The two companies will collaborate on the development of high-quality, CBD-based flavors and ingredients that will meet global health and safety regulations
Radient Technologies Inc., a global commercial manufacturer of high-quality cannabinoid-based ingredients, formulations and products, and The Edlong Corporation, a global manufacturer, marketer and provider of technology-driven natural flavor systems, ingredients and integrated solutions for the food and beverage industry, announced they have entered into a Memorandum of Understanding (the “MOU”) to form a strategic Joint Venture partnership (the “JV”). The purpose of the JV is for the two companies to jointly create and market cannabidiol (“CBD”) flavor systems and product solutions for global food, beverage (alcoholic and non-alcoholic), and pet food industries.
Combining Edlong’s extensive expertise in the development, manufacturing and marketing of natural flavors and ingredients with Radient’s expertise in the industrial-scale extraction, purification and manufacturing of cannabinoid ingredients, the two companies will collaborate on the development of high-quality, CBD-based flavors and ingredients that will meet global health and safety regulations and appeal to large global consumer markets. Additional areas of interest for collaboration may be included in the future, should the two companies agree to pursue them.