Rhinomed Ltd
Rhinomed Ltd (ASX:RNO) is listed on the Australian Securities Exchange.
See more information about Rhinomed Ltd
Rhinomed looks to team up with largest medicinal cannabis operator in US
Rhinomed Ltd (ASX:RNO) has signed a non-binding term sheet with Columbia Care LLC, the largest medical marijuana operator in the United States.
As per the term sheet, Rhinomed will license its nasal platform for the delivery of medical cannabis and cannabinoid products.
The two companies plan to jointly develop a range of unique cannabinoid products targeting areas with unmet clinical and consumer health needs in the US.
Progressing towards a binding agreement within 90 days
Rhinomed and Columbia Care are aiming to complete a binding agreement based on the term sheet within the next 90 days.
The agreement will deal with the licensing of Rhinomed's platform technology, intellectual property, product royalties and supply of technology, exclusivity and other commercial issues.
