Feb 16, 2021 Ankit Singhania

Avicanna Inc: RichTV in Discussion With the CEO Aras Azaidan

The biopharmaceutical sector has seen plenty of action over the course of the past months and many such stocks have managed to record significant gains due to a variety of reasons. Hence, it is no surprise that there are now many investors who are actively looking for such stocks. However, one needs to be diligent with regards to research and go by only reliable sources of information. In that regard, the YouTube channel RichTV Live could be worth following.

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It has proven to be quite reliable as far as investment-related information is concerned and a video this past Friday showcased the biopharmaceutical company Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN). More importantly, the Chief Executive Officer of the company Aras Azaidan joined the RichTV analyst for a chat as well.

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There was also a significant development with regards to Avicanna that might have brought the company to the attention of investors on Friday. The company is involved in developing, manufacturing, and marketing of CBD based products.

This past Friday Avicanna announced that entered into an agreement with Harrington Wellness Inc with regards to royalty agreement and intellectual property licensing. The agreement in question relates to commercializing a product line of CBD items that are targeted at athletes. It goes without saying that the product line could end up being highly lucrative and hence, it is a key development for Avicanna.

The company’s CEO Azaidan started the chat by saying that he is the founding CEO of Avicanna. There were two other co-founders at the company but they eventually left the company. However, it is interesting to note that his background lies in biotech but he wanted to create a line of standardized medicines that are made out of CBD. That was the rationale behind setting up the company.

It is a well-known fact that CBD products have become highly popular among a diverse section of people over the course of the past years and it is probably a matter of time before those products become even more popular. Avicanna is clearly trying to diversify its range of products and the latest agreement is an indication that the company is moving in that direction.

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