Isidiol announces that Be Tru Organics signs distribution agreement
Vancouver-based Isidiol International (CSE: ISOL) (OTC: ISOLF) a leading producer of pharmaceutical grade cannabinoids, announced that Be Tru Organics, a company it recently agreed to buy, has signed a distribution agreement with United Natural Foods Inc (UNFI), a large wholesale distributor of grocery, produce, health, beauty and bakery products to the natural and organic industry in the US and Canada.
Isidiol stock traded at CAD $1.10 midday today, about 21 times sales and book value.
The company generated about $13 mil in revenue during the last 12 months.
Isidiol announced in early December 2017, that it agreed to buy 100% of Be Trū Organics for $2 million USD in stock. Be Trū sells proprietary hemp extract products, including topicals, oral sprays and edibles, under the Be Trū, Canatrū, and Cebatrū brands.
Isidiol is a leader in pharma-grade phytochemical compounds and phytoceutical consumer products. It sells 99%+ pure, bioactive cannabinoids, micro-encapsulations, and nanotechnology for consumable and topical skin care products.
It is expanding its phytoceutical portfolio, and expanding into Latin America, Asia and Europe.
Isidiol announces that Be Tru Organics signs distribution agreement
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