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Overview of Ovation Science Inc.
Ovation Science Inc. is a research and development company that specializes in the creation, licensing, and distribution of topical and transdermal cannabis products. Powered by its patented skin delivery technology, InvisiCare®, the Company has harnessed over two decades of pharmaceutical expertise to develop formulations that ensure superior cannabinoid delivery. Employing advanced drug delivery principles, Ovation’s rigorous R&D framework has yielded a unique portfolio of products designed for both wellness and cosmetic applications.
Committed to Innovation and Advanced Pharmaceutical Research
At its core, Ovation Science Inc. leverages extensive pharmaceutical research to address key challenges in cannabinoid absorption. By developing products that facilitate enhanced transdermal delivery of CBD, THC, and other cannabinoids, the Company delivers potential benefits for alleviating discomfort, promoting relaxation, and supporting overall skin health. Its proprietary InvisiCare® technology is central to its ability to ensure that active ingredients are delivered efficiently to targeted areas, thereby maximizing their potential benefits.
Business Model and Market Approach
The Company’s business model is anchored in its licensing strategy: rather than relying solely on direct sales, Ovation Science Inc. partners with established cannabis companies and distributors across North America. This approach provides steady revenue through double-digit royalty agreements and positions the Company as a well-respected supplier of technology-based formulations. Strategic licensing agreements in Canada, Nevada, Pennsylvania, and other key markets allow Ovation to penetrate diverse regional markets while maintaining rigorous control over the innovation process through its patented technology.
Strategic Licensing and Global Expansion
Ovation Science Inc. has successfully entered into several exclusive licensing partnerships, demonstrating its ability to adapt to varying regulatory environments and market dynamics. For instance, its recent agreement in Canada allows a Canadian partner to manage regulatory, manufacturing, marketing, and distribution functions. Such collaborations have led to enhanced market penetration in regions with high demand for cannabis products, including key provinces in Canada and multiple US states renowned for their progressive cannabis policies.
Technology and Product Differentiation
What sets Ovation Science apart is its emphasis on technological innovation. InvisiCare® is not just a delivery system; it embodies a research-backed, pharmaceutical-grade approach to enhancing cannabinoid absorption through the skin. This technology is underpinned by extensive intellectual property protection and proprietary formulations that competitors find difficult to replicate. As a result, the Company’s products often deliver significantly higher absorption rates compared to traditional formulations, thereby establishing a strong competitive edge in both wellness and specialty medical segments.
Operational Excellence and Regulatory Compliance
With offices in Vancouver, Canada and Las Vegas, USA, Ovation Science Inc. operates within highly regulated frameworks. The Company’s adherence to stringent quality standards and its collaborations with experienced licensees ensure that product manufacturing and distribution are both compliant and efficient. This operational model not only streamlines the go-to-market process but also builds a reputation for reliability and trustworthiness in an industry where regulatory scrutiny is significant.
Industry Position and Competitive Landscape
Within the competitive cannabis and pharmaceutical sectors, Ovation positions itself as a technology innovator rather than merely a product manufacturer. Its focus on research, patented technology, and strategic licensing agreements reinforces its standing as a company with a robust intellectual and scientific foundation. While several competitors exist in the cannabis topical and transdermal product categories, Ovation’s emphasis on quality, technological superiority, and evidence-based formulations distinguishes its offerings in a crowded market.
Expertise in Multiple Segments
Ovation Science Inc. serves multiple market segments including medical cannabis, wellness, and cosmetic applications. Its products have been designed not only to address patients’ needs but also to cater to the beauty and skincare industries. This multi-segment approach enables the Company to diversify its revenue streams while addressing a broad spectrum of consumer needs, from alleviating localized pain to supporting skin health and anti-aging benefits.
Conclusion
In summary, Ovation Science Inc. stands out for its commitment to innovation, its robust research and development background, and its strategic approach to market expansion. Through its proprietary InvisiCare® technology and fully integrated licensing strategy, the Company provides advanced topical and transdermal cannabis solutions that are rooted in scientific excellence and operational precision. Investors and industry professionals looking for a well-established R&D-driven company in the competitive cannabis and pharmaceutical landscapes will find Ovation Science Inc. a compelling study in technological innovation and market adaptability.
Ovation Science Inc. has launched new high-dose CBD formulations in response to the growing CBD market. The company developed a transdermal cream with 1500mg of CBD per ounce and a beauty line offering 200mg per ounce for anti-aging creams and 2000mg for body lotion. The demand for high-dose CBD topicals is increasing, supported by a projected CAGR of 21.2% for CBD products from 2021 to 2028. Ovation aims to expand its market presence beyond Nevada, where its products rank among the top five in sales at dispensaries.
Ovation Science Inc. reported a 15% increase in royalty revenue due to strong sales of its topical cannabis products in Nevada. As of November 30, five of the top ten topical products sold in the state are from Ovation. The company is leveraging its patented Invisicare technology, which enhances the absorption of CBD and THC. Overall cannabis sales in the U.S. for 2021 are projected to reach nearly $31 billion, an increase of 41% over 2020. Ovation aims to expand its licensing model to other states and engage in consumer packaged goods (CPG) opportunities in the upcoming year.
Ovation Science Inc. (CSE:OVAT, OTCQB:OVATF) has announced a new partnership with Pivot Protection Resource, a national distributor for its DermSafe non-alcohol hand sanitizer lotion. This move aims to enhance workplace safety amid the ongoing pandemic, particularly with the rising prevalence of the Delta variant. DermSafe, which uses 4% chlorhexidine gluconate, offers superior germ protection without the drying effects of alcohol. It has shown a 99.97% reduction in the human coronavirus in tests and is recognized by the Canadian Dermatology Review Panel.
Ovation Science Inc. (CSE:OVAT, OTC:OVATF) reports a surge in sales of its non-alcohol hand sanitizer, DermSafe, to athletes across Canada. DermSafe, which contains 4% chlorhexidine gluconate, offers long-lasting germ protection without drying hands. It has shown a 99.97% reduction in the human coronavirus strain OC43. The product has received a Seal of Approval from the Canadian Dermatology Review Panel. Management emphasizes the necessity of such products as athletes return to sports.
Ovation Science Inc. (CSE:OVAT)(OTCQB:OVATF) has launched an online campaign to promote its DermSafe® hand sanitizer, which utilizes Invisicare® technology instead of alcohol. This initiative will feature over 100 articles on Canadian Skin Information's websites, attracting more than 25,000 monthly visitors. DermSafe, effective against COVID-19 with a 99.97% reduction in virus, addresses skin conditions such as dryness and eczema. The campaign aims to boost sales amid retail lockdowns in Canada, providing easy access for consumers.
Ovation Science Inc. has provided an update on its ongoing development of topical and transdermal cannabis products utilizing its patented Invisicare® technology. The company has developed over 30 products, including health and wellness and beauty items, with various CBD to THC ratios. They successfully established a strong market presence in Nevada and aim to expand into other U.S. states. The topical cannabis market is projected to reach $4.5 billion by 2025, marking a significant growth opportunity for Ovation and its unique formulation capabilities.
Ovation Science Inc. (CSE:OVAT)(OTCQB:OVATF) has announced progress in its topical and transdermal cannabis products using patented Invisicare technology. The company now has over thirty products developed, focusing on health, wellness, and beauty. Ovation aims to expand distribution beyond Nevada to other approved US states and is seeking partnerships with multi-state operators. The topical cannabis market is projected to grow to $4.5 billion by 2025, representing a 540% increase. The company has a strong reputation among consumers and budtenders in Nevada.
Ovation Science Inc. announced significant growth in its cannabis product sales, reporting a more than 70% increase in January 2021 compared to December 2020, marking the highest sales since February 2020. The company's royalty income also reached its highest level in the past year. Ovation focuses on topical and transdermal cannabis products, aiming to expand beyond Nevada. Their patented Invisicare technology enhances the absorption of CBD and THC. The broader acceptance of cannabis and increased tourism are expected to drive further growth.
Ovation Science Inc. reported a significant increase in sales through its Nevada licensee, with January 2021 sales surpassing December 2020 by over 70%. This marks the highest sales level since February 2020, reflecting a potential turnaround in the topical cannabis market. The company's royalty income has improved, and CEO Terry Howlett anticipates continued growth as the economy reopens. Ovation's patented Invisicare technology enhances cannabinoid delivery in its products, appealing to a broad market. The overall cannabis topicals segment is projected to reach $4.5 billion by 2025.
Ovation Science Inc. (CSE:OVAT)(OTCQB:OVATF) announced its U.S. listing on the OTCQB Market effective February 23, 2021, enhancing visibility to U.S. investors. The listing is part of Ovation's strategy to broaden its investor base amid increasing interest in the cannabis sector. Additionally, the company received DTC eligibility, facilitating electronic trading of its shares in the U.S. Ovation specializes in topical and transdermal cannabis products, supported by over 20 years of R&D and proprietary delivery technology.
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