Nextleaf Solutions Granted Canadian Patent for Industrial-Scale Extraction of CBD and THC

Published: February 20, 2020

Nextleaf Solutions Granted Canadian Patent for Industrial-Scale Extraction of CBD and THC

Nextleaf Solutions Ltd., Canada’s most innovative cannabis extractor, announced that the Canadian Intellectual Property Office has granted the Company its 13th issued patent.  This patent pertains to a proprietary closed loop chilled solvent feed apparatus for cannabinoid extraction, and mirrors a patent previously granted by the United States Patent and Trademark Office on November 19, 2019.

“When Nextleaf obtained the first patent for the industrial-scale extraction and purification of cannabinoids,” said Taran Grey, Director of Intellectual Property, “it broadcast our teams’ demonstrable talent for innovation. To provide greater certainty of that talent, we have now repeated the accomplishment a dozen more times in four jurisdictions, with further patents expected to be granted shortly.”

In an environment where Life Science patent applications have a pending to issuance success rate of less than 50%, Nextleaf’s 100% success rate is unparalleled. OILS is focused on commercializing its patent portfolio by licensing IP to partners operating in other legal markets, and supplying THC and CBD oils to qualified partners through Nextleaf Labs Ltd., a Health Canada licensed Standard Processor. The Company commenced revenue in December 2019.

Nextleaf Solutions to Present at the Third Annual Gravitas Growth Conference

OILS will be participating in the 3rd Annual Gravitas Growth Conference taking place February 20th, 2020 at the Fairmont Pacific Rim Hotel in Vancouver, BC.

Nextleaf CEO, Paul Pedersen, is scheduled to present on Thursday, February 20th at 2:35 PM PST.  “I look forward to sharing our plans for 2020 at the Gravitas Growth Conference” said Pedersen.

The Gravitas Growth Conference features 18 companies and is expected to be attended by over 250 individuals. For additional details about the conference and Gravitas Securities Inc., please visit: www.gravitassecurities.com.

About Nextleaf Solutions
OILS is developing disruptive intellectual property for extraction, purification, and formulation of cannabinoids. The Company owns a portfolio of 13 issued patents pertaining to the industrial-scale production of high-purity, cannabinoid-rich distillate, the key ingredient used in the manufacturing of standardized THC and CBD based products. Nextleaf Solutions commercializes its intellectual property portfolio through IP licensing, and supplying THC and CBD oils through Nextleaf Labs, a Health Canada licensed Standard Processor.

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