Nextleaf Licenses U.S. Patent to Hempcrete Natural

Nextleaf Solutions Ltd., a federally regulated manufacturer and distributor of cannabis vapes and oils, is pleased to announce that it has entered into a strategic agreement (the “Agreement“) with Hempcrete Natural Building Ltd. (“Hempcrete Natural“), an international construction company creating carbon neutral communities through sustainable, renewable, and stronger buildings.

The Agreement permits Hempcrete Natural, on a non-exclusive basis, to commercialize certain Nextleaf intellectual property, specifically, a U.S. patent related to hemp biomass processing.

Hemp ash processed using Nextleaf’s patented technology shows promise as a key ingredient and replacement for fly ash in the manufacturing of Portland cement. Research suggests Portland cement production is responsible for 2-3% of global energy use and approximately 5% of man-made CO2 emissions.

Government funded R&D led by Nextleaf Engineering Manager, Dr. Krupal Pal, PhD, P.Eng., demonstrated superior performance of hemp ash as both a valorized biofuel and as a cementitious material. Dr. Pal co-authored, with leading academics, a research paper titled ‘Hemp Waste Valorization as Biofuel and Cement Replacement in Cement and Concrete Production’ which can be accessed here.

When leveraged as a biofuel during hemp ash production, power is generated, and metric tonnes of biomass can be diverted from landfills and used as a supplementary cementitious material. Current estimates indicate close to a billion kilograms of biomass being harvested annually by the marijuana and hemp industry with tonnes of waste sent to settlement pits and landfills.

“Nextleaf identified carbon lifecycle management as an opportunity to reduce greenhouse gas emissions while launching a new vertical. We are excited to license our technology to a team of subject matter experts with decades of experience with hempcrete building materials,” said Nextleaf CEO and co-founder Paul Pedersen.

Nextleaf to present at Canaccord Genuity’s 6^th Annual Cannabis Conference

Nextleaf CEO Paul Pedersen will be presenting at Canaccord Genuity’s 6^th Annual Cannabis Conference on May 11, 2022, at 8:00 AM Eastern Time. For more information about joining this virtual event, please visit: https://www.canaccordgenuity.com/capital-markets/about-us/events/cg-2022-us-cannabis-symposium/

The Company’s award-winning prohibition-era brand, Glacial Gold™, outsold Canada’s largest cannabis producers in the oil and vape category in British Columbia during Q1 2022. Glacial Gold™ Anytime Vape is the #1 selling CBD forward vape SKU in B.C. Nextleaf has developed a competitive advantage in the production of cannabis oil by leveraging its patent stack to control the cost and quality of the ingredients used to manufacture vapes and oils. Nextleaf has been issued 10 U.S. patents for what the Company believes to be the most efficient technology to produce high-purity distilled cannabinoids in a regulated market.