With a new law on their side, a JV between San Antonio-based cannabis cultivation experts, Vermont-based researchers and a Houston-based engineering firm are putting Texas at the forefront of biomedical cannabidiol research. Houston-based Indoor Harvest Corp, a design-build vertical farming engineering firm, and Alamo CBD, a San Antonio-based cannabidiol (CBD) production company, are in talks to combine the companies and spin off Indoor Harvest’s vertical farming operations. Alamo has signed an agreement with Delaware-based Vyripharm Enterprises to form a JV for pharmaceutical cannabinoids research.
The goal: Cancer treatments.
Under the proposed joint venture, Alamo will supply pure medical cannabis oil/product to Vyripharm to provide specific chemical profiles needed for Vyripharm’s research and patient treatments. Alamo will use Indoor Harvest’s patent pending bio-manufacturing platform for cultivation. Alamo’s business plan is to use 10 acres, with water rights, near La Vernia, TX, to construct an 18k SF cannabidiol pharmaceutical production facility. [Read more @ BISNOW.com]