Nextleaf granted Canadian patent for industrial-scale extraction of CBD and THC
The firm says it is focused on commercializing its patent portfolio by licensing IP to partners operating in other legal markets, and supplying THC and CBD oils
VANCOUVER — Nextleaf Solutions Ltd., a Vancouver-based cannabis distillate extractor, announced Feb. 19 that the Canadian Intellectual Property Office has granted the firm its 13th issued patent, which pertains to a proprietary closed-loop chilled solvent feed apparatus for cannabinoid extraction, and mirrors a patent previously granted by the United States Patent and Trademark Office on Nov. 19, 2019.
“When Nextleaf obtained the first patent for the industrial-scale extraction and purification of cannabinoids,” said Taran Grey, director of Intellectual Property for Nextleaf, in a prepared statement, “it broadcast our teams’ demonstrable talent for innovation. To provide greater certainty of that talent, we have now repeated the accomplishment a dozen more times in four jurisdictions, with further patents expected to be granted shortly.”
Nextleaf says it is focused on commercializing its patent portfolio by licensing IP to partners operating in other legal markets, and supplying THC and CBD oils to qualified partners through Nextleaf Labs Ltd., a Health Canada licensed Standard Processor. The firm commenced revenue in December 2019.