Nextleaf has announced that it has completed the acquisition of the intellectual property of the nano delivery of cannabinoids, including the foundational processing methodology and two water-soluble formulations.
The negotiation to purchase the IP was initially announced in September according to the company’s press release.
The release goes on to say that the system has been adapted to cannabis, expected to increase bioavailability through nano emulsification to deliver rapid onset of THC, CBD and other cannabinoids.
“The intellectual property we’ve acquired allows consumers to feel the desired effect from cannabinoid infused drinks and edibles in under 10 minutes. We are excited to commercialize this game changing technology by supplying water-soluble THC and CBD solutions through our private label program”, said CEO Paul Pedersen.
Nextleaf’s plan is to seek patent protection around the acquired IP and to produce a new patent family.
“For the past three years our team has focused on developing efficient, patented extraction technology to put distilled cannabinoids into IP-protected delivery formats such as beverages and edibles,” added Pedersen.