Tauriga Sciences, Inc. Reports Progress in Completing the Formulation of its First ColluMauxil Branded Product, a Cannabidiol “CBD” Infused Roll On for Muscle Tension Relief
The Company has done extensive market research to identify the most commercially important product specifications and guidelines for this large unmet need. According to the American Pain Society, pain is the most common reason that people seek medical care, yet pain management is generally inadequate for chronic pain.
On Monday December 5, 2016, the Company created its first sample batch of RolLeaf, its muscle tension product, at a Southern California based analytical laboratory. A key ingredient of the product is CBD isolate, which is 99+% pure, anhydrous (crystalline) Cannabidiol that is extracted from hemp. Because the Company’s formula utilizes 99+% pure CBD isolate that contains no THC, the product is legal in all 50 states, South America, Europe and Australia.
Incorporating the feedback of multiple distributors and potential retail customers, the Company has designed its product line with a roll-on delivery system. Two initial volume sizes have been established for the product launch. The Company created a 3 oz. unit, as that volume can be transported by carry on airplane passengers in the United States. Additionally the Company created a 10 ml sample size product that will be used at investor presentations, in store promotional activities, doctors’ offices, and with potential distributors.
The Company has set its corporate goal to finalize the CBD infused pain roll-on product, including RolLeaf’s final packaging (inclusive of logo and graphics) on or before December 31, 2016. If the Company is successful in achieving that milestone, there is the potential of generating revenue during the 1st calendar quarter of 2017 (January 1, 2017 – March 31, 2017). However, there can be no guarantee that revenue will be achieved during that time period or at all.
Tauriga’s CEO Seth Shaw expressed, “The Company has been working hard to establish and formulate a high quality roll-on product based upon stringent guidelines and market demand. In order to design the best product for consumers and to position it for commercial success, the Company has been in continual contact and discussions with potential distributors and customers as well as with technical advisors. We are grateful to all these people for their valuable input, including the Company’s previous CEO, Dr. Stella Sung.”
ABOUT TAURIGA SCIENCES, INC.
Tauriga Sciences, Inc. ( OTC PINK : TAUG ) is a life sciences company engaged in the development, marketing, distribution and potential licensing of a broad array of products and technologies that may help individuals who are affected by muscle tension. The Company has already identified potential products and technologies of interest and is actively working towards the goal of creating an innovative product line to launch the business activities of ColluMauxil Therapeutics LLC (The Company’s previously announced new planned wholly owned subsidiary). The Company believes that one of its most important strengths is its access to and relationships with potentially substantial distribution systems and networks. The Company intends to capitalize on distribution opportunities and will continually update shareholders on such developments. The Company is also prosecuting (as Platintiff) its ongoing malpractice lawsuit against its predecessor audit firm, for which it’s seeking monetary damages in excess of $4,000,000 USD.
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