FEB 22, 2018 11:00 PM PST

Pivot Pharma to Acquire Agro-Biotech for Full Spectrum Medical Cannabis Organization in Canada

WRITTEN BY: Mauri Brueggeman

Photo Source: beaverbud.com

Canadian cannabis industry companies Pivot Pharmaceuticals and Agro-Biotech made news on February 22, 2018 when Pivot announced the proposed acquisition of Agro-Biotech.  Pivot Pharma is known for its drive to improve dosing and bioavailability of cannabinoids and holds several patents for its unique delivery technologies.  Agro-Biotech is one of six licensed producers of medical cannabis in Quebec, Canada with numerous cannabis strains including those with high levels of cannabidiol (CBD).  With this proposed transaction, Pivot Pharma will be able to manage and direct the entire process from seed to consumer.   

Pivot Pharmaceuticals’ medical cannabis division, Pivot Green Stream Health Solutions (PGS), already conducts research and supports new development and commercialization of its products; Agro-Biotech can bring their expertise and experience as a grower and producer of medical cannabis to help Pivot further innovate and drive medical cannabis research efforts.  PGS’s mission is to develop novel treatments to address unmet healthcare needs.  Pivot recently procured worldwide rights for two proprietary drug delivery methods for cannabinoid, cannabidiol and tetrahydrocannabinol products.

Canada legalized medical cannabis in 2001 and under Health Canada, the country’s equivalent to the US Department of Health and Human Services, they have worked to keep a steady balance of approved growers with licenses to have a supply to sufficiently meet demand.  Canada also established the Canadian Consortium for the Investigation of Cannabinoids (CCIC) which is a federally approved nonprofit organization bringing scientists and clinical researchers together with health care professionals to promote evidence based research surrounding the application of endocannabinoids and phytocannabinoids.  CCIC has an annual conference focused on cannabinoids in clinical practice scheduled for April 2018.

The cannabis science industry is growing rapidly in many areas of the world; it is not surprising for companies in niche marketplaces or specific sectors within the industry to collaborate and keep momentum going.  As countries consider changes to medical cannabis laws and/or drug classification, companies working together or acquiring one another might lead to quicker change and therefore, more research on the risks and benefits of medicinal cannabis.

Sources: Pivot/Biotech Proposal Letter of IntentPivot Green Stream Health Solutions (PGS)Canadian Consortium for the Investigation of Cannabinoids (CCIC)

About the Author
  • Mauri S. Brueggeman is a Medical Laboratory Scientist and Educator with a background in Cytogenetics and a Masters in Education from the University of Minnesota. She has worked in the clinical laboratory, taught at the University of Minnesota, and been in post secondary healthcare education administration. She is passionate about advances and leadership in science, medicine, and education.
You May Also Like
JAN 13, 2021
Cannabis Sciences
Cannabis and Tobacco Smoke Contain Same Toxins
JAN 13, 2021
Cannabis and Tobacco Smoke Contain Same Toxins
Cannabis and tobacco smoke are known to share some of the same toxins. Now, researchers from Dana-Farber Cancer Institut ...
FEB 18, 2021
Cannabis Sciences
No Link Between Cannabis Legalization and Public Health Issues
FEB 18, 2021
No Link Between Cannabis Legalization and Public Health Issues
Researchers from the Cato Institute have published a report suggesting no link between the legalization of recreational ...
MAR 11, 2021
Health & Medicine
Patients Lack Confidence in Their Doctor's Understanding of Cannabis
MAR 11, 2021
Patients Lack Confidence in Their Doctor's Understanding of Cannabis
Thirty-five states in the USA now have medical cannabis programs and a 2017 National Academies of Sciences, Engineering, ...
MAR 18, 2021
Health & Medicine
Cannabis Not as Promising as Hoped for PTSD
MAR 18, 2021
Cannabis Not as Promising as Hoped for PTSD
Medical marijuana is used fairly routinely as a treatment for veterans suffering with PTSD (post traumatic stress syndro ...
MAY 25, 2021
Health & Medicine
Randomized Controlled Trial Assessing Cannabis Use for Migraine Begins
MAY 25, 2021
Randomized Controlled Trial Assessing Cannabis Use for Migraine Begins
Cannabis has been used to soothe headaches since almost the dawn of time, but there have been few studies — and ce ...
JUN 08, 2021
Cannabis Sciences
Can Smoking Weed Help You Lose Weight?
JUN 08, 2021
Can Smoking Weed Help You Lose Weight?
While cannabis is known to increase appetite in what is known as the ‘munchies’, some say they are able to l ...
Loading Comments...