Itonis, Inc. Developing Cannabinoid-Based "Cloud9" Product
April 03 2014 - 9:30AM
Marketwired
Itonis, Inc. Developing Cannabinoid-Based "Cloud9" Product
LAGUNA HILLS, CA--(Marketwired - Apr 3, 2014) - Itonis,
Inc. (PINKSHEETS: ITNS) today announced that it is in the final
phase of its research and development of a cannabinoid-based
product presently named "Cloud9™."
"The broader definition of cannabinoids refers to a group of
substances that are structurally related to tetrahydrocannabinol
(THC) or that bind to cannabinoid
receptors." (http://www.news-medical.net/health/Cannabinoids-What-are-Cannabinoids.aspx)
The Company sees that a CBD-based product provides an
opportunity to meet a growing need for treating such common
ailments as pain as highlighted by the American Pain
Society. (http://www.americanpainsociety.org/about-aps/Press-Room/journalistregistration.html) In
a recent news release by the American Pain Society for its 33rd
annual meeting in 2014, that organization said: "At the APS
meeting, pain care and substance abuse experts will advise
physicians on how to counsel chronic pain patients on potential
benefits and risks of marijuana use and weigh the benefits of
currently available, FDA-approved cannabinoid medications."
The Company has been developing Cloud9™ as a unique sublingual
that dissolves under the tongue as a convenient delivery
method. The manufacturing of Cloud9™ will use a Supercritical
CO2 Extraction process to extract CBDs from hemp oil within lawful
parameters. The Company plans on making Cloud9™ available in a
unit range of 100 - 200 mg.
"Our team had been developing Cloud9 and are very pleased that
we can announce this new product alongside with our recent
agreement with MyECheck. It was our plan to participate in the
legal cannabis sector in both the product side as well as the
revenue transaction side. Bringing this together should bring
tremendous value to the Company and its shareholders. Please
stay tuned for further updates," says Mark Cheung, the Company's
CEO.
About Itonis,
Inc. Itonis, Inc. was incorporated in the state of Nevada on
July 5, 2005 under the name of Kenshou, Inc., which later changed
to Itonis, Inc. on December 2, 2005. Please visit
www.itonisholdings.com.
Safe Harbor:
Statements in this press release may constitute forward-looking
statements and are subject to numerous risks and uncertainties,
including the failure to complete successfully the development of
new or enhanced products, the Company's future capital needs, the
lack of market demand for any new or enhanced products the Company
may develop, any actions by the Company's affiliates that may be
adverse to the Company, the success of competitive products, other
economic factors affecting the Company and its markets, seasonal
changes, and other risks detailed from time to time in the
Company's filings with the U.S. Securities and Exchange Commission.
The actual results may differ materially from those contained in
this press release. The Company disclaims any obligation to update
any statements in this press release.
Contact: Itonis, Inc. Email Contact
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