Life sciences company eSense-Lab Ltd (ASX: ESE) has reached a key milestone in the development of its terpene infused chocolate products in breakthrough in cannabis food and beverage manufacture.
The company, in a JV with US food manufacturer Healthy Chocolate Florida LLC, Companies, has now produced an optimum terpenes/chocolate ratio and completed the beta prototype of this product.
eSense-Lab’s CEO Haim Cohen, said the management and scientific teams of both companies consider the lead-up research and development, and finalisation of the formulation, as a highly significant ‘breakthrough’ for the rapidly growing global cannabis food & beverage and nutraceutical industries.
“eSense-Lab products, via their highly specialised manufacturing, will importantly preserve the key properties of its terpenes’ quality and integrity (integral for the health and medical benefits achieved from terpenes), for the company’s proprietary medical cannabis strains; as well as ensuring the highest quality aromas, taste and feel of the strains. Both companies are now focusing all development efforts towards the finalisation of the chocolate product’s consumer-ready qualities and requirements,” Mr Cohen said.
This process is well underway, and the companies anticipate completing this stage by the 2nd quarter of 2018.
“We have known internally that our terpenes can be used in the same way food additives are used, enabling almost endless cannabis related applications.
To have now brought the science behind this to the final stages of having a unique formulation ready for countless opportunities in both the Food and Beverage and nutraceutical markets, is a significant achievement for all involved.
“This is a very exciting time for eSense and we look forward to further adoption of our technology into new and exciting growth opportunities.”
U.S. Retail Cannabis Sales in 2016 experienced a record growth of ~US$4.5 billion, and the sector is expected to grow a further 30%, to ~US$6.1 billion for 2.
