- Skinvisible already develops hemp-based products and is expanding its product line of cannabis-based topical product market
- Research verifies its Invisicare® technology improves the penetration rate and boosts the availability of the cannabis ingredients in both topical and transdermal products
- Skinvisible has entered a strategic partnership with Canopy Growth Corporation for the sale of its product formulations in the Canadian market
Invisicare®, a proprietary topical drug delivery technology developed by Skinvisible, Inc. (OTCQB: SKVI), has a potentially wide range of applications in the cannabis market. The technology improves the delivery of pharmaceutical and medicinal compounds to and through the skin, which can increase the effectiveness of the various medicinal components of cannabis, such as the cannabidiol (CBD).
The patented polymer technology has been used in cosmeceutical, over-the-counter and pharmaceutical products for nearly two decades. On September 28, 2017, Skinvisible signed an exclusive agreement with Canopy Growth Corporation for the purpose of increasing its reach to Canada and establishing its position on the cannabis product markets. The definitive licensing agreement for patented topical formulations by Skinvisible puts emphasis on two product lines – unique topical hemp-based products that will be launched in Canada and the future development of cannabis-based topical products.
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