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Posted On: 07/07/2022 9:13:58 AM
Post# of 38436
$PVSP announced a partnership with KRTL Biotech to develop and launch a wellness joint venture.
Pervasip and KRTL Biotech collectively referred to as the “Parties”, building on years of development, combined with a network of world-renowned stakeholders in the wellness space, announce the development of the Artizen Wellness joint venture to bring high quality wellness and nutritional foods products to market. Using proprietary formulations targeting mood, mental health and various ailments, Artizen Wellness will use unique low-THC cannabinoids (CBD/CBG/other), terpenes and well-known plant extracts to develop a range of products for worldwide distribution.
According to consulting firm McKinsey & Co. April 2021 Global Wellness Market survey, reconfirmed in 2022, consumers globally are spending approximately $1 trillion on wellness products. Natural, clean products are the #1 rising trend with 41 percent over 21 percent choosing natural supplements over more effective ones, a welcome trend that supports Artizen Wellness’ relentless focus on clean, natural compounds backed by peer reviewed research and proven efficacy.
“I am extremely excited about the potential of this venture. We have been very fortunate to bring together a group of passionate experts from various fields, spanning traditional and alternative medicine, high quality extraction, research and development. Combining this expertise with our Korean research network, Artizen Wellness will be relentless in its focus on developing products that deliver on their promise and at a verifiable level of quality,” said German Burtscher, Pervasip’s CEO & President.
Pervasip and KRTL Biotech collectively referred to as the “Parties”, building on years of development, combined with a network of world-renowned stakeholders in the wellness space, announce the development of the Artizen Wellness joint venture to bring high quality wellness and nutritional foods products to market. Using proprietary formulations targeting mood, mental health and various ailments, Artizen Wellness will use unique low-THC cannabinoids (CBD/CBG/other), terpenes and well-known plant extracts to develop a range of products for worldwide distribution.
According to consulting firm McKinsey & Co. April 2021 Global Wellness Market survey, reconfirmed in 2022, consumers globally are spending approximately $1 trillion on wellness products. Natural, clean products are the #1 rising trend with 41 percent over 21 percent choosing natural supplements over more effective ones, a welcome trend that supports Artizen Wellness’ relentless focus on clean, natural compounds backed by peer reviewed research and proven efficacy.
“I am extremely excited about the potential of this venture. We have been very fortunate to bring together a group of passionate experts from various fields, spanning traditional and alternative medicine, high quality extraction, research and development. Combining this expertise with our Korean research network, Artizen Wellness will be relentless in its focus on developing products that deliver on their promise and at a verifiable level of quality,” said German Burtscher, Pervasip’s CEO & President.
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