Neutra has unveiled that its medical marijuana (MMJ) subsidiary, Cannabis Technologies, has signed a letter of intent with Field of View Technologies to deliver new cannabis delivery systems.
Neutra is already negotiating a joint venture agreement with the Los Angeles-based company and this partnership will be a major leap forward in Cannabis Technologies’ expansion strategy for 2013.
Neutra CEO Sydney Jim said that the field of View Technologies has the right opportunities that the company needs to become a major player in this industry.
"We expect to announce a new definitive agreement with Field of View before the end of June," Jim added.
In the recent years, smoke-free cannabinoid delivery systems have grown in popularity with medical marijuana (MMJ) users. The MMJ market is estimated to be $1.7bn. Vaporizers, throat sprays, transdermal patches and other innovations deliver the same therapeutic effects of the drug without the potential dangers and restrictions linked with more traditional pipes and cigarettes.