Organigram Holdings (TSXV:OGI; OTCQB:OGRMF) announced it entered into a memorandum of understanding with the New Brunswick Innovation Research Chair in Medical Technologies in which the two will jointly develop an industry leading method of microwave extraction of cannabinoid extracts from marijuana plants.
As quoted in the press release:
The project will be led by Dr. J. R. Jocelyn Paré, holder of the NBIRC, the inventor of various Microwave-Assisted Processes forming a portfolio of twelve patents. Dr. Paré is a researcher at the Atlantic Cancer Research Institute (ACRI) and his current focus is in the use of microwaves for the selective ablation of tumours.
The objective of this project is to develop a more efficient manner of extracting cannabinoids for use in extracts and edibles. Consistent with the company’s objective of continuous innovation, this project will aim to drive down production costs resulting in higher quality and more accessible medical cannabis products for patients.