TORONTO, Nov. 26, 2020 /CNW/ – NEW WAVE HOLDINGS CORP. (the “Company” or “New Wave”) (CSE: SPOR) (FWB: 0XM2) (OTC: TRMND) an investment issuer that provides capital and support services, announced it has entered into a joint venture with The University of West Indies, Mona, Jamaica to conduct drug discovery and highlight knowledge of medicinal plants in Jamaica.
The purpose of this joint venture/partnership is to develop techniques using local microclimate conditions and local research and commercial advantages to explore various natural products and patent opportunities and to conduct drug discovery and highlight knowledge of medicinal plants in Jamaica.
The Parties wish to explore opportunities for:
- research and development of therapeutic drugs and natural health products that are derived from local plants and fungi;
- commercial activities that can exploit patents, and other research results, concerning local biodiversity;
- advancing the knowledge of medicinal plants in Jamaica;