Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), a biotechnology company producing ultra-pure, sustainably made compounds, and Cellular Goods PLC (LSE: CBX), a U.K.-based provider of premium consumer products based on biosynthetically made cannabinoids, today announced that the companies have entered into a multi-year supply agreement. Under the agreement, Willow will supply Cellular Goods with its proprietary, ultra-pure, biosynthetically produced cannabigerol (“Willow CBG”) to be used in Cellular Goods’ premium cannabinoid-based skin care products to be launched in autumn of 2021. “We are very excited to announce our first commercial supply agreement for CBG,” said Trevor Peters, Willow’s president and CEO. “In just over two years we have gone from proof of concept in the lab to commercial scale up and sales of our first cannabinoid, which will be slated for use in a consumer product. Cellular Goods are at the forefront, developing premium consumer cannabinoid products in the United Kingdom and we are thrilled to be supplying them with our ultra-pure, biosynthetically made CBG.”
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About Willow Biosciences Inc.
Willow is a Canadian biotechnology company that develops and produces high-purity, plant-derived ingredients for consumer care, food and beverage, and pharmaceutical products. Willow’s manufacturing process creates a consistent, scalable and sustainable product that benefits industry and consumers. Willow’s team has a proven track record of developing and commercializing bio-based manufacturing processes and products for both the consumer and pharmaceutical industries. For more information, visit the company’s website at www.WillowBio.com.
NOTE TO INVESTORS: The latest news and updates relating to WLLW are available in the company’s newsroom at http://ibn.fm/WLLW
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