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Vita Biotech has partnered with Cannabis Bioscience International Holdings (OTC Pink: CBIH) to fund CBIH's clinical studies. This alliance will expedite CBIH's data collection for evaluating their formulations' efficacy and safety, facilitating the company's scientific and commercial objectives. The partnership involves Vita Biotech acting as a financial subsidiary, aiding in streamlined financing, and risk management by isolating each medical formulation into a unique legal entity. Texas has been chosen for patent housing due to its favorable business environment. Both companies maintain ethical standards and prioritize data integrity, aiming to enhance patient care and credibility in medical cannabis research.
Cannabis Bioscience International Holdings (CBIH) has engaged StoneBridge Advisory for a comprehensive company valuation. StoneBridge, a Colorado-based firm with over 30 years of experience, specializes in business valuations and mergers and acquisitions. This valuation aims to enhance strategic decision-making, attract investments, and facilitate negotiations, especially in light of potential U.S. federal reclassification of cannabis.
CBIH anticipates the valuation will help identify growth opportunities and navigate the evolving medical cannabis market. The company is preparing to capitalize on new business partnerships, funding, and banking services stemming from possible legal changes. The valuation is seen as essential for market comparison and long-term sustainability.
Cannabis Bioscience International Holdings (CBIH) has appointed Mr. John E. Jones as its new Treasurer and Director. Mr. Jones brings a wealth of experience from his successful career in the business sector, with a focus on strategic acquisitions, mergers, and capital projects. His expertise is expected to bolster CBIH's position in the cannabis industry, particularly in cannabinoid research and innovation.
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