StickIt Technologies Announces Major Breakthrough in Cannabinoid Technology

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Mar 25, 2024, 09:00 ET

TEL AVIV, Israel, March 25, 2024 /PRNewswire/ -- StickIt Technologies Inc. (the "Company" or "StickIt") (CSE: STKT), an Israeli technology and cannabinoid company, today revealed that StickIt has initiated a substantial leap forward in the consumption methods of cannabinoids. This exciting new product gives rapid effects, discreet delivery and perfect dosing in a fun, contemporary format. Now, consumers can simply use a StickIt SipIt straw, an innovative patented applied solution (watch demonstration here), with their favorite beverage and enjoy imperceptible delivery of cannabinoids while doing so. Within minutes, consumers will feel the long-lasting effects of cannabinoids. Finally, no bitter flavours, no gummy chemicals, and no smoke - just the benefits of cannabinoids.

Eli Ben Haroosh, CEO, commented, "Today marks a monumental day for StickIt Technologies Inc. as we unveil a groundbreaking advancement in cannabinoid consumption. Our new StickIt SipIt straw is not only a testament to innovation but also a step forward in making cannabinoid use seamless, enjoyable, and efficient. This development eradicates the hassle of traditional consumption methods, offering rapid, discreet, and precise dosing without compromising taste or experience. It's a win-win for both consumers and producers, opening doors to untapped markets and elevating the cannabis experience to unprecedented levels. We're not just changing the way cannabis is consumed; we're revolutionizing it."

Shawn Ripley, CTO, added, "We're absolutely thrilled about StickIt Technologies! It's a cutting-edge company with pioneering products constantly in the pipeline. And right here in Calgary, Alberta, my R&D team is transforming the future with a remarkable advance in cannabinoid technology. Presenting our newest creation: the StickIt SipIt straw!"

Cannabinoid producers now have the opportunity to tap into a new, lucrative revenue channel using the StickIt solid-phase technology and mass production systems. To learn more about this exciting, unique process, another global first for StickIt, contact us today at [email protected].

About StickIt Technologies Inc.

StickIt is a technology company that invented and manufactures innovative products ("devices") that can contain varying quantities of CBD/THC for recreational and medical cannabis users. Its operating model is to establish joint ventures/licensees ("partners") in countries around the world that will establish a production facility in which they will add the cannabinoid content to the "sticks" and "straws" produced and supplied by StickIt. The Company's precise dosing options cater to a wide range of effects, including pain-killing, energizing, focus, sleep improvement, etc., and can be tailored to meet local preferences and regulations. StickIt Technologies serves customers worldwide.

Logo: https://mma.prnewswire.com/media/2258883/Stickit_Logo.jpg

For more information, please contact:

StickIt Technologies Inc.
Eli Ben Haroosh, CEO
E: [email protected]

CHF Capital Markets Inc.
Cathy Hume, CEO
T: 416-868-1079 x 251
E: [email protected]

Website: www.stickit-labs.com
Facebook: @Stickit
Twitter "X": @STICKIT74776509
LinkedIn: @Stickit-labs

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any forward-looking statements, other than as required by law. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by StickIt Technologies Inc. Readers are cautioned not to place undue reliance on forward-looking statements.

SOURCE StickIt Technologies Inc.