Pivot Naturals LLC, a wholly owned subsidiary of Pivot Pharmaceuticals Inc., announced that it has received a Temporary License from the California Department of Public Health to manufacture adult and medicinal use cannabis-infused products in its Costa Mesa, California facility. Receipt of this license brings Pivot one step closer to production, generating revenue, and bringing its brands to the California ingestible and edible cannabis market.
“The grant of this Temporary License is a key milestone in implementing our commercialization strategy in the booming legalized California cannabis marketplace,” said Patrick J. Rolfes, President of Pivot Naturals. “With the license in hand, we are quickly moving into finalizing our Costa Mesa production facility, and preparing to have products ready to be distributed through our established California distribution channels.”
“Over the past few months we have been working diligently to position our company for commercialization and we are extremely excited to have received our Temporary License, speeding up our timeline to revenue while we are in the final stages of receiving our Annual License from the State of California,” said Patrick Frankham, CEO of Pivot Pharmaceuticals. “Our Costa Mesa infusion facility will be second to none and our patented RTIC “Ready-To-Infuse-Cannabis” technology enables us to produce our brands with accurate dosing and controlled and desired effects, while receiving product protection with the RTIC family of patents.”
This California Temporary Manufacturing Type N: Infusion License is a conditional license and authorizes the holder thereof to engage in commercial cannabis activity as would be permitted under the privileges of an Annual License, which Pivot has already applied for with the proper California licensing authority. To be awarded this license, Pivot met the stringent criteria set forth by the City of Costa Mesa and the State of California. There are currently only 61 Cannabis Manufacturing Type N: Infusion Licensed companies in the State of California. With the Company’s growing distribution channel in California, manufacturing facility being finalized and license in hand, Pivot is well positioned to capture a substantial market share of the CBD and THC ingestibles and edibles in California.
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