Vertically integrated cannabis company Hollister Biosciences Inc. (CSE: HOLL) announced a licensing agreement Friday with actor, comedian and cannabis icon Tommy Chong to produce and sell Tommy Chong’s Cannabis Full Spectrum Elixir 1:1.
The tincture offers a 1-to-1 ratio of THC to CBD, and it has already been praised for its medicinal qualities, the company said. It is created from high-quality, California-grown cannabis.
The tincture will be distributed solely by Hollister Cannabis’ distribution partner, Indus Holdings, Inc. (CSE: INDS), with the first sales expected at the beginning of March.
The company said it plans to manufacture up to 25,000 units of the tincture in the first 12 months of the agreement, with a projected retail price of $70 per unit.
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