Ocean Commerce Plc, a provider of original palm oil fuel ash, has joined hands with two cannabis and pharmaceutical business operators to develop water-soluble cannabidol (CBD) extracts from hemp for the first time in Thailand to serve growing domestic and global demand for CBD-based products.
"Our customers do not need to conduct further development because we use technology to make water-soluble CBD that can be mixed with drinks. Other companies in the market have yet to go to this production level," said Teera Chutivaraporn, chief executive of Ocean Commerce Plc.
His company has partnered with Cannabiz Way Co and JSP Pharmaceutical Manufacturing (Thailand) Plc.