Nextleaf Solutions Ltd. announced recently that the Canadian Intellectual Property Office has granted the Company its 13th patent. This patent pertains to 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.”

Nextleaf 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.

The company will be participating in the 3rd Annual Gravitas Growth Conference taking place on 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.

 Nextleaf Solutions 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. Nextleaf Solutions trades as OILS on the Canadian Securities Exchange, OILFF on the OTCQB Market in the United States, and L0MA on the Frankfurt Stock Exchange. *This information republished from Nextleaf Press releases