VANCOUVER, Sept. 10, 2019 /CNW/ - PRESS RELEASE - Nextleaf Solutions Ltd. has announced it has been granted a fifth patent, its fourth in the United States, pertaining to the company's proprietary technology for extraction and post-extraction processing of cannabinoids.
This most recently issued patent integrates a process by which brine is introduced to the crude oil to efficiently remove water-soluble compounds, impurities and any other trace elements of treatment media. The result is a highly pure input, leading to faster processing times for further patented post-extraction processing, resulting in a lower cost per milligram for the highly refined THC or CBD concentrate.
"It has been our vision since inception that intellectual property would become a key differentiator and value creator in the cannabis industry," stated Paul Pedersen, chief executive officer of Nextleaf. "With five issued and 25 pending patents covering what we believe to be the most efficient method of extraction and purification of cannabinoids, Nextleaf is well positioned to monetize our intellectual property as we move into Cannabis 2.0 in Canada and beyond."
OILS remains focused on acquiring, developing, and patenting the industry's most advanced market-proven technology, equipment and processes around the extraction and purification of cannabinoids. The company's patented process yields a tasteless, odorless THC or CBD distillate, manufactured at scale, standardized for potency, and ready for infusion in value-add products, such as vape technology, edible oils and beverages.