Serial entrepreneur Lorne Gertner has become a strategic consultant to the company, it said
Cannabis pill firm () revealed that one of the 'godfathers of the industry' and a serial entrepreneur Lorne Gertner has become a strategic consultant to the company.
"Mr Gertner has significant experience on the boards of a number of publicly traded cannabis companies, including Hiku Brands Company, and has developed a global network of contacts in the cannabis industry along with a deep understanding of retail distribution, both of which Canntab hopes to leverage as it positions itself for expansion into international markets," the firm said in a regulatory statement.
Canntab has developed in-house technology to deliver standardised medical cannabis extract from selective strains.
Last month, it launched the first of its '420 Therapeutics' brand of Cannabis wellness products - Hemp oil gel capsules. Each capsule contains 50mg of purified hemp seed oil extracted from cannabis sativa and suspended in coconut oil. Hemp oil is supposed to have health benefits.
Gertner said..: "... I believe the ultimate solution to the delivery of Cannabis will be through a hard pill.
"The problem with edibles today or infusion of any type is that they are combined with excessive sugar, and sugar is one of the killers in our society today.
"People today want something natural and our (Canntab) intention is to deliver a whole plant medicine through a hard tablet that is fast acting and long lasting."
Canntab finance chief Richard Goldstein said of Gertner: "He has been an advocate for medicinal cannabis use, and even supported a group of patients that had to face legal ramifications for using cannabis.
"He understood the benefits of medicinal cannabis long before it was permitted. He is a visionary and has developed a global network, which will allow Canntab in developing new business opportunities."
Gertner will receive 100,000 incentive stock options, each entitling the holder to acquire one share for three years at C$1.00 per share.
