Nextleaf Grants US Patent to Hempcrete Natural


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Nextleaf’s patented hemp technology could cut cement production cost

Nextleaf will present at 6 of Canaccord Genuityand Annual Cannabis Conference

Vancouver, British Columbia–(Newsfile Corp. – May 9, 2022) – Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) (“Next sheet“or the”Company“), a federally regulated manufacturer and distributor of cannabis vapes and oils, is pleased to announce that it has entered into a strategic agreement (the “Deal“) with Hempcrete Natural Building Ltd. (“Natural hemp concrete“), an international construction company creating carbon-neutral communities through sustainable, renewable and stronger buildings.

The agreement allows Hempcrete Natural, on a non-exclusive basis, to commercialize certain elements of Nextleaf intellectual property, in particular a US patent related to the processing of hemp biomass.

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

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

When used as a biofuel during hemp ash production, energy is generated and metric tons of biomass can be diverted from landfills and used as additional cementitious material. Current estimates indicate that nearly one billion kilograms of biomass are harvested each year by the marijuana and hemp industry with tons of waste sent to settlement pits and landfills.

“Nextleaf has 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-Director. founder Paul Pedersen.

Nextleaf will present at 6 of Canaccord Genuityand Annual Cannabis Conference

Nextleaf CEO Paul Pedersen to present at Canaccord Genuity 6and Annual Cannabis Conference on May 11, 2022 at 8:00 a.m. EST. For more information on participating in 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, icy gold”surpassed sales of Canada’s largest cannabis producers in the oil and vaping category in British Columbia during the first quarter of 2022. icy gold” Anytime Vape is the #1 selling pre-CBD vape SKU in BC. Nextleaf has developed a competitive edge in cannabis oil production by leveraging its patent stack to control the cost and quality of ingredients used to make vapes and oils. Nextleaf has been granted 10 US patents for what the company considers to be the most efficient technology for producing high purity distilled cannabinoids in a regulated market.

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About Hempcrete Natural Building Ltd.

Hempcrete Natural is a British Columbia-based international construction company focused on building carbon neutral communities and affordable housing to create a more sustainable future. Hempcrete Natural eliminates petrochemicals from the construction process, replacing them with fiber-reinforced lightweight concrete, free from problems such as pests, mold and fires. With over 20 years of experience and a network of strategic partners for supply chain needs, hempcrete homes use 60% less energy, are cheaper to build and last for generations. For more information visit: www.hempcrete.ca

About Nextleaf Solutions Ltd.

Nextleaf® is a federally regulated manufacturer and marketer of cannabis vapes and oils under its award-winning Prohibition-era brand, Glacial gold”. The company’s multi-patented ingredient processing technology transforms cannabis and hemp biomass into high-purity distillate on an industrial scale. Nextleaf is a producer of low cost cannabis oils and supplier of THC and CBD ingredients to qualified wholesale partners across Canada. Nextleaf is the first publicly traded company to be awarded a US patent for the industrial extraction and purification of cannabinoids. The company has been granted 18 US patents and over 95 worldwide patents on cannabinoid processing, including distillation and acetylation. Nextleaf develops cannabinoid-based formulations and proprietary delivery technology through its Health Canada research license with sensory evaluation of cannabis through human testing. For more information, visit www.nextleafsolutions.com and www.Glacial.Gold

Nextleaf is trading as OILS on the Canadian Securities Exchange, OILFF on the OTCQB market in the United Statesand L0MA on the Frankfurt Stock Exchange.

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Jason McBride, Business Development
604-283-2301 (ext. 219)
[email protected]

On behalf of the Company’s Board of Directors,
Paul Pedersen, CEO

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of applicable securities laws. All statements other than statements of historical facts contained in this press release, including, without limitation, statements regarding the Company’s intellectual property (“IP”), expected IP licensing revenue and those regarding the Company’s strategy, plans, objectives, goals and targets, and any statement preceded, followed by or including the words “believe”, “expect”, “aim”, “intend to “, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “expect”, “predict”, “project”, “seek”, “should” or similar expressions, or their negative forms, are forward-looking statements. These statements are not historical facts but rather represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or anticipated in such forward-looking statements. Other factors that could cause actual results, performance or achievements to differ materially include, but are not limited to, the risk factors discussed in the Company’s MD&A for the fiscal year most recent. Management provides forward-looking statements because it believes they provide useful information to investors in considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Accordingly, any forward-looking statements made in this press release are qualified by such cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that actual results or developments will be achieved or, even they are substantially achieved, that they will have the expected consequences or effects on the Company. These forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to update or revise them to reflect subsequent or other information, events or circumstances, except as required by law. The Canadian Securities Exchange has not reviewed or approved the contents of this press release.

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Kimberly B. Nguyen