Grants and Contributions:

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Title:

Cannabis Peak Bolster Powder Feasibility

Agreement Number:

972937

Agreement Value:

$25,961.00

Agreement Date:

May 3, 2021 - Mar 4, 2022

Description:

Cannabis and Cannabidiol-containing food and beverage products have been widely marketed across Canada and the United States and are thought to offer some of the therapeutic effects associated with cannabis while not produce a substantial "high". However, due to CBD's chemical instability and poor aqueous solubility, ready-to-drink products infused with CBD are limited. Peak Processing Solutions is developing a water-dispersible powder containing a high concentration of CBD that will help to overcome these limitations and expand the application of cannabinoids like CBD to powdered instant beverage mixes, nutritional supplements, and beyond.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Tecumseh, Ontario, CA N0R 1L0

Reference Number:

172-2021-2022-Q1-972937

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

709184311

Recipient Type:

For-profit organization

Additional Information:

This agreement has been amended 1 time(s). The end date of this agreements has been modified by 126 days. Essex 35026

Amendment Date

Oct 6, 2021

Recipient's Operating Name:

Peak Processing Solutions

Recipient's Legal Name:

2682130 Ontario Ltd

Federal Riding Name:

Windsor--Tecumseh

Federal Riding Number:

35116

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

31231

Amendments:

See Amendments