16/04/2019 08:05:00

Yield Growth Files PCT Patent for Cannabis Root Extraction Method for Key Ingredient in 150 Proprietary Beauty and Wellness Formulas

VANCOUVER, British Columbia, April 16, 2019 (GLOBE NEWSWIRE) -- The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF) (Frankfurt: YG3) announces it has filed a patent application to protect its inventions for hemp root oil production and its use in certain formulas.

Subsidiary Urban Juve Provisions last week filed a Patent Co-operation Treaty (“PCT”) patent application entitled "Cannabis Root Extract, Method of Manufacture, Method of Use". The application claims priority to eleven US patents filed in the last year by the company, and contains claims to a method of manufacture of cannabis root oil, as well as use of that oil as an active ingredient in various formulations for use as therapeutics and cosmetics. This PCT patent application can be used as a basis for obtaining patent protection in over 170 countries.

The patent application covers Urban Juve’s extraction technology which uses proprietary methods for processing root oil. The patent claims to increase the quantity of desirable active compounds recovered from the root, and further enhance the bioavailability of the cannabis root product by nanoization.

Yield Growth has a catalogue of over 150 wellness and beauty formulas, at various stages of commercialization, which include hemp root oil as a key ingredient. Urban Juve’s extraction technology is designed to preserve potentially therapeutic compounds in the root and enhance penetration of the skin when the ingredient is used in topical applications.

“Topical products represent a huge opportunity in the cannabis industry,” says Penny Green, CEO of Yield Growth, “We intend to be a leader in the industry with our use of powerful ingredients like our proprietary hemp root oil combined with our expertise in global brands and international distribution.”

According to cannabis industry analysts the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022. There is a long history of therapeutic use of the roots of the cannabis plant including use as a topical treatment for inflammation, arthritis, muscle aches and skin burns, according to a paper written by David Remillard, Natasha Ryz and Ethan Russo. Yield Growth has engaged the Faculty of Pharmaceutical Sciences at the University of British Columbia to identify and quantify anti-inflammatory and other bioactive compounds in the hemp root oil produced with Urban Juve’s patent pending technology.

About The Yield Growth Corp.

The Yield Growth Corp. develops, manufactures and distributes cannabis and hemp infused luxury product brands Urban Juve and Wright & Well and has a catalogue of over 200 wellness and beauty products in development. It intends to disrupt the international wellness market by connecting ancient healing with modern science and technology. Its management team has deep experience with global brands including Johnson & Johnson, Procter & Gamble, M·A·C Cosmetics, Skechers, Best Buy, Aritzia, Coca-Cola and Pepsi Corporation. Yield Growth serves mainstream luxury consumers who seek sophisticated wellness products. Its flagship consumer brand, Urban Juve, has proprietary, patent-pending hemp root oil extraction technology and formulas. Yield Growth is building sophisticated international distribution channels and has multiple revenue streams including licensing, services and product sales.

For more information about Yield Growth, visit www.yieldgrowth.com or follow @yieldgrowth on Instagram. Visit www.urbanjuve.com and #findyourjuve across social platforms to learn, engage and shop.

Investor Relations Contacts:

Penny Green, President & CEO

Kristina Pillon, Investor Relations

invest@yieldgrowth.com

1-833-514-BOSS (1-833-514-2677)

1-833-515-BOSS (1-833-515-2677)

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Cautionary Statement Regarding Forward-Looking Statements

This press release includes forward-looking information and statements (collectively, “forward looking statements”) under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates, forecasts, beliefs and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to: risks related to the development, testing, licensing, intellectual property protection, and sale of, and demand for, Urban Juve and UJ Topicals products, general business, economic, competitive, political and social uncertainties, delay or failure to receive board or regulatory approvals where applicable, and the state of the capital markets. Yield Growth cautions readers not to place undue reliance on forward-looking statements provided by Yield Growth, as such forward-looking statements are not a guarantee of future results or performance and actual results may differ materially. The forward-looking statements contained in this press release are made as of the date of this press release, and Yield Growth expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3dd0d5ce-9bf0-478a-9ae3-c357e3b61808

yield growth logo.png

Del

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
11 Jul
 
Kan vi tåle en fredagsjoke? (og det er ikke Fingerprint Cards jeg tænker på :-) ) En blind mand går ..
31
11 Jul
VELO
Lånt fra skribent i FB gruppen “Veloxis Investor” “Hovedorganisationen for transplantationer i US..
26
12 Jul
 
Man hører det igen og igen. Donald Trump er ubegavet, dum, idiot - derudover racist, nazist - en opp..
25
10 Jul
GEN
I kurs 1500 var der også taget meget forskud på glæderne - og så har der været et par setbacks tilli..
18
12 Jul
PNDORA
Har lige været i Frankrig hvor jeg kiggede forbi en butik hvor jeg konstaterede at der var godt med ..
16
11 Jul
DANSKE
Helt enig - desværre.   Danske Bank har i den grad været åben og informativ inden for rammerne af hv..
16
12 Jul
 
Han er den største psykopat, der nogen sinde har siddet ved magten, og han er DYBT ustabil og højst ..
15
15 Jul
BAVA
Tænk engang, med alt det du skriver om Bavarian og ebola vaccinen, så skulle man tro, at du bare ved..
12
12 Jul
BAVA
Dejligt at se den er begyndt at stige - indenfor 2 1/2 mdr kommer der til at ske rigtig meget:   Ko..
12
12 Jul
 
Det eneste konkrete Tumpen har budt på er en ufinansieret skattereform. Det billigste trick i verden..
12

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Zuora, Inc. - ZUO
2
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Pivotal Software, Eros International, Teva Pharmaceutical Industries, and Helius Medical Technologies and Encourages Investors to Contact the Firm
3
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Anheuser-Busch, FedEx Corporation, EQT Corporation, and Sunlands Technology Group and Encourages Investors to Contact the Firm
4
Huazhu Group Limited Announces Its Preliminary Results for Hotel Operation in the Second Quarter of 2019
5
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of A. O. Smith Corporation - AOS

Latest news


Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
17 July 2019 06:15:54
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190703.1 - EUROWEB7 - 2019-07-17 07:15:54 - 2019-07-17 06:15:54 - 1000 - Website: OKAY