Cannabis Stock Interview Alert; CEO of Global Cannabis Applications Corp. (CSE: $APP.C) (OTC: $FUAPF)

 

Delta, Kelowna, BC - April 30, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today's special edition of cannabis news and stocks to watch plus insight from thought leaders and experts, featuring an exclusive interview with Brad Moore, CEO of Global Cannabis Applications Corp. (CSE: APP) (OTC: FUAPF).

Global Cannabis Applications Corp, ("GCAC") is a global leader in designing, developing, SaaS licensing and acquiring innovative blockchain data technologies for the medical cannabis industry.

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Investor Ideas Potcasts, Cannabis News and Stocks on the Move: Interview with CEO of Global Cannabis Applications Corp. (CSE: APP) (OTC: FUAPF)

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Brad Moore, CEO of Global Cannabis Applications Corp. (CSE: APP) (OTC: FUAPF) discusses the recent launch of the GCAC token on Uniswap as part of a digital marketing campaign aimed at the one million decentralized finance user community 'DeFi,' as well their definitive three-year software licensing agreement with Herb Industries Ltd., a Malta-based medical cannabis cultivator.

Commenting on the GCAC Uniswap token Moore said, "A large portion of our consumer base, and when I say our consumer base I'm talking about the CBD, recreational marijuana and medical cannabis consumer base, are people between ages 30 to 45, millennials starting families and also the people willing to use cannabis products, and cannabis as a whole, without a lot of the preconceptions and stereotypes. They are more open to ideas and understanding, and because they're more open, they have also embraced cryptocurrencies. We understand that this is a target demographic. The reason we did the GCAC token marketing program part of the opportunity, is because our whole business is based on the Ethereum Blockchain. Actually we were the first cannabis company globally to announce our Ethereum 2.0 rollup-centric roadmap. So, it only makes sense that we start marketing to like-minded people."

Moore continued, "So, we entered into a two-year marketing contract with Abbey Technology in Switzerland and they designed and published the GCAC token on Ethereum, that token went out and now 400+ people who didn't know about what GCAC did with Efixii and our QR Code system now did, and that's important. At the same time, what we did was purchase a bunch of the GCAC tokens on the open market and now we've got a nice Ethereum cryptocurrency-based asset for our balance sheet. So, for all our shareholders it was a pretty good move. If it's good enough for Elon Musk to put Bitcoin on Tesla, it's good enough for Brad Moore out of Vancouver. So, for at least the next two years, we've committed to put 1% of our top line revenue into this Abbey Technology marketing program to create awareness and to keep it going. The best way to keep awareness going is to buyback GCAC tokens with this 1% after each and every financial quarter."

As reported last month on Global News, "Tesla (NASDAQ:TSLA) customers could now buy its electric vehicles with bitcoin marking a significant step forward for the cryptocurrency's use in commerce."

"You can now buy a Tesla with bitcoin," Musk said on Twitter, adding that the option would be available outside the United States later this year.

For GCAC, their multi-year marketing campaign aims to raise awareness of its Citizen Green products and it's Efixii 'QR codes' by launching a Uniswap token on the Ethereum blockchain with the Company's name, logo and website visible to all of the Uniswap community.

GCAC's Uniswap-inclusion marketing initiative is to commit to a marketing-spend of 1% of its quarterly sales revenue buying GCAC tokens on Uniswap every 3 months. Each Uniswap token-buy should lead to greater awareness of the Company's products and drive potential new cannabis consumers to look for Efixii 'QR codes' on the products they are purchasing on-line.

Moore went on to discuss how their recent deal with Herb Industries ties in with their recent marketing campaign. "When you take a look at Herb Industries, by far our biggest deal, they're projected to do 44 million grams in 2022, and you look at my goal for 98 million grams by next year, that's pretty much 50% of that target in that one deal alone. With the revenues that we bring in, up to a potential $160,000 buying GCAC tokens on the Uniswap market, so it's very timely that the deal closed, and we planned to do the token marketing around 4/20, because it shows we are committed to marketing to this demographic. We want consumers to know that, with Efixii, there's a better and safer way to consume cannabis products."

GCAC is licensing its Citizen Green Efixii platform as part of Herb's 'technology farm' for use in its cannabis compliance and consumer transparency platform. Herb's advanced-growth-method handles all production lifecycles from genetics, cannabis nursery, onsite ISO laboratory and extraction. Licensed by the Maltese government, Herb's 12,000 SQM facility's manufacturing lines will export to other EU members' markets for pharmaceuticals, solids, semi solids, liquids, flowers, cosmetics and edibles.

GCAC's Software-as-a-Service license model meets the needs of cultivators as they scale. Cannabis lifecycle steps are represented by GCAC's Efixii QR-code which can be scanned by customs officials, regulators, medical professionals and consumers alike to ensure that products are what they claim to be. GCAC charges a one-time configuration fee of $12,500 (USD), $50 per registered employee per month for KYC/AML, an export fee of $75 per cannabis batch and a consumer Efficacy-QR-code fee of $75 per retail product; in total, these fees generate CDN$.20/gram with a further potential yield of CDN$.18/gram in future data sales.

"44M grams in 2022 and 66M grams every year thereafter is an absolutely massive revenue opportunity for us on a per gram basis" states GCAC's CEO, Brad Moore. "And just as important, is knowing that tens of thousands of EU consumers trust Efixii's QR-codes to give them, and their families comfort knowing what they are ingesting is the safest and best product for them, thereby cementing our efficacy commitment of better outcomes for medical cannabis patients and recreational consumers."

The European cannabis market is the largest in the world, with a forecast CAGR of 67.4% set to value the market at €3.2 billion by 2025. The growth of the EU market since 2019 is attributed to consumer demand for CBD and the upgrading of regulations for medical cannabis. Key to meeting those regulations and building consumer confidence will be Herb's use of the Efixii compliance platform. Efixii enables growers' staff to record all events for cannabis cultivations, including mother plant, laboratory tests, shipment, processing and customs.

Moore went on to discuss in more detail his personal story dealing with cancer and the difficulty navigating the current medical cannabis landscape, the long term potential of the Efixii QR Code system for the medical cannabis industry as well as how blockchain could influence the future of cannabis regulations.

"I really want people to understand this. In the same way that cryptocurrency has upended banking, blockchain, in our industry, can help create the framework for meaningful regulations and better cannabis products."

About Global Cannabis Applications Corp. "GCAC"

GCAC is a global leader in designing, developing, SaaS licensing and acquiring innovative data technologies for the medical cannabis industry. The Citizen Green and Efixii platforms are the world's first end-to-end - from patient to regulator - medical cannabis data solutions. They use six core technologies: mobile applications, artificial intelligence, RegTech, smart databases, Ethereum blockchain and GCAC smart rewards. These technologies transparently disclose cannabis chain-of-custody events, thereby enabling patients to provide crowd-sourced medical cannabis efficacy data. Driven by digital and cannabis industry experts, GCAC is focused on generating revenue from SaaS licensing its technology and acquiring high quality cannabis datasets that improve patient outcomes and to become the world's largest cannabis efficacy data provider.

For more Company information, please visit www.cannappscorp.com, or review its profiles on www.sedar.com and on the Canadian Securities Exchange's website www.thecse.com.

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#Fintech / #ArtificialIntelligence #Stock News (OTC: $GTCH) (NYSE: $V) (NASDAQ: $PYPL) (TSXV: $MTRX.V) (OTCQB: $RACMF)- the future of #payments; @Visa @PayPal @LoopInsights

#Fintech / #ArtificialIntelligence #Stock News (OTC: $GTCH) (NYSE: $V) (NASDAQ: $PYPL) (TSXV: $MTRX.V) (OTCQB: $RACMF)- the future of #payments; @Visa @PayPal @LoopInsights

 

Point Roberts WA, Vancouver BC – April 29, 2021 – Investorideas.com (https://www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) and Fintech issues a sector snapshot looking at how AI will play a leading role in the future growth of the credit card/payment industry, featuring emerging technology company, GBT Technologies Inc. (OTCPINK:GTCH).  

 

Read this article, featuring GTCH in full at https://www.investorideas.com/news/2021/artificial-intelligence/04291Fintech-Stocks.asp

 

According to Fortune Business Insights, “The global payment processing solutions market size is expected to showcase exponential growth by reaching USD 116.17 billion by 2027. This is attributable to the increasing adoption of value-added services by major fintech firms, along with the growing demand for payments through credit & debit cards that is leading the developers to introduce advanced payment solutions globally.”

 

“The emergence of advanced technologies has led to a massive overhaul in the operations of several fintech firms and major banks globally. They are adopting modern technologies such as artificial intelligence (AI) and machine learning to provide their customers with contextual and customized payment solutions. This is driving the demand for advanced payment solutions to enable fast, simple, and secure business transactions. Furthermore, the surging use of credit and debit cards over cash is likely to boost the global payment processing solutions market growth in the forthcoming years.”

 

Having previously announced several patent filings in the AI space, GBT Technologies Inc. (OTCPINK:GTCH),  a development stage company for Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms, recently announced applications for the fintech payment space.  The Company announced it had filed with the US Patent and Trademark Office (“USPTO”), a provisional patent for systems and methods of a financial software application to prioritize and consolidate credit cards charge system. The system will be offered as a web-based and mobile application. The system is targeted to use GBT’s patented database management technology and empowered by its Artificial Intelligence technology. The software design contemplates an automatic, characterized, and prioritized consolidation of different credit cards into one card method, point of sale, smartphone applications and computer software.

 

When a credit card user is using his/her account, in most instances the selection of the card is done arbitrarily or by credit availability. In many cases the credit card user is not utilizing his/her other cards lower interests and benefits. The patent protects an automated software tool and method that would combine all of his/hers credits cards accounts into one credit facilitate account. This one credit system, automatically prioritize and charges according to the user’s best interest. Furthermore, it will “consolidate” all the line of credits from his/her differ credit cards into one “large” line of credit. The one credit system accumulates the users’ credit cards available credit into one account. When a transaction is made, the system searches the user’s most beneficial credit account and charges or allocates the amount to it.

 

The system will be managed by GBT’s Artificial Intelligence technology and use it’s patented, database sharing method to enable high performance and security. The system will consider the best financial aspects of all credit card account, automatically selecting the user’s best interest one. Among these aspects are lowest interest rates, membership fees, cash advanced, line of credit, benefits like mileage, gift certificates, and similar. The assigned application number is 63175564 and the filing date is April 16, 2021. The company intends to file a nonprovisional application during the next few months.

 

“We are excited to start another activity of implementing our technology in wide variety of domains. This one is in the financial arena. This patent aims to protect a prioritized, characterized credit card system to automatically enable making the best financial decision with user’s credit cards. The technology covered by the patent application contemplates the automatic ranking of the user’s credit card benefits like interest rate, reward programs and similar and use the one with the highest rank to execute charges. In this way users will be always using their best interest financial credit account. The system will combine all user’s credit accounts and will enable consolidation of all credit lines into one account. Our Artificial Intelligence technology will be the brain to empower the entire system and we’ll be implementing our patented database management technology for fast performance and high security. Our AI system will enable a personal “credit advisor” that helps with all credit lines financial decisions, always keeping in mind the user’s best interest. This is the first time that we will be using our technology in the financial arena and we look forward for further future expansion in this domain,” stated Danny Rittman, the Company’s CTO.

 

In February, Visa Inc. (NYSE: V ) announced VisaNet +AI, a suite of AI-powered services that address long-standing challenges and pain points for banks, merchants and consumers - including delays and confusion with managing account balances and the unpredictability of daily settlement for financial institutions. VisaNet +AI comprises several innovative concepts and new value-added services, including Visa Smarter Posting and Visa Smarter Settlement Forecast, as well as Visa Smarter Stand-In Processing (Smarter STIP), a capability announced in August of last year. These innovations harness Visa’s high-performance AI platform to help make payments more predictable, transparent, and speedy.

 

"Our clients, partners and cardholders look to us for actionable data-driven insights to better manage their businesses and financial lives, especially during these unprecedented times. Today we’re announcing a set of services that use AI to make it easier for consumers to manage their accounts, and for financial institutions to manage their business," said Jack Forestell, Executive Vice President and Chief Product Officer at Visa. "With our investment in AI infrastructure, we’re unlocking novel, real-time solutions to complex problems. This is just the beginning of what we can do with the predictive power of AI."

 

PayPal Holdings, Inc. (NASDAQ: PYPL) talks about how they are using “ Machine Learning and Artificial Intelligence Lead to Higher Authorization Rates.” 

 

“Optimizing the payment experience: Ensuring high probability of approval & decline prediction  We’ve all been there. We are ready to make a high-value purchase that we’ve spent weeks thinking about, maybe a new gaming console, a designer handbag or a vacation rental. And surprise, surprise, the transaction is declined, even though we are well below the card limit.”

 

“But now, by combining historical trends and transaction variables, PayPal’s machine learning models can help predict in advance if a user’s card will be declined for a transaction and prevent the purchase from being completed. If a decline is predicted, we can create a custom experience for the user that will ensure a valid purchase goes through, which has resulted in improvement of auth rates between 60-240 bps for certain merchants. For example, we can surface a different payment method within a user's PayPal wallet that has been successful in the past. We can also prompt a secondary form of authentication using 3D-secure or request a CVV to make sure the user is who they say they are.”

 

Another smaller player in the sector, Loop Insights Inc. (TSXV:: MTRX) (OTCQB: RACMF), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, also uses AI and IoT saying, “Like the internet connects websites, Loop connects physical locations – providing the data connectivity that will level the playing field between brick and mortar retailers and online giants.“ 

 

One of their technologies, SmarTap, “infuses Loop’s cloud-based artificial intelligence with an NFC (Near Field Communication) reader to create a smart engagement platform suitable for a multitude of applications, including check-in processes, venue tracing, loyalty programs, and marketing. Users simply tap their mobile device to access a streamlined, contactless experience—which is more important than ever before.”

 

Looking at the sector, innovation through AI to simplify the payment process for both consumers and retailers is coming from both small and large corporations. The future is clearly one of contactless payments and has been even further accelerated by the Covid-19 pandemic.   

 

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

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#Mining/#GreenEnergy #Stock Video alert - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - Interview with CEO Craig Taylor; @DefenseMetals

#Mining/#GreenEnergy #Stock Video alert - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) - Interview with CEO Craig Taylor; @DefenseMetals

 

Vancouver, British Columbia – April 29, 2021 - Investorideas.com Newswire –Media alert for Defense Metals Corp. ( TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D). The company was featured in the following video interview on the Stock House Stock Talk Vodcast Series.

 

Defense Metals Corp Video Q&A with CEO Craig Taylor 

https://www.youtube.com/watch?v=c21cq9HrIBM

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/04291DEFN-Craig-Taylor-Interview.asp

 

About Defense Metals Corp. https://defensemetals.com/

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Forward Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to finding partnerships, securing potential offtake agreements, and other business opportunities, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

 

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#CannabisExtraction #Stocks in the News (CSE: $XTRX.C) (TSX-V: $RTI.V) (TSX: $VLNS.TO) (CSE: $OILS.C) @adastra_labs @RadientInc @TheValensCo @nextleaf_oils

#CannabisExtraction #Stocks in the News (CSE: $XTRX.C) (TSX-V: $RTI.V) (TSX: $VLNS.TO) (CSE: $OILS.C)  @adastra_labs @RadientInc @TheValensCo @nextleaf_oils

 

Point Roberts WA, Delta, BC –April 29, 2021 - Investorideas.com, a leading investor news resource covering cannabis and hemp stocks releases a special report on the accelerated growth within the extracts and “Cannabis 2.0” categories as more companies further distribution and expand R&D capabilities, featuring Phyto Extractions Inc. (formerly Adastra Labs Holdings Ltd.) (CSE:XTRX).

 

Read this article, featuring XTRX in full at https://www.investorideas.com/news/2021/cannabis/04291Cannabis-Extraction-Stocks.asp

 

The global cannabis extract market size was valued at USD 7.3 billion in 2019 and is anticipated to register a CAGR of 16.6% over the forecast period to 2027 says Grandview Research.

 

 

One company set to capitalize on this extract growth is Phyto Extractions Inc. (formerly Adastra Labs Holdings Ltd.) (CSE:XTRX). Phyto Extractions™ is an agricultural-scale cannabis extraction, distillation and product manufacturer located in Langley, BC at its co-located Health Canada Licensed Standard Processing (extraction and products, no cultivation), Sales (extracts, topicals and edibles) and R&D through Adastra Labs Inc. and Analytical Testing Laboratory through Chemia Analytics Inc.

 

According to Phyto Extractions news, “The current cannabis extract market has seen a huge boom in sales from the past year, in which demands for cannabis extracts are rising steadily. Canadian cannabis extract sales observed an exponential 315% growth rate for the past two years, from 320,201 non-medical sales in Oct. 2019 to 1,328,769 sales in Oct. 2020, and over 200% sales growth rate including all medical and non-medical sales. Rising demand for cannabis extract products requires reasonable supplies from producers for cannabis enthusiasts.”

 

The Company recently announced that it has received its Health Canada R&D license addendum in Adastra Labs Inc. that will permit some limited human testing by licensed researchers administering or distributing cannabis to human research subjects using cannabis obtained from a holder of a license for processing in the final form of cannabis.

 

This R&D license addendum will permit the Company to conduct in-house human testing for taste of various cannabis products for assessment of taste, sights, smell, or touch of cannabis.

 

"We look forward to initiating human-studies and generating valuable consumer-based data to support our product development pipeline and continue delivering high-quality efficacious cannabis products to Canadians," stated Dr. Kyle Boniface, PhD.

 

The Company also announced on April  21^st they are now producing cannabis shatter products for the Canadian market after wholly-owned subsidiary Adastra Labs Inc.'s commissioning of new hydrocarbon extraction equipment ahead of schedule.

 

From the news: “With the arrival of the ExtractionTek Solutions MeP XT70 system, a high-performance hydrocarbon extractor, the team at Phyto Extractions can now process over 400 KG per day of cannabis biomass into a variety of hydrocarbon cannabis concentrate products. Focused on shatter production currently, this translates into over 50kg of high-quality product output per day.”

 

From the news: “Phyto Extractions™ has launched three new shatter cannabis products: Pink Kush, Blue Gorilla OG, and D. Bubba that will serve the over 9 million Canadians currently in the cannabis market with its one-gram offerings. The Company's increasing market share in the disposable vape, vape cartridge, and live resin markets, strengthens the brand's launch of its new flagship 'shatter' product line.”

 

From the news: “With relatively few players in the niche of shatter product space in Canada, this market expansion represents a significant opportunity given the forecasted growth of the Cannabis extract market.”

 

Shatter video: https://youtu.be/Bo4VWLSAT7o

 

Radient Technologies Inc. (TSX-V: RTI) (OTCQX: RDDTF), a  cannabis company utilizing a proprietary extraction and downstream processing platform, in December 2020 announced its licensing agreement with Tunaaaaroom to manufacture and distribute a wide range of premium cannabis extracts targeting recreational cannabis consumers in Canada. Radient will make use of its Health Canada Cannabis Research and Analytical Testing licenses to fully characterize the Tunaaaa strains and evaluate the sensory qualities of extracts formulated to mimic the specific terpene profiles and containing differing cannabinoid profiles and potencies.

 

Based in Edmonton, Tunaaaa has spent over six years developing the genetics for over 1,000 high-quality cannabis strains containing proprietary terpene profiles. Through this licensing deal, Radient will gain access to Tunaaaa’s specific genetics and will engage the Tunaaaa breeders as consultants to help drive product development.

 

Radient will further make use of its Standard Processing and Sales Licenses to rapidly launch premium distillate dab and vape extracts. Radient plans to bring Tunaaaa’s vast catalogue of unique flavours to the market with monthly drops of new terp profiles. Radient and Tunaaaa will also work in collaboration on CBD and CBN distillate dabs to create additional unique terpene extract products for recreational cannabis consumers.

 

Future Radient extract products may include Cannabis 2.0 products like diamond, shatter, caviars, live rosin, terp sauce as well as micro cannabinoid isolates and edibles.

 

The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF), a leading manufacturer of cannabis products, specifically in the Cannabis 2.0 product category recently announced expansion of its distribution in both Manitoba and the Yukon, having entered into an agreement with the Manitoba Liquor & Lotteries Corporation to supply and distribute a wide range of cannabis products to LGCA-licensed private retailers in the Province of Manitoba, as well as its entry into the Yukon market with a cannabis purchase and sale agreement with the Yukon Liquor Corporation (YLC). With this agreement, Valens expands its distribution network to five provinces in the country.

 

"Expanding our domestic distribution capabilities is one of our top strategic initiatives to drive growth this year and beyond," said Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valens Company. "Our entry into the Manitoba market takes us a step further toward capturing larger market share and bringing the Valens advantage to consumers in a new province, enabling greater access to our high-quality products across Canada."

 

"Our entry into the Yukon market not only furthers our ability to capture market share in Canada, but also broadens the selection and quality of products that consumers in the territory can access," continued Tyler Robson. "We have made significant progress growing our cannabis distribution network and we expect to increase our national position in the short-term as we continue discussions with other private and government-regulated retailers across the country."

 

Valens has already shipped several products to the province, including A1 Cannabis' Summit 10 THC beverages, Verse Cannabis' Tropic Lemon and Sunset Peach vape carts and 1:20 CBD oil, with additional product formats across various categories expected to be shipped in the coming weeks.

 

Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF), the world's most innovative cannabis processor, announced in March, 2021 that it has commenced human trials of cannabis vapes.

 

Under its amended Cannabis Research Licence from Health Canada, Nextleaf is collecting sensory evaluation data from qualified volunteers completing organoleptic assessments of a wide variety of formulated cannabis vape products. The Company is comprehensively testing a range of cannabinoid and terpene formulations, including how various vape hardware interacts with different formulations. Nextleaf expects to accelerate product development and drastically shorten design cycles for launching new cannabis vape products by validating formulations and delivery technologies more efficiently.

 

Forbes wrote a feature around Nextleaf's human trial program on March 30, 2021 and the article can be read here.

 

"The amended Cannabis Research Licence allows Nextleaf to rapidly formulate a wide variety of cannabis products and administer samples to volunteer research participants," said Nextleaf Solutions R&D Lead, Dr. David Novitski. "The ability to provide commercial partners with data-based consumer insights around taste and overall user experience is a true game changer for product development."

 

Since becoming legal in Canada, vapes have emerged as the clear leader of all cannabis 2.0 products. According to the most recent data from the Ontario Cannabis Store, the vape category ranks second only to dried flower with 15.7% of all Ontario cannabis sales. In more mature adult-use markets like Colorado, Oregon, and Washington, the market share for cannabis vapes reached as high as 22.3%, according to data from Headset. As Canada continues to roll out brick and mortar cannabis retail stores, the vape segment is expected to continue to increase in overall size and market share. The Company believes the CBD vape subcategory could see significant growth should Health Canada regulations change to allow for increased legal access to CBD products. Nextleaf plans to validate its proprietary CBD vape technology under its amended Cannabis Research Licence.

 

Collecting data-based consumer insights is particularly important in an increasingly competitive market in which initial product launches can dictate the long-term success of a brand.

 

"There are a lot of subpar vape products available in the market today that have not gone through rigorous testing and human trials," said Nextleaf Solutions CEO Paul Pedersen. "Issues such as poor taste, clogging, leaking, and crystallization in CBD vapes are well documented throughout the industry. Collecting consumer feedback during product development is key to launching differentiated cannabis 2.0 products that provide consumers with a positive experience and value."

 

Considering the recent cannabis investments by large pharmaceutical and tobacco companies, it is apparent that generating and protecting intellectual property is becoming more important in the next phase of the industry's maturation. Management believes Nextleaf is well positioned with its product innovation pipeline and success securing issued patents in the United States. Nextleaf owns 12 US patents and has been issued over 70 patents globally. Innovation is core to Nextleaf's value proposition, and its ability to differentiate with its patented and patent pending cannabinoid delivery technologies and formulations. The amended Cannabis Research Licence allows Nextleaf to continue to develop, validate, and strengthen its R&D within a federally legal market.

 

As we see more extract companies expanding their R&D and distribution capabilities, we see a three-fold gain to the industry. This will create accelerated growth and competition in the category, higher quality products for consumers which will be more effective through proper research, as well as important industry data points through having access to proper research techniques which can have a massive benefit to both the medical and recreational market moving forward.

 

As both the Canadian and US cannabis industries begin to enter into a state of maturation and stability we see the Cannabis 2.0 product category continue to gain a larger sales footing which can only be expected to grow further as consumer awareness rises along with product consistency and availability.

 

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