Pivot Pharmaceuticals Inc. announced that its recent Binding Letter of Intent to acquire ERS Holdings LLC's patent for Ready To Infuse Cannabis Technology (RTIC) for food and beverage-based products will permit the company to commercialize K-Cup and Stick Pack cannabis products under the new regulations that took effect in California on January 1, 2018. Pivot will initiate development of emulsified cannabis powder for infusion into beverages as its first commercial product in a soon-to-be-announced facility in Anaheim, California. In December 2017, Pivot signed a Subsidiary Agreement for establishing a California-based facility in order to conduct research, development and commercialization of cannabinoid-based products using certain intellectual property (the ‘IP’) and trade secrets (the ‘Trade Secrets’) for the food and beverage markets. Pivot is currently finalizing plans for a commercial installation. Pivot has positioned itself to introduce its pipeline of products into the market.