Intrexon And Surterra Wellness To Collaborate On Botticelli Next Generation Plant Propagation For Cannabis Cultivation

Intrexon Corporation(NASDAQ:XON), a leader in the engineering and industrialization of biology to improve the quality of life and health of the planet, today announced a strategic licensing agreement with Surterra Wellness (Surterra), one of the fastest growing health and wellness companies in the United States (US), to utilize Intrexon's Botticelli™ next generation plant propagation platform for the production of Surterra's specific cannabis cultivars for the Florida market. The collaboration agreement includes two-stages: 1) an optimization phase in which Intrexon will calibrate its Botticelli™ technology to Surterra's cannabis cultivars; and 2) a production phase in which Surterra will utilize the technology to generate cannabis plantlets for its products, predicted to increase Surterra's production capabilities.