/C O R R E C T I O N -- Redwood Scientific Technologies, LLC/

Rhea-AI Summary

Redwood Scientific Technologies (RSCI) announced the finalization of five flavors for its TBX VAPE FREE strips, aiming to pioneer the vape cessation category. Following a double-blind, randomized, placebo-based scientific study, production will ramp up to millions of strips per month to meet anticipated high demand. The product offers a sensory experience similar to vaping but without nicotine. This announcement follows a Daily Mail story highlighting the dangers of vaping. Christina Hayes resigned from the Board of Directors on April 14, 2024.

Positive

• Finalization of five flavors for TBX VAPE FREE strips, showing significant product development.
• Completion of a double-blind, randomized, placebo-based scientific study adds credibility.
• High production capacity, targeting millions of strips per month to meet expected demand.
• First mover advantage in the vape cessation category, potentially capturing a large market share.
• Product designed to provide a similar sensory experience to vaping but without nicotine, appealing to health-conscious users.

Negative

• Christina Hayes' resignation from the Board of Directors could imply leadership instability.
• High production targets bring financial risk if demand does not meet expectations.
• No mention of regulatory approvals, which could delay market entry and affect stock performance.

In the news release, Redwood Scientific Technologies Inc. Announces Finalization of TBX VAPE FREE Product Flavors, issued 23-May-2024 by Redwood Scientific Technologies, LLC over PR Newswire, we are advised by the company that the first paragraph, last sentence, should read "After completing our double-blind, randomized, placebo-based scientific study, the company will focus on ramping up production to millions of strips per month. We anticipate high demand as a first mover in the vape cessation category." and the fifth paragraph, last sentence should read "Christina Hayes resigned from the Redwood Scientific Board of Directors on April 14, 2024. We wish her well in her future endeavors.". The complete, corrected release follows:

Redwood Scientific Technologies Inc. Announces Finalization of TBX VAPE FREE Product Flavors

NEW YORK, May 29, 2024 /PRNewswire/ -- Redwood Scientific Technologies Inc. (OTC: RSCI) is excited to announce the finalization of the first five flavors of its innovative TBX VAPE FREE strips. This product marks a significant milestone as the company works to pioneer the vape cessation category. The TBX VAPE FREE strips are designed to provide a similar sensory experience to vaping. After completing our double-blind, randomized, placebo-based scientific study, the company will focus on ramping up production to millions of strips per month. We anticipate high demand as a first mover in the vape cessation category.

The five finalized flavors have been meticulously developed to meet the preferences of vape users, combining advanced technology with a deep understanding of consumer needs. Redwood Scientific Technologies is confident that TBX VAPE FREE will be the first product of its kind to market, setting a new standard in vape cessation solutions.

This important announcement follows the recent Daily mail story highlighting the dangers of vaping, including the case of a 22-year-old vaping addict who underwent a double lung transplant due to his habit. The story, published on May 18th, underscores the urgent need for effective vape cessation products as e-cigarette sales continue to rise. (Read the full story here).

Jason Cardiff, the company's founder and President, states, "We believe that our new product, TBX VAPE FREE, will be very well received in the marketplace. Now is the time to get control of the global epidemic. It is especially important to point out that the new product we are bringing to market will not have any nicotine in it."

Redwood Scientific Technologies looks forward to bringing these products to market as soon as possible. Christina Hayes resigned from the Redwood Scientific Board of Directors on April 14, 2024. We wish her well in her future endeavors.

About Redwood Scientific Technologies Inc.

Redwood Scientific Technologies Inc., based in New York, is a leader in pharmaceutical innovation. Focused on research and development, Redwood strives to revolutionize the healthcare industry with sophisticated drug delivery systems and pioneering pharmaceutical products. The company's dedication to excellence, precision, and enhancing patient well-being underscores its commitment to finding unique solutions for better therapeutic outcomes. For more information, please visit www.redwoodsci.com.

Contact: Redwood Scientific Technologies Inc.
Media Relations
Email: info@redwoodsci.com 

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SOURCE Redwood Scientific Technologies, LLC

FAQ

What flavors has Redwood Scientific Technologies finalized for the TBX VAPE FREE strips?

Redwood Scientific Technologies has finalized five flavors for the TBX VAPE FREE strips.

What is TBX VAPE FREE by Redwood Scientific Technologies?

TBX VAPE FREE is an innovative product by Redwood Scientific Technologies designed to help with vape cessation by providing a similar sensory experience to vaping but without nicotine.

When did Christina Hayes resign from Redwood Scientific Technologies' Board of Directors?

Christina Hayes resigned from the Redwood Scientific Technologies' Board of Directors on April 14, 2024.

What market position does Redwood Scientific Technologies aim to achieve with TBX VAPE FREE?

Redwood Scientific Technologies aims to be a first mover in the vape cessation category with TBX VAPE FREE, potentially capturing a large market share.

What production capacity is Redwood Scientific Technologies targeting for TBX VAPE FREE?

Redwood Scientific Technologies is targeting to ramp up production to millions of TBX VAPE FREE strips per month.

Does TBX VAPE FREE contain nicotine?

No, TBX VAPE FREE does not contain nicotine.

What prompted the urgency for Redwood Scientific Technologies' vape cessation product?

A recent Daily Mail story highlighting the dangers of vaping and increasing e-cigarette sales prompted the urgency for Redwood Scientific Technologies' vape cessation product.