In the interview, Mr. Cottrell-Duffield addressed recent sales of the company’s flagship product, Phytofare®, stating, “Sales have thus far been focused in Europe, where we have first-rate distributor representation, and in South Africa, where we have strong support for local companies. With our new distribution partner in AIDP, we also now have excellent representation in North America and Asia.” With respect to customer preferences, Mr. Cottrell-Duffield added, “Consumers are now beginning to understand the importance of bioavailability in their nutriceutical products. While other products may claim bioavailability, Phytofare® is the only catechin complex on the market that can support that claim with double-blind human clinical trials. This is a tremendous market advantage for Plandaí.”
Mr. Cottrell-Duffield was then questioned about the company’s research into medical cannabis applications, to which he responded, “Plandaí is not currently nor has it ever produced cannabis extracts or tested any cannabis extracts. The legal environment in the United States is currently such that, as a listed company, doing so would be problematic. We have received a license from the Uruguay government to produce a cannabis extract and conduct animal trials, but, as their cannabis legislation is so new, there is still no clear path for moving forward. As soon as possible, we plan to produce a cannabis extract and prove that we can make a non-psychoactive product that retains the medical benefits of cannabis without the associated ‘high.'”
The full video interview can be accessed online at https://www.proactiveinvestors.co.uk/or alternatively can be found on the following YouTube link:https://www.youtube.com/watch?v=jHvbc3v7Z1E.
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About Plandaí Biotechnology, Inc.
Plandaí Biotechnology, Inc. and its subsidiaries develop highly phyto-available™ extracts. Plandaí Biotechnology controls every aspect of the process, from growing the raw materials on its farms in South Africa, to producing its proprietary Phytofare® extracts in-house, allowing the Company to guarantee the continuity of supply as well as quality control throughout the entire process. Targeted industries for the Company’s products include beverage, cosmeceutical, wellness, nutriceutical, anti-aging, and pharmaceutical. For more information, please visit https://www.plandaibiotech.com.
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