Nextleaf has patented cannabis extraction technology, which is both scalable and repeatable. The new technology boosts the creation and formulation of premium-infused products consistently at mass-market scale.
In a statement, the Vancouver-based company said that based around a nano and micro emulsification process, the technology utilizes food-grade emulsifiers already approved by Health Canada. The water-soluble cannabinoids are “shelf stable,” resulting in no constituent separation, and boast a rapid onset time, said the company.
"This nanotechnology increases onset time from over 90 minutes to less than 10 minutes when consuming cannabinoids in a beverage,” said CEO Paul Pedersen in a statement.
“We believe this represents a quantum leap for the industry, as fast onset is a pre-requisite for mass market acceptance of THC and CBD infused drinks," he added.
According to the agreement, Nextleaf Solutions will acquire the processing methodology and ingredient formulation from a private company led by a team with experience in emulsifying hydrophobic molecules into various matrixes. The company said the developers combine expert chemical engineering with experience from one of the largest Canadian dairy product manufacturers.
"This is a cannabis specific innovation built on proven and validated food and beverage technology," said Ryan Ko, who is the chief technology officer at Nextleaf Solutions.
"The technology and formulation allow for versatile application into hot or cold liquids, semi-solid, or solid mediums. Homogeneity is crucial for a reliable consumer experience so that every bite or sip delivers a consistent amount of cannabinoids," explains Ko.
Nextleaf Solutions' proprietary extraction, purification and refinement system paired with the newly acquired water-soluble formulation gives a superior advantage to the company’s commercialization partners as products will represent cleaner ingredient profiles, minimizing the use of additives for flavor masking.
Under the agreement, Nextleaf will pay the developer for the IP on two milestones being met. For the first milestone, which has now been met, Nextleaf will pay the developer $100,000 in cash and issue Nextleaf shares worth $100,000, by issuing 196,078 shares at a price of $0.51 per share.
On meeting the second milestone, Nextleaf will pay the developer an additional $65,000 and issue additional shares worth $300,000, with the price per share and number of shares being determined once the second milestone has been met.
Nextleaf is a British Columbia-based cannabis extraction technology company, it takes next-level extraction and purification processes to get tasteless, odourless and standardized THC and CBD distillates.
Contact Uttara Choudhury at [email protected]
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