A Colorado-based cannabis company has obtained a US patent through its subsidiary.
On Thursday (December 5), Dixie Brands (CSE:DIXI.U,OTCQX:DXBRF) confirmed its subsidiary Aceso Wellness will obtain a patent from the US Patent and Trademark Office for a set of delivery formats for cannabinoids with nutrients in an effervescent powder or a liquid form.
Chuck Smith, president and CEO of Dixie Brands, said in a press release that while the patent will help to protect the intellectual property (IP) of the firm, the move also signals “the continued legitimization and normalization of the cannabis industry.”
According to Dixie Brands, Aceso has already commercialized the technology in question.
Shares of the public firm received a boost to start the trading session on Thursday. The company opened at C$0.23, representing a 2.3 percent jump in value from its previous closing price.
Dixie Brands Director of Science Jay Denniston said the approval for the patent application, dubbed “Cannabinoid Emulsion Product and Process for Making the Same,” represents the culmination of a three year process for the company.
Aceso’s patent covers a range of formats and formulations that include a variety of neutraceutical compositions, such as cannabinoids, supplements and vitamins.
Dixie announced a new discovery in its own development of infused beverages in July of this year. Smith explained to the Investing News Network at the time that the beverages will be water-soluble drink additives containing THC.
“In the beverage space, if you drink alcohol you know what happens when you have a couple of glasses of wine … and we want to be able to mimic that experience as close as possible,” Smith said.
Interest for the cannabis-infused beverages market has increased as beverage firms have thrown their support in for the development of these drinks.
Alcohol makers such as Constellation Brands (NYSE:STZ), Molson Coors (NYSE:TAP,TSX:TAP), AB InBev (NYSE:BUD) and Moosehead Breweries have all formed partnerships with cannabis producers to participate in the creation of new-generation marijuana drinks.
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Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.
As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.
A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.
BioHarvest Sciences Inc. Unveils the Unique Polyphenolic Content of Its Upcoming Olive-Based Nutraceutical
The product will include polyphenols known to have significant health benefits.
BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).
Canopy Growth to Participate in BofA Securities Virtual Consumer & Retail Technology Conference on March 11, 2021
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) (“Canopy Growth” or “the Corporation”) announced today that EVP & CFO Mike Lee will be participating in a fireside chat at the BofA Securities Virtual Consumer & Retail Technology Conference on Thursday, March 11, 2021 at 9:30am ET .
Hill Street Beverage Company Inc. (TSXV: BEER) (“Hill Street” or the “Company”). The Company announces that further to its press release dated March 2, 2021, it has obtained TSX Venture Exchange approval to extend the closing date of its previously announced private placement of units (“Units”) until April 7, 2021. Each Unit is comprised of one (1) common share and one (1) warrant, exercisable for one common share at price of $0.11 per share, for a period of three (3) years from the date of Closing. The Company applied to extend the date of closing to allow a greater number of interested investors to participate.
For more information regarding the Company or the offering, please contact email@example.com, or