LOS ANGELES, CA / ACCESSWIRE / December 12, 2019 / MCTC Holdings, Inc. (OTC PINK:MCTC), a science forward company developing unique hemp and cannabinoid infusion technologies, today announces the filing of a patent on a new hemp extract and cannabinoid delivery system for food and beverages. The technology enables formulators to utilize very small amounts of extracts in order to produce similar or superior results compared to other infusions. As the Company recently announced, independent testing laboratories confirm when used as directed, Hemp You Can Feel™ is undetectable in industry standard testing protocols. MCTC plans to market products based on the novel infusions under its Hemp You Can Feel™ brand and to license the technology were appropriate.
"We have produced some spectacular results and test data on this new technology and we are in discussions with several companies that are planning product introductions based on Hemp You Can Feel™ technology," commented Chief Executive Officer, Arman Tabatabaei. "This marks our 5th patent with several more expected over the short term. We have already begun development to create polymeric nanoparticles of this material, which we believe could represent an additional industry breakthrough. In addition, we are in the process of developing our THC-V and CBN nanoparticle creation protocols."
The technology for which the Company is seeking intellectual property protection is based on hemp extracts, but does not use chemical surfactants or stabilizers, which are typically added to most hemp beverages and food infusions. Additionally, the process occurs at room temperature, utilizes no artificial colors, dyes, or preservatives and most importantly, there is no cannabis taste.
The Company has recently filed four other patents on hemp extract technologies and delivery systems. MCTC is currently working with patent counsel to protect several other internally developed technologies. Additionally, as previously announced, the Company plans to continue other areas of delivery systems research including its programs pertaining to polymeric nanoparticles and nanofibers. The technologies being announced today are non-nanoparticle based.
About MCTC Holdings, Inc.
MCTC Holdings, Inc. (d/b/a: Cannabis Global) is a Delaware registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, MCTC plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The Company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector and its intent to change its corporate identity to Cannabis Global, Inc. The Company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs.
More information on the Company can be viewed at www.CannabisGlobalinc.com.
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This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate," "seek," intend," "believe," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-k, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
SOURCE: MCTC Holdings, Inc