SōRSE Technology Enters Thailand’s CBD Marketplace via Exclusive Partnership with Hempagoda

SōRSE Technology Enters Thailand’s CBD Marketplace via Exclusive Partnership with Hempagoda
CANNANNEW REPORT

SōRSE Technology’s water-soluble emulsions for Consumer Packaged Goods available in Thailand through Hempagoda SōRSE will be the first US water-soluble cannabinoid and hemp emulsion technology available in Thailand The SōRSE/Hempogoda partnership creates exciting opportunities for Thai producers to develop unique, high quality and great-tasting products Powered by SōRSE Brands currently Powered by SōRSE can also distribute their products in Thailand in partnership with Hempagoda SEATTLE–(BUSINESS WIRE)–SōRSE Technology Corporation, the leading water-soluble emulsion technology company for Consumer Packaged Goods, today announced that it has entered the hemp and cannabis marketplace in Thailand. SōRSE currently powers over 100 infused products on the market. SōRSE has entered an exclusive partnership with Hempagoda to make the SōRSE Technology platform available to the Thai market. In 2019, Thailand became the first Southeast Asian country to legalize cannabis for medical use and research, as well as hemp for producing textiles, garments, and other products. In February 2021, Thailand legalized the use of hemp and CBD in food and cosmetics, and early this year, the government removed cannabis and hemp from its list of controlled substances. These steps have created the opportunity for the production of infused products in 2022. Over the past three years, SōRSE has expanded its global presence to Australia, Canada, the EU, Latin America, the UK, Asia and South Africa. This licensing agreement will mark SōRSE’s entrance into Thailand and the greater Southeast Asia marketplace. The emulsions will be produced at Hempagoda’s 12,000 square meter facility in Bangkok. Hempagoda CEO Vaughn Graham commented: “Since Thailand legalized the use of hemp and CBD in food and cosmetics, there has been plenty of interest from both consumer and Food and Beverage producers for product offerings incorporating cannabis. We’ve seen basic herbal teas and some other ‘beginner market’ products on the Thai market already. With our…

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Source : SōRSE Technology Enters Thailand’s CBD Marketplace via Exclusive Partnership with Hempagoda

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