IP Teams Up with RBF on Hemp-Cannabis Product Research and Development
IP and RBF have entered into an MOU regarding the research, development, and expand production of hemp and cannabis products as permitted under applicable law
Inter Pharma Public Company Limited (IP) announces that on the date of September 7, 2021, the company and R&B Food Supply Public Company Limited (RBF) have entered into a Memorandum of Understanding regarding the research, development, and expand production of hemp and cannabis products as permitted under applicable law.
In this regard, the company will develop and produce health products in various forms such as herbal medicines, nutritional therapy, cosmeceuticals, etc., and R&B Food Supply Public Company Limited will develop and sell hemp extracts and cannabis to the company. The parties desire to jointly operate in the research and development of hemp and cannabis products.
Notwithstanding, this Memorandum of Understanding is effective for a period of 1 year from the signing date.