InvestmentPitch Media Video Discusses Nextleaf Solutions New Patent from U.S. Patent and Trademark Office for the Acetylation of Cannabinoids - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2020) - Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA), Canada's most innovative cannabis extractor, has been granted a patent for the acetylation of cannabinoids. More specifically, the patent by the United States Patent and Trademark Office describes a process for acetylating delta 9-tetrahydrocannabinol ("THC"), and subsequent refinement into THC-O-Acetate.
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Ryan Ko, Chief Technology Officer, stated: "Nextleaf's patented process produces THC-O-Acetate, a cannabinoid-derived metabolic prodrug with potentially very unique medicinal benefits associated with efficient and targeted drug delivery. Anecdotal accounts have reported gradual onset, longer lasting benefits, and altered psychological effects when compared to THC."
Prodrugs utilize various physical and chemical modifications to improve features of active drugs. In other words, a drug remains inactive while in its prodrug form and after being delivered to its target it is metabolized and becomes active, allowing the drug to take effect. Maintaining the integrity of the molecule and its ability to deliver drugs to precisely targeted areas in the body may significantly reduce consumption quantities for desired effects as well as reduce unintended side effects.
Paul Pedersen, co-founder and CEO, stated: "With this new U.S. patent, we are able to efficiently modify and potentially improve upon the medicinal properties of a natural product that has been in use for thousands of years. As large pharmaceutical companies look to enter this space we believe such IP protected processes and resulting products will draw a lot of attention."
Nextleaf owns a portfolio of 14 issued patents and over 60 pending patents for to the extraction, purification, and formulation of cannabinoids. The company commenced revenue in December 2019 from royalties earned on its patent portfolio and expects opportunities to commercialize this new patent through IP licensing to pharmaceutical companies or producing IP protected cannabinoid products where legal jurisdictions allow.
The company's industrial-scale extraction and purification plant in Coquitlam, B.C. has a design capacity to process 600 kg per day of dried cannabis biomass into refined oils. Nextleaf also generates revenues by supplying THC and CBD oils through Nextleaf Labs, a Health Canada licensed Standard Processor.
The shares are trading at $0.30.
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