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Hashish Inventory Information: Nextleaf (CSE: OILS) Awarded Jamaican Patent for its Foundational Extraction System
Vancouver, British Columbia – May possibly 25, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Nextleaf Methods Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) (‘Nextleaf’ or the ‘Company’), a federally controlled maker and distributor of hashish vapes and oils, introduced today the Jamaica Intellectual Home Business has granted Nextleaf a patent for the Company’s foundational procedure for developing substantial-purity CBD and THC components.
Nextleaf’s patented technologies enables for oil-grade hashish and hemp flower to be effectively processed into a superior-purity distilled cannabinoids. The resulting THC or CBD distillate is tasteless, odourless, standardized for potency, and completely ready to use as the hero ingredient in a large assortment of goods, which include vapes, oils, softgels, transdermal or sublingual shipping and delivery, and drinking water-soluble extracts.
The Business has been issued 18 U.S. patents, and over 95 patents globally, on cannabinoid processing which includes extraction, distillation, and acetylation. Nextleaf initially files its patents in the United States to generate a priority day and allow for upcoming filings in other selected jurisdictions. This is widespread in the field of mental home (‘IP’) security. The Company owns issued patents in the United States, Canada, Mexico, Israel, Germany, Australia, Colombia, South Africa, the U.K., and throughout Europe. Nextleaf follows a world wide IP approach of safeguarding the indicates to generating standardized cannabinoid-centered items at scale in just a controlled market place.
Medical hashish is currently authorized in Jamaica and possession of tiny amounts of cannabis was decriminalized in 2015, with residents permitted to mature up to five plants for private use only.
‘This patent reinforces our eyesight of acquiring intellectual property that enhances hashish oil economics globally,’ explained Paul Pedersen, CEO of Nextleaf Alternatives. ‘We believe there will be a regulated professional marketplace for cannabinoid-primarily based products and solutions in Jamaica for the duration of the 20-calendar year everyday living of this patent’.
Nextleaf Troubles Warrants
The Enterprise has issued 500,000 warrants to purchase typical shares of the Corporation to the holder of the convertible take note issued on March 31, 2021 (the ‘Note’). The warrants were issued as consideration for revision of conditions of the Observe and are exercisable at a cost of $.138 for every share for a period of time of 36 months from the day of issuance.
About Nextleaf Answers Ltd.
Nextleaf® is a federally controlled maker and distributor of hashish vapes and oils below its award-profitable prohibition-period brand name, Glacial Gold™. The Firm’s multi-patented component processing know-how transforms cannabis and hemp biomass into high-purity distillate at an industrial scale. Nextleaf is a small-value producer of cannabis oils, and provider of THC and CBD elements to capable wholesale associates throughout Canada. Nextleaf is the 1st publicly traded enterprise to be issued a U.S. patent for the industrial extraction and purification of cannabinoids. The Company has been issued 18 U.S. patents, and more than 95 patents globally, on cannabinoid processing including distillation and acetylation. Nextleaf develops cannabinoid-based mostly formulations and delivery technological innovation via its Overall health Canada Study Licence with sensory evaluation of hashish via human tests. For more data go to and
Nextleaf trades as OILS on the Canadian Securities Exchange , OILFF on the OTCQB Industry in the United States , and L0MA on the Frankfurt Stock Trade .
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Jason McBride, Corporate Growth
604-283-2301 (ext. 219)
On behalf of the Board of Administrators of the Company,
Paul Pedersen, CEO
Certain statements contained in this press launch constitute ‘forward-on the lookout statements’ within just the that means of applicable securities guidelines. All statements other than statements of historic point contained in this push release, which include, with out limitation, statements with regards to the Firm’s mental house(‘IP’), expected IP licensing revenues, and these relating to the Firm’s approach, options, aims, ambitions and targets, and any statements preceded by, adopted by or that include the phrases ‘believe’, ‘expect’, ‘aim’, ‘intend’, ‘plan’, ‘continue’, ‘will’, ‘may’, ‘would’, ‘anticipate’, ‘estimate’, ‘forecast’, ‘predict’, ‘project’, ‘seek’, ‘should’ or very similar expressions or the unfavorable thereof, are forward-searching statements. These statements are not historic specifics but as an alternative represent only the Firm’s anticipations, estimates and projections concerning future activities. These statements are not assures of long run effectiveness and include assumptions, pitfalls and uncertainties that are hard to forecast. Therefore, real results may well differ materially from what is expressed, implied or forecasted in this sort of forward-on the lookout statements. Added components that could cause genuine outcomes, efficiency or achievements to differ materially contain, but are not constrained to the possibility variables mentioned in the Firm’s MD&A for the most new fiscal time period. Administration offers ahead-hunting statements mainly because it thinks they supply useful info to buyers when considering their expense aims and cautions buyers not to area undue reliance on ahead-on the lookout data. For that reason, all of the forward-looking statements created in this press launch are qualified by these cautionary statements and other cautionary statements or elements contained herein, and there can be no assurance that the precise results or developments will be recognized or, even if considerably realized, that they will have the anticipated penalties to, or effects on, the Business. These forward-seeking statements are made as of the day of this push launch and the Enterprise assumes no obligation to update or revise them to reflect subsequent data, events or situation or if not, other than as demanded by law. The Canadian Securities Trade has not reviewed or permitted the contents of this push launch.
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