Nextleaf Options Announces Issuance of 3 Patents for Cannabis Extraction

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Nextleaf Options Announces Issuance of 3 Patents for Cannabis Extraction

VANCOUVER, Sep. 18, 2019 (Canada NewsWire by means of COMTEX) —

Most recent awards bring Nextleaf’s intellectual home portfolio to a total of eight (eight) issued patents connected to the extraction, refinement and purification of cannabinoids

Nextleaf Options Ltd. (“Nextleaf”, “OILS”, or the “Company”) (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) is pleased to announce the United States Patent and Trademark Workplace has granted the Firm its fifth U.S patent pertaining to Nextleaf’s proprietary course of action of industrial-scale extraction, refinement, and purification of cannabinoids.

The newest U.S. patent relates to post-extraction processing which contains filtration, novel decarboxylation methodologies, and the targeted removal of pigments – all of which produce higher efficiencies and greater throughput prices. The resulting cannabinoid distillate oil is tasteless, odourless, extremely purified, and prepared to formulate into a selection of standardized THC and CBD infused goods.

The Firm also received news of two patents issued from the Canadian Intellectual House Workplace as properly as from Intellectual House Australia. These patents echo the precedent set by the United States Patent and Trademark Workplace validating Nextleaf’s industrial-scale extraction and post-extraction processing technologies.

“As we’ve observed with transactions like Canopy Development Corp’s US$330 million acquisition of Ebbu Inc. and its portfolio of pending patents, there is considerable shareholder worth creation via the formalization and protection of intellectual home,” stated Paul Pedersen, Nextleaf Options CEO. “The troubles cannabis corporations have faced in turning intellectual home into patents point to a broader situation in the business, exactly where lots of corporations tout their intellectual home, but couple of have effectively obtained exclusive rights to their inventions. Nextleaf becoming granted eight patents by 3 international patent offices in crucial markets such as Canada, Australia, and the United States validates our technologies and additional reinforces our vision to create disruptive intellectual home for industrial-scale extraction, purification and formulation of cannabinoids.”

The OILS group remains focused on expanding its IP portfolio by creating and acquiring the industry’s most sophisticated, effective, and scalable cannabis processing options, and…

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