New partnership uses blockchain to promote credibility and quality in legal cannabis, CBD industry
Covalent CC LLC and Qredible® partner to provide essential trust and transparency solutions to the regulated cannabis and CBD spaces
LAS VEGAS, Jan. 10, 2023 (GLOBE NEWSWIRE) — Covalent CC LLC (“Covalent”), a premium cannabinoid supplier, is excited to announce that it has partnered with Qredible®, the cannabis industry’s first blockchain-backed digital registry and integrated network of validated and verified suppliers. For both companies, the partnership is a crucial step forward in achieving increased visibility in the legalized cannabis, CBD and hemp industries.
Covalent’s President and Founder Kelly Ann Bortman is enthusiastic about how this partnership will impact the industry. “We want to thank Qredible for coming to market with a verification process that will standardize the industry as a whole, from CBD to nutraceuticals,” Bortman said. “Qredible’s efforts ensure that the end user receives the product and ingredients as advertised. Correct use of the products will be clearly stated. Full transparency is important to Covalent, and Qredible will deliver this necessary benefit.”
The partnership enables Covalent to better serve customers by verifying raw materials used in production. The Qredible collaboration will help Covalent maintain strong business relationships, particularly with financial institutions. “Banks, for example, want to see a full certificate of analysis (COA) on raw materials and ingredients,” Bortman said. “Qredible’s blockchain-enforced vault provides a huge umbrella of comfort for financial institutions knowing that what they are reading has not been altered.”
The end goal of the partnership is for every business and consumer in Covalent’s network to be in the Qredible system. “It is critical that all companies that touch consumer goods, including all CBD, hemp and cannabis companies, have access to this platform,” Bortman said. “I look forward to the expansion and adoption of Qredible worldwide.”
Qredible’s Chairman and CEO Brian Fitzpatrick is enthusiastic about the partnership. “Covalent has been a key partner and they are among the first to harness the power of Qredible’s Q-Trust
Platform,” said Fitzpatrick. “Covalent is hyper-focused on quality. They go out of their way to ensure their customers have full transparency in their relationship, making them an ideal partner for Qredible. We couldn’t be more excited to have Covalent as a launch partner.”
The Covalent and Qredible partnership was launched on 1 December and became fully operational on 1 January 2023.
About Covalent CC, LLC
Covalent Custom Cannabinoids is a premier US hemp-derived cannabinoid B2B wholesaler and supplier of custom CBD and nutraceutical finished products.
(702) 766-4367
[email protected]
955 Grier Drive
Suite B
Las Vegas, NV 89119
About Qredible
Qredible is a purpose-built digital registry and integrated network of validated and verified businesses operating in the legalized cannabis, CBD and hemp industries.
(844) 787-7330
[email protected]
7900 Oak Lane
Suite 400
Miami Lakes, Florida 33016
For press enquiries, please contact:
Michelle Melton
NisonCo Public Relations
(917) 545-5291
[email protected]
