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Core One Labs Signs Letter of Intent with GMP Manufacturing Partner for Production of Proprietary Psychedelic Compounds
Core One Labs Inc. (CSE:COOL), (OTCQB:CLABF), (Frankfurt:LD6, WKN:A3CSSU) is pleased to announce it has entered into a Letter of Intent with Medelys Laboratories International Inc. dated effective September 21, 2022, for the purpose of manufacturing the Company’s proprietary psychedelic active pharmaceutical ingredient (API) products for Core One and its subsidiaries. Under the Manufacturing Arrangement, it is intended that Medelys will develop and manufacture GMP-compliant patent-pending API-grade psychedelic compounds at a commercial scale for Core One by utilizing the Company’s proprietary intellectual property for the production of biosynthetic and synthetic psilocybin developed by Vocan Biotechnologies Inc. and Awakened Biosciences Inc., which are…