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Nextleaf Solutions (CSE:OILS) awarded U.S. patent for CBG Acetate

Cannabis
CSE:OILS
15 September 2021 13:00 (EDT)

Source: Nextleaf Solutions Ltd.

Nextleaf Solutions (OILS) has been granted a U.S. patent for its novel process of acetylating Cannabigerol (CBG).

Acetylation is an organic esterification reaction that often uses acetic acid. Nextleaf has already been granted U.S. and Canadian patents for the acetylation of both CBD and THC and the subsequent refinement of CBD-O-Acetate and THC-O-Acetate.

Its latest U.S. patent is for a proprietary production process of modifying the CBG found in cannabis distillate into a prodrug referred to as CBG-O-Acetate.

Paul Pedersen, Nextleaf co-founder, and CEO commented on the new patent.

“We are thrilled to enhance our U.S. patent portfolio with this novel production process,” he said, “that along with our Health Canada licenses, allows Nextleaf to develop and produce truly differentiated cannabinoid-based products through our Specialty Molecules Division.”

Nextleaf believes that the CBG-derived prodrug produced under its patented process may hold significant potential as a therapeutic product.

Research suggests that CBG may be effective in the treatment of inflammation, pain, and nausea, and some peer-reviewed research suggests that CBG in higher doses could be used to treat conditions like Crohn’s disease and cancer.

“CBG is often referred to as the mother cannabinoid as so many other cannabinoids can be derived from its acidic form,” said patent author and Nextleaf Chief Technology Officer Ryan Ko. “This issuance provides further validation for our specialty molecules development roadmap.”

Nextleaf is a federally regulated producer of cannabis oil that owns one of the largest portfolios of U.S. patents for the extraction and distillation of cannabinoids.

Nextleaf Solutions (OILS) is up 15.79 per cent, trading at $0.22 as of 2:47 pm ET.

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