$PDPG Performance Drink Group Signs JV LOI with New European Partner Focused on R&D PDPG Explores Heart- Healthy Ingredients Including a new Cannabis Ingredient Range
WHEAT RIDGE, CO / ACCESSWIRE / March 7, 2022 / Performance Drink Group, Inc. (OTC PINK:PDPG) ("Performance Drink" or the "Company"), a new force in the manufacturing of unique Sports Nutrition and Energy Drinks, today announces a signed Letter of Intent (the "LOI") toward the establishment of a joint venture (the "JV") with a new EU-based partner that specializes in Research & Development.
Further details about the JV will be released over coming days and weeks.
The JV exists to foster the development of patent-protected trade secrets related to both raw ingredients and production processes for the fast growing beverage marketplace, with a particular emphasis on the development of a new and unique portfolio of ingredients, supplements, and products capable of promoting heart health.
"The goal of this partnership is to target game-changing R&D rooted in a very broad-spectrum sampling of natural ingredients, including olives, nuts, honeys, and, of course, cannabis-based products," stated PDPG CEO David W. Lovatt, commenting from Portugal. "Once the definitive agreement has been signed by all parties, this venture stands to give Performance Drink Group access to stable, growing revenue streams spanning multiple continents capable of lasting long into the future underpinned by strong IP protection."
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