Cannavated Beverage Co., a wholly-owned subsidiary of Koios Beverage Corp. (CSE: KBEV) (OTC: SNOVF), is pleased to announce it has entered into an exclusive licensing agreement with CanCore Concepts Ltd (www.keefbrands.com) for a line of cannabis-infused beverages.
The agreement, effective July 1, 2018, is with Colorado-based CanCore Concepts Ltd., more widely known as Keef Brands. Keef is a leading developer of cannabis infused beverages. The company's products include the popular line of beverages that sell under the Keef Cola brand.
The licensing agreement allows Keef Brands to include the Cannavated nootropic formula in Keef's line of cannabis beverages.
Keef Brands, through its licensed manufacturing partners, will produce, market and sell a line of beverages that are not only infused with cannabis, but also contain the nootropic supplements from the Koios line of brain enhancing functional beverages. The resulting product will be the first in the world to combine cannabis infusion with nootropic supplements that enhance the consumer's mental acuity.
The hybrid nootropic-cannabis beverage has a market launch scheduled for September 15, 2018. Keef Brands has the exclusive rights for Colorado, with the option of expanding the licensing agreement to Canada and the U.S., provided it complies with all rules and regulations in the markets where cannabis has been made legal.
"We are thrilled to be partnering with an innovator in the functional beverage space and look forward to combining their unique formulations with our infused-beverage expertise and network of distribution," said Erik Knutson, CEO of Keef Brands.
Koios CEO Chris Miller says the agreement is equally important for Cannavated, which was formed as a separate entity to pursue licensing opportunities in the rapidly growing cannabis industry.
"This brings us one step closer to getting our nootropic formula on store shelves and in the hands of consumers, both those who need them for medicinal use or those who are simply looking for healthy alternatives in the recreational space," said Miller.
"Widespread legalization of marijuana in Canada, including for recreational use, takes place Oct. 17, and California is ramping up after their recent legalization of recreational cannabis," added Miller. "We are more than ready to meet the emerging needs of this new and quickly growing market."
On behalf of the Board of Directors of the Company.
KOIOS BEVERAGE CORP.
Chris Miller, CEO and Director
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