Nextleaf Awarded U.S. Patent and Provides Update on the Launch of Glacial Gold

Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FWB: L0MA) (“Nextleaf”, “OILS” or the “Company”), a government-regulated manufacturer of cannabis oil that has one of the largest portfolios of US patents for extraction and Distillation of Cannabinoids, is pleased to announce that the US Patent and Trademark Office has granted the company a patent for the design of its cannabis oil refinery.

Nextleaf’s automated extraction and purification facility operates in a facility licensed by Health Canada under the Cannabis Act. The company manufactures and supplies purified CBD and THC distillate ingredients to its wholesale customers and sells Glacial Gold branded vapes and distilled oils.

The company believes it has developed defensible intellectual property around the most efficient methods of making THC and CBD distillate on a large scale within a regulated market. Nextleaf holds 17 unique US patents and has received 90 patents worldwide.

“Developing disruptive technologies to improve the economics of manufacturing highly refined THC and CBD oils has been the focus of Nextleaf for the past four years,” said Nextleaf Co-Founder and CEO Paul Pedersen. “We are excited to validate Nextleaf’s patented high-efficiency ingredient processing technology by bringing unparalleled value to consumers with our Glacial Gold vape and distilled oil products.”

The Canadian cannabis sector is the world’s largest federal legal and regulated market. The worldwide demand and acceptance of CBD-based products continues to increase. In February 2021, herbal CBD was added as a legal ingredient in cosmetics by a major market regulator for trade in the European Union. The United States is also expected to put in place extensive state regulation of CBD products.

Nextleaf leverages its growing intellectual property portfolio to gain a competitive advantage by inexpensively manufacturing cannabis distillate that is standardized for potency and purity. The company’s stack of intellectual property, plus numerous licenses and sales changes from Health Canada, enable the company to expand rapidly into the United States once cannabinoids are federally regulated.

Strong demand for Glacial Gold branded distillate products

Nextleaf is pleased to announce that its wholly-owned subsidiary Nextleaf Labs Ltd. (“Nextleaf Labs”) has supplied a replenishment of all Glacial Gold CBD and THC products to the British Columbia Liquor Distribution Branch (“LDB”), which is British Columbia’s only wholesaler of non-medicinal cannabis.

For the second week in a row, LDB placed reorders for all seven SKUs of Glacial Gold Distilled Oils and Vapes within days of the previous reorder. This latest order is a 300% increase over the original order from LDB and is the third order the company has received since Glacial Gold was listed in mid-September.

To view an improved version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5347/97985_a567331cb439caf4_001full.jpg

Follow Glacial Gold on social platforms: Instagram, Twitter and Facebook.
www.Glacial.Gold

About Nextleaf®

Nextleaf is a government-regulated cannabis oil manufacturer with one of the largest portfolios of US patents for the extraction and distillation of cannabinoids. Nextleaf sells cannabis vapes and distilled oils under its award-winning Glacial Gold brand from the prohibition era and supplies its wholesale customers with cannabis distillate. Nextleaf’s proprietary closed-loop automated extraction facility in Metro Vancouver efficiently converts cannabis and hemp grown in British Columbia and across Canada to high-purity cannabis distillate on an industrial scale. As part of its Health Canada Research License, Nextleaf is developing a delivery technology and differentiated cannabinoid-based formulations with sensory evaluation of cannabis through tests on humans. The company owns 17 US patents and has received 90 patents worldwide.

Nextleaf Solutions is traded as OILS on the Canadian Stock Exchange, as OILFF on the OTCQB market in the United States, and as L0MA on the Frankfurt Stock Exchange.

Follow the company on social platforms: Twitter, LinkedIn, Facebook and Instagram.

www.nextleafsolutions.com

For more information, please contact:
Jason McBride, business development
604-283-2301 (ext. 219)
jason@nextleafsolutions.com

On behalf of the Board of Directors of the Company,
Paul Pedersen, CEO

Certain statements in this press release are “forward-looking statements”. All statements that are not historical facts contained in this news release including, but not limited to, the company’s ability to capitalize on its IP portfolio, the company’s strategy, plans, goals, objectives and objectives, and all of them Statements preceded and followed by the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate” “,” Estimate “,” forecast “,” forecast “,” project “,” search “,” should “or similar expressions or the negative thereof are forward-looking statements. These statements are not historical facts, but merely represent the company’s expectations, estimates and projections of future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. As a result, actual results could differ materially from what is expressed, implied or projected in such forward-looking statements. Other factors that could cause actual results, performance, or achievements to differ materially include the risk factors discussed in the company’s MD&A for the most recent fiscal year. Management makes forward-looking statements in the belief that they will provide investors with useful information in considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. As a result, all forward-looking statements in this press release are limited by these cautionary statements and other warnings or factors contained herein, and no assurance can be given that actual results or developments will be realized or, even if they will materialize, those anticipated Will have consequences for the company. These forward-looking statements speak as of the date of this press release and the company undertakes no obligation to update or revise them to reflect future information, events or circumstances or otherwise, except as required by law. The CSE has not reviewed or approved the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97985

source https://www.bisayanews.com/2021/09/29/nextleaf-awarded-u-s-patent-and-provides-update-on-the-launch-of-glacial-gold/