Itonis, Inc. Signed Exploratory Analysis Trial for Cloud9 Project With Valley Organics Inc.
April 16 2014 - 9:00AM
Marketwired
Itonis, Inc. Signed Exploratory Analysis Trial for Cloud9 Project
With Valley Organics Inc.
LAGUNA HILLS, CA--(Marketwired - Apr 16, 2014) - Itonis, Inc.
(PINKSHEETS: ITNS) today announced that it has signed an agreement
with Valley Organics Inc. to start a 30-day "Exploratory Analysis
Trial" for the Company's cannabinoid-based product that is
presently named as its Cloud9 project.
Valley Organics Inc. is not a wholly owned asset of nor
affiliated with Latteno Food Corp.
The initial 200mg Cloud9 product is not for sale or
distribution, it is only for the Exploratory Analysis Trial
purposes only.
The Company expects that upon Valley Organics' completion of the
Exploratory Analysis Trial, the Company will be in a position to
manufacture the Cloud9 product for distribution.
The Company has been developing the Cloud9 product as a unique
sublingual that dissolves under the tongue as a convenient delivery
method. The manufacturing of the Cloud9 product will use a
Supercritical CO2 Extraction process to extract cannabinoids
("CBDs") from hemp oil within lawful parameters. The Company plans
on making Cloud9 available in a unit range of 100 - 200 mg.
About Valley Organics
Inc. Southern California-owned and licensed medical
marijuana co-op and transporting. The specific purpose of this
corporation is to collectively facilitate medical marijuana
cultivation and transactions by and between qualified patient
members of this corporation and/or primary caregiver members who
have the oral or written approval or recommendation of a licensed
physician, as permitted and authorized by the Compassionate Use Act
of 1996 (Health and Safety Code section 11362.5) and the Medical
Marijuana Program Act (Health and Safety Code sections 11362.7 -
11362.83).
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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