Following such transactions, Board determined to establish the Company in the rapidly-growing cannabis industry, initially in the State of California, and to engage in the business of licensing proprietary product formulations and processing methodologies and utilizing various nano- and micro-encapsulation, agglomeration and liquefying or drying processes to convert hydrophobic cannabinoid oils (marijuana THC and hemp CBD) into highly-soluble THC and CBD that can be used in foods and beverages and in a wide range of cosmetic and medicinal applications.
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