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Mountain Valley MD Holdings Inc said it has entered into a letter of intent (LOI) to complete a licensing agreement with Red White & Bloom Brands Inc (RWB), a publicly-traded multi-state cannabis operator and house of premium brands that are available across the cannabis market in the US. The two companies expect to complete a product development and commercial licensing agreement before the end of October 2021, setting out the terms under which Mountain Valley will develop one or more formulas using its Quicksome technology and novel cannabinoid solubilization technique to be applied by RWB to various cannabis product applications.
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