Nextleaf Granted Two Patents for Industrial-Scale CBD, THC Extraction
The United States Patent and Trademark Office has granted Nextleaf Solutions its sixth U.S. patent pertaining to a proprietary chilled cannabinoid extraction process with downstream media treatment and filtration.
The company has also been issued a patent by the Superintendency of Industry and Commerce – the Colombian Government agency that administers intellectual property rights – pertaining to the company’s industrial-scale process of extraction, refinement and distillation of cannabinoids.
Nextleaf’s patented technology allows for lower-quality dried cannabis and hemp biomass to be efficiently processed at scale into a high-purity THC and CBD distilled oil, the key ingredient used in the manufacturing of standardized cannabis 2.0 products. The company believes that as cannabis becomes commoditized, proprietary technology, which allows companies to establish a low-cost competitive advantage, will become a focal point of differentiation and a key driver of long-term value.
“As more governments around the world move to legalize cannabis, we expect to see large multi-national companies, including tobacco and pharmaceutical companies, acquire IP in order to protect their rights as part of their broader strategy to dominate the global market for legal cannabinoid-based products,” said Nextleaf CEO Paul Pedersen. “Recent acquisitions by large players in the sector are evidence of the potential for significant shareholder value creation through the formalization and protection of IP.”
