Business View Magazine | February 2020

144 BUSINESS VIEW MAGAZINE FEBRUARY 2020 delivery systems with Exactus’ fully traceable supply chain was compelling. Our goal has been to develop a relationship with a trusted partner that allows us to bring our unique products to market in the U.S. and for our shareholders to benefit from that opportunity. I can confidently say that we have successfully achieved that goal, as our agreement with Exactus opens the door to the growing CBD market in the U.S, in which our unique product is perfectly positioned to thrive.” The supply agreement states that Canntab will purchase ingredients from Exactus to be used in Canntab’s proprietary formulations, and the distribution agreement calls for the sharing of gross profits in a variety of ways dependent on how the sale is made and distributed. For Canntab, 2019 was all about readiness – building their product line; getting set, regulatory-wise; prepping the Markham facility to start manufacturing on a commercial scale; and adding people to the mix to get all that done. The license will allow them to do everything any other LP in Canada can do, except for cultivate-to-harvest. The intention is to produce tablets in a GMP pharma facility and have those distributed mainly through the medical system in Canada, as a medical product. Canntab also has a deal with a company called World Class Extractions. They are installing high-end equipment in the Markham facility to expand into high-end extraction capabilities, plus doing fractional distillation and further separation of cannabinoids to advance Canntab’s tablet research beyond THC and CBD into CBN and CBG and CBC. That building is approximately 20,000 square feet and, currently, has only 6,700 square feet of licensed area. So, there is a lot of room for future expansion. From an employment perspective, Canntab runs a lean operation. “I give a lot of credit to our staff,” says Renwick. “In order to get all the licensing and SOPs that are required, on top of all the pharmaceutical technology we have, it’s been a real battle of paperwork and trying to