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PreveCeutical Medical gets first Aurora cannabis shipment

Earlier this month, the firm said it had received the key permits to allow this material to be imported into Australia

cannabis plants
The firm said it had received the first shipment of dried cannabis flower and oils

PreveCeutical Medical Inc (CSE:PREV, OTCQB:PRVCF) said it had received the first shipment of dried cannabis flower and oils from Aurora Cannabis, which means soluble gel (Sol-gel) delivery testing can now start.

As revealed earlier this month, the firm, in a major milestone, had received the key permits to allow this material to be imported into Australia by the  cannabis major.

It will be used for the group's research led by Preveceutical's chief research officer Dr Harendra Parekh at the University of Queensland.

"Testing of the imported cannabis strains in the application of soluble gel (Sol-gel) drug-delivery technology to cannabinoids is now expected to commence," said the firm in a brief statement.

"The purpose of the testing will be to develop therapies for relief from a range of symptoms, including pain, inflammation, seizures and neurological disorders."

The advantages of Sol-gels over conventional liquid nasal sprays include reduced dosage requirements, and reduced irritation and other negative side effects.

Shares in the group shed 1.35% to stand at C$0.36 each.

Quick facts: PreveCeutical Medical Inc

Price: 0.025 CAD

CSE:PREV
Market: CSE
Market Cap: $9.91 m
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Buds & Duds: Cannabis stocks climb; Canntab shares soar on hemp-cultivation...

Buds of the day are Canntab Therapeutics Ltd (CSE:PILL.CN) (OTCMKTS:CTABF), PreveCeutical Medical Inc (CSE:PREV) (OTCMKTS:PRVCF). The duds are The Supreme Cannabis Company Inc (TSE:FIRE) (OTCMKTS:SPRWF), BlissCo Cannabis Corp (CSE:BLIS). 

on 05/21/2019

2 min read