VANCOUVER, British Columbia – 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 method of industrial-scale extraction, refinement, and purification of cannabinoids.
The newest U.S. patent relates to post-extraction processing which involves filtration, novel decarboxylation methodologies, and the targeted removal of pigments – all of which generate higher efficiencies and greater throughput prices. The resulting cannabinoid distillate oil is tasteless, odourless, very purified, and prepared to formulate into a wide variety of standardized THC and CBD infused goods.
The Firm also received news of two patents issued from the Canadian Intellectual Home Workplace as effectively as from Intellectual Home 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 house,” mentioned Paul Pedersen, Nextleaf Options CEO. “The issues cannabis corporations have faced in turning intellectual house into patents point to a broader problem in the market, exactly where lots of corporations tout their intellectual house, but handful of have effectively obtained exclusive rights to their inventions. Nextleaf getting granted eight patents by 3 international patent offices in essential markets such as Canada, Australia, and the United States validates our technologies and additional reinforces our vision to create disruptive intellectual house 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 positioning Nextleaf as the preeminent cannabinoid extraction technologies corporation. By applying its IP, Nextleaf has the possible to vastly cut down the expense of CBD and THC oil production.
About Nextleaf Options
Nextleaf Options Ltd. (“OILS”) is creating disruptive intellectual house for industrial-scale extraction, purification and formulation of cannabinoids. OILS owns a portfolio of eight (eight) issued and 24 pending patents pertaining to the production of higher-purity, cannabinoid wealthy distillate, the essential ingredient utilized in the manufacturing of standardized THC and CBD infused goods. The Firm plans to commercialize its intellectual house portfolio via IP licensing and B2B processing solutions after cannabis concentrates grow to be legal across Canada on October 17, 2019.
Nextleaf Options trades as OILS on the Canadian Securities Exchange, OILFF on the OTCQB Marketplace in the United States, and L0MA on the Frankfurt Stock Exchange.