VANCOUVER, BC – Nextleaf Options Ltd. (“Nextleaf”, “OILS”, or the “Company”) (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) announced now it has entered into an agreement to obtain intellectual home pertaining to water-soluble cannabinoid formulations. Primarily based about a Nano and Micro Emulsification approach, the technologies utilizes meals grade emulsifiers currently authorized by Overall health Canada. These water-soluble cannabinoids are shelf steady, resulting in no constituent separation, and boast a speedy onset time.
“This nanotechnology increases onset time from more than 90 minutes to much less than 10 minutes when consuming cannabinoids in a beverage. We think this represents a quantum leap for the sector, as quick onset is a pre-requisite for mass industry acceptance of THC and CBD infused drinks.” stated Paul Pedersen, CEO of OILS.
Beneath the agreement, OILS will obtain the processing methodology and ingredient formulation from a private organization led by a group with in depth practical experience in emulsifying hydrophobic molecules into a variety of matrixes. The developers combine professional chemical engineering with tenured practical experience from 1 of the biggest Canadian dairy solution companies. “This is a cannabis particular innovation constructed on verified and validated meals and beverage technologies,” stated Ryan Ko, Chief Technologies Officer of Nextleaf Options. “The technologies and formulation permit for versatile application into hot or cold liquids, semi-strong, or strong mediums. Homogeneity is essential for a dependable customer practical experience so that every single bite or sip delivers a constant quantity of cannabinoids.”
The Company’s proprietary extraction, purification and refinement method paired with the newly acquired water-soluble formulation provides a superior benefit to Nextleaf’s commercialization partners as solutions will represent cleaner ingredient profiles, minimizing the use of additives for flavor masking. OILS has granted an exclusive license to BevCanna Enterprises Inc. (“BevCanna”) (CSE: BEV), a BC-primarily based emerging leader in cannabis-infused beverages, for the use of intellectual home connected to water-soluble cannabinoids for the improvement, manufacturing and sale of BevCanna solutions. Nextleaf also has a provide agreement with BevCanna to supply cannabinoids for the production of their solutions.
As customer packaged goods organizations enter the cannabis infused solution landscape, OILS believes the scalability of its patented technologies and capability to standardize components is what sets it apart. Paul Pedersen, CEO of Nextleaf Options, “as the sector evolves, there’s going to be elevated demand for much more sophisticated processing options to formulate standardized solutions.”
Beneath the agreement, Nextleaf will compensate the developer for the intellectual home upon each and every of two milestones getting met. For the initial milestone, which has now been met, Nextleaf will spend the developer $100,000 in money and challenge Nextleaf frequent shares possessing an aggregate worth of $100,000 via the issuance of 196,078 shares at a price tag of $.51 per share. Upon the developer meeting the second milestone, Nextleaf will spend the developer an extra $65,000 and challenge extra shares possessing an aggregate worth of $300,000, with the price tag per share and quantity of shares getting determined as soon as the second milestone has been met.
About Nextleaf Options
Nextleaf Options Ltd. (CSE: OILS) is establishing disruptive intellectual home for industrial-scale extraction, purification and formulation of cannabinoids. OILS owns a portfolio of eight (eight) issued and more than 28 pending patents pertaining to the production of higher-purity, cannabinoid wealthy distillate, the crucial ingredient applied in the manufacturing of standardized THC and CBD infused solutions. As soon as cannabis concentrates and edibles turn out to be legal across Canada, OILS plans to commercialize its intellectual home portfolio via IP licensing and B2B processing solutions.
Nextleaf Options trades as OILS on the Canadian Securities Exchange (CSE: OILS), OILFF on the OTCQB Market place in the United States (OTCQB: OILFF) and L0MA on the Frankfurt Stock Exchange (FSE: L0MA)