- Nextleaf Solutions (OILS) has been granted a patent by the United States Patent and Trademark Office
- The patent is for the design of the Vancouver-based cannabis company’s cannabis oil refinery
- The closed-loop, automated extraction and purification plant operates within a facility licensed by Health Canada under the Cannabis Act
- The company believes it has developed defendable intellectual property around the most efficient methods for producing THC and CBD distillate
- Nextleaf Solutions is unchanged, trading at $0.24 at 12:44 pm ET
Nextleaf Solutions (OILS) has been granted a patent by the United States Patent and Trademark Office.
The patent is for the design of the Vancouver-based cannabis company’s cannabis oil refinery.
The closed-loop, automated extraction and purification plant operates within a facility licensed by Health Canada under the Cannabis Act. The company produces and supplies purified CBD and THC distillate ingredients to its wholesale customers and distributes Glacial Gold branded vapes and distilled oils.
The company believes it has developed defendable intellectual property around the most efficient methods for producing THC and CBD distillate at scale within a regulated market.
Nextleaf owns 17 unique U.S. patents and has been issued 90 patents globally.
“Developing disruptive technology to improve the economics of producing highly-refined THC and CBD oils has been the focus at Nextleaf over the past four years. We are excited to validate Nextleaf’s patented high-efficiency ingredient processing technology, by offering consumers unparalleled value with our Glacial Gold vape and distilled oil products,” said Nextleaf co-founder and CEO Paul Pedersen.
The company believes its stack of intellectual property and multiple Health Canada licences and sales amendments position it for rapid expansion into the United States upon cannabinoids becoming federally regulated.
The company also announced its wholly-owned subsidiary Nextleaf Labs has shipped a restock of all Glacial Gold CBD and THC products to the British Columbia Liquor Distribution Branch which is the sole wholesale distributor of non-medical cannabis in British Columbia.
Nextleaf Solutions is unchanged, trading at $0.24 at 12:44 pm ET.
