RTTNews | Sep 22, 2021 02:48AM EDT

02:48 Wednesday, September 22, 2021 (RTTNews.com) - Oxford Cannabinoid Technologies Holdings plc or "OCTP", the holding company of Oxford Cannabinoid Technologies Ltd or "OCT", said that OCT signed an exclusive licensing agreement with Canopy Growth Corporation and Tweed Inc, a wholly owned subsidiary of Canopy Growth.

The terms of the deal provide OCT with an exclusive worldwide licence to the entire cannabinoid derivative library, including 335 derivatives of cannabidiol, tetrahydrocannabinol and cannabigerol, intellectual property rights including 14 patent families and associated product research and development or "Canopy Library".

In return, OCT will pay Canopy Growth an annual license fee plus additional payments based on developmental, regulatory and sales milestones and royalties on future sales.

Read the original article on RTTNews ( https://www.rttnews.com/3227347/oxford-cannabinoid-signs-license-deal-with-canopy-growth-for-key-pharmaceutical-assets.aspx)

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