Vancouver’s cannabis topical developer Ovation Science Inc. (CSE: OVAT) (OTC: OVATF) has signed a licensing agreement for its products with the owner of the largest dispensary on the globe — Las Vegas Nevada’s Planet 13 Holdings, Inc. (CSE: PLTH) (OTCQX: PLNHF).
The companies announced the deal on Monday, which will provide Planet 13 with exclusive manufacturing, sales and marketing rights for Ovation’s topical/transdermal products throughout the state of Nevada. Ovation will be receiving royalty payments derived from wholesale sales through the agreement.
Ovation says a recent in-house study showed that its cream released 38 per cent more CBD than leading competitors and that previous research has demonstrated that the company’s topicals release 10 times more CBD into the skin than other products with five times greater penetration.
The company obtained a patent for the “Invisicare” drug delivery system…
