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Corix Bioscience Inc (OTCMKTS:CXBS) Pronounces Formation of Joint Venture with ChampRX

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Corix Bioscience Inc (OTCMKTS:CXBS) has for over quite sometime assessed the products by ChampRX eventually developing a monumental interest in them. As a result, it has resolved to joint venture with it. If all goes according to plan, it is expected that Corix will commit itself to serving ChampRX with a 100% THC free product directed towards the wellbeing of athletes.

Corix is meant to be the official Hemp manufacturer and asides from that it will also stick out as the 25% equity holder in ChampRX and any shifts in line with the market dynamics will be attended to accordingly.

The two business gurus are expected to be the pioneer sponsors of the next title fight of Shannon Briggs. Asides from that, it is also expected that Corix might also gain unrestricted access the ChampRX marketing as well as for its wide range of partners.

The terms of the agreement provide that Corix will be entrusted with the provision of the science as well as the manufacturing behind the products not forgetting that ChampRX will be the one responsible for both the promoting as well as the marketing of the product.

It was just a short while back when the World Anti-Doping Agency (WADA) proceeded to eliminate cannabidiol (Hemp) from its list of banned substances and a lot of speculations have come up as a result.

Corix Bioscience CEO Michael Ogburn in a recent interview said that the recent WADA decision was the one that paved way for the opening up of a huge market of athletes.He took great pride in the fact that as a company they had achieved quite much in line with the provision of THC free product on a consistent basis. And that was a matter that was being received well by a large number of athletes. He affirmed that the time had finally arrived for the various athletes to enjoy the strong benefits that were associated with the non-THC based Hemp Oil.

He opined, “This will be the first of many deals in the athletic arena. We have a number of upcoming meetings with other large athletic organizations, which should generate a number of new contracts,”

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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