Intrexon (NASDAQ:XON), Surterra Wellness Collaborate On Plant Propagation For Cannabis CultivationPosted by On

Intrexon Corporation (NASDAQ: XON) announced Monday that it entered a strategic licensing agreement with Surterra Wellness to utilize its plant propagation platform, Botticelli. Surterra will use Intrexon’s technology for the production of specific cannabis cultivars in the Florida market.

Botticelli is Intrexon’s next-generation tissue culture technology that aims to replace cloning while improving downstream processes and products. The company touts the technology’s ability to rapidly multiply plant lines to offer more control of inventory, in addition to eliminating disease risk in clones.

The agreement is a two-stage collaboration. In the first stage, Botticelli will calibrate to Surterra’s cannabis cultivars for improved optimization. In the second stage, Surterra will use the technology to generate cannabis plantlets for its products while likely increasing…

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