With Latest DEA and FDA Approvals, Medicinal Cannabis Technological Progress Reaching New Levels

PALM BEACH, Florida, October 31, 2018 /PRNewswire/ --

Financialnewsmedia.com News Commentary 

Medicinal cannabis continues to perform at a high level as its adoption into mainstream markets continues. Canada and Several states in the United States are raking in hundreds of millions of dollars in tax revenues from the raging success of medicinal and recreational cannabis. According to Statista, medicinal cannabis revenues could reach as high as $5 Billion in the US alone by 2020. This past September, the U.S. Drug Enforcement Administration (DEA) rescheduled some cannabidiol, a move that allows the sale of the first nonsynthetic, cannabis-derived medicine to win federal approval. That decision came three months after the U.S. Food and Drug Administration approved Epidiolex, a CBD preparation for rare types of epilepsy which is a GW Pharmaceuticals plc (NASDAQ:GWPH) lead cannabinoid product candidate. Active cannabis companies in the markets this week include Generex Biotechnology Corporation (OTC:GNBT), Canopy Growth Corporation (NYSE:CGC) (TSX:WEED), Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB), Aphria Inc. (TSX:APH.TO) (OTCQB:APHQF).

Generex Biotechnology Corporation (OTCQB:GNBT) BREAKING NEWS: HydRx Farms Ltd. (o/a Scientus Pharma) ("Scientus" or the "Company"), a biopharmaceutical company conducting research and product development for extracts and formulations related to medical cannabinoids and their derivatives, today provided an update on its collaboration with Generex Biotechnology Corporation (OTCQB:GNBT) ("Generex"), whereby the companies are co-developing products for the delivery of cannabinoids via the buccal mucosa (the inner lining of the mouth).

Having recently received Health Canada authorization to produce cannabis softgel capsules and oils at its state-of-the-art, 45,000 Sq. Ft. commercial production facility in Whitby, Ontario, the Company will turn its focus towards the final development of a buccal cannabis spray using Generex's RapidMist technology.

"The ability to produce through our proprietary extraction and activation method an intermediary resin that is >99% activated for THC and CBD allows us to provide cannabis APIs at scale that can be incorporated into a variety of delivery methods, such as buccal spray, that were previously challenged by suboptimal potency and/or bioavailability," said Har Grover, Chairman and CEO of Scientus. "Our collaboration with Generex provides access to the drug delivery technology that will enable development of an effective cannabis buccal spray. This route of administration is an attractive alternative to patients who have concerns about inhaling or eating medical cannabis, but still want its full therapeutic benefit."