CLS Holdings USA Awarded Non-Provisional U.S. Utility Patent for Cannabidiol Extraction and Conversion Process
Continues to Bolster its Intellectual Property Protection
LAS VEGAS, June 13, 2018 (GLOBE NEWSWIRE) -- CLS Holdings USA, Inc. (OTCQB:CLSH) “CLS,” a development stage diversified cannabis company operating as Cannabis Life Sciences, is pleased to announce today that it has been awarded a non-provisional U.S. utility patent for cannabidiol extraction and conversion process by the United States Patent and Trademark Office. U.S. patent number 9,950,976 B1.
The patent is directed to a process for the extraction of cannabidiol from any variety of cannabis plants. The extraction process includes a sizing unit wherein raw cannabis plant material is reduced to a uniform size, and a blending unit wherein an extraction solvent is blended together with the cannabis plant material to form an initial extract. The conversion process, wherein the processed extract is combined and processed with an acidic component, involves a separator unit in which solvent is added and a separator organic effluent is obtained.
CLS Chief Executive Jeff Binder commented, “We believe our strong intellectual property differentiates us from many of the operators out there. We will seek to license our proprietary extraction and conversion methodology to other operators to be able to monetize it and help build long term shareholder value.”
About CLS Holdings USA, Inc.CLS Holdings USA, Inc. (CLSH) plans to become a diversified cannabis company and is shifting its corporate strategy to becoming a fully licensed integrated cannabis producer and retailer in Nevada and other states. CLS Holdings USA, Inc. has entered into a definitive agreement to acquire Oasis Cannabis, which is expected to close in the second quarter of 2018.
CLS stands for “Cannabis Life Sciences,” in recognition of the Company’s patent pending proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The Company’s business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services.
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Contact InformationCorporate:Chairman and CEOJeff Binderjeff@clsholdingsinc.com 888-438-9132
Investors:Hayden IRCLSH@haydenir.com 917-658-7878