Street and Dehydr8, LLC, Hill Street’s DehydraTECH commercialization partner already driving operations in Michigan, Massachusetts, and Illinois.
The company has also announced that Folium Farms, LLC, has become the first in the state to enter into a licensing deal with Dehydr8 to produce DehydraTECH-powered THC products with distribution in over 300 dispensaries across the state.
The deal involves multi-year licensing of the DehydraTECH technology by Folium Farms and related services to be provided by Dehydr8, to power a range of THC-infused consumer products by Folium Farms utilizing the patented DehydraTECH process.
DehydraTECH is a patented drug delivery technology developed by Lexaria Bioscience Corp.
“The expansion of DehydraTECH licensing operations into Oregon continues to demonstrate the ability to work with our Dehydr8 team to build strong relationships with quality LPs in key U.S. states,” stated Hill Street CEO Craig Binkley.
“Bringing Folium Farms into our licensing ecosystem right away shows how quickly we can move in additional launch states, leveraging the foundation and approaches that we have built from our original launch with Dehydr8 in Michigan,” he added.
Also the company has announced the expiry of its 12,993,000 warrants on May 1, 2022 due to the non-extension by the TSX Venture Exchange.
Hill Street Beverage Company Inc is a non-alcoholic beverage and cannabis solutions company.
Hill Street Beverage Company Inc was up 25 per cent, trading at $0.025 at close of the market.
