Amyris Announces Receipt of $10 Million Payment from LAVVAN for Delivering on First Major CBD Milestone
Amyris, Inc. (AMRS)
Last amyris, inc. earnings: 3/12 04:15 pm
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Source: GlobeNewswire
EMERYVILLE, Calif., May 20, 2019 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq:AMRS), a leader in the development and production of sustainable ingredients for the Health & Wellness, Clean Beauty and Flavors & Fragrances markets, today reported that it has received from its cannabinoid partner, LAVVAN, a first cash payment of $10 million for having successfully delivered on its first major collaboration milestone as announced on March 29, 2019. “We are very pleased with the continued strong execution of our business strategy and the performance of our technology platform,” said John Melo, President and CEO of Amyris. “We are also encouraged by the progress we’ve made thus far working with our valued partner, LAVVAN, and our collaborative relationship with them on this project, which will be another cornerstone of our growth. Our brands and supply business are having a great year and our technology pipeline is delivering on our partners’ expectations.” “This first milestone further ceme
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