Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Zoetic files US patent applications for manufacturing method of Chill CBD smokables

% of readers think this story is Fact. Add your two cents.


Zoetic International PLC (LON:ZOE) said it has filed US patent applications for its method of manufacturing its tetrahydrocannabinol (THC)-free Chill brand of smokable cannabidiol (CBD) products.

The CBD specialist said the patent-pending method also includes a variation smoking cessation product, employing combinations of nicotine and CBD, and has been in development for over a year.

READ: Zoetic exits legacy natural resources business with deal to sell well stimulation technology and Kansas nitrogen assets

Zoetic said it believed CBD may play “a rapidly increasing role in smoking cessation aides” and that its Chill branded tobacco-free, THC-free and nicotine-free products were “well-placed to take an increasing share of this market”. The company added that, if issued, the patent will provide it with “a protected market-leading offering”.

The group also said it has separately agreed a sales agency and licence agreement with its former chairman Paul Mendell for the combined nicotine and CBD and nicotine only versions of the patent on which the two parties would share any royalties and licence fees from third-party use.

If the firm decided to utilise the combined CBD/nicotine or nicotine-only versions of the patent in the future, Mendell will receive a 5% royalty on any sales.

“The company is not aware of any other tobacco-free, THC-free, nicotine and nicotine/CBD containing products in the market, and hopes its agreement with Mr Mendell will provide a valuable additional source of revenue in the future with no additional costs”, Zoetic said.

The group added that it has also filed a second unrelated patent application pertaining to drug compositions the contain a cannabinoid.

The patent relates generally to drug compositions, and specifically to compositions in which an active ingredient is physically mixed and/or chemically bonded with a cannabinoid to form a prodrug, such that the cannabinoid modifies a pharmacodynamic or pharmacokinetic profile of the active ingredient.

“The filing of the smokable non-provisional patent is yet another step in Zoetic’s journey to lead the industry in innovation and product development.  We believe there is a major shift in how tobacco users will make the transition from traditional tobacco products.  We believe our first mover position will have substantial benefits as other competitors begin to enter the market”, said Zoetic co-chief executive Antonio Russo.

Fellow co-CEO, Trevor Taylor, added: “Although, our primary focus in the US has been on the Chill branded product lines, we believe it is important to continue to develop other cannabinoid related products that will serve other parts of the emerging market.

The combination of cannabinoids with other drug compositions may prove to be a pivotal breakthrough in the science of drug efficacy.”

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/920689/zoetic-files-us-patent-applications-for-manufacturing-method-of-chill-cbd-smokables-920689.html
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com

Order by Phone at 888-809-8385 or online at https://www.herbanomic.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...
    Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.