Cannabis Global, Inc : Cannabis Global Comments on the Publication of its Cannabis Nanotechnology Patent Application
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Cannabis Global Comments on the Publication of its Cannabis Nanotechnology Patent Application
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ESCONDIDO, CA / ACCESSWIRE / May 13, 2021 / Marijuana Company of America, Inc. (OTC PINK:MCOA) and Cannabis Global, Inc. (OTC PINK:CBGL) today announced the closing of a definitive agreement establishing a new manufacturing and research center for advanced cannabis concentrates, cannabinoid polymeric nanoparticles and nanofibers. The joint venture, operating under an entity named, MCOA Lynwood Services, Inc, will be managed by Natural Plant Extracts of California (NPE) at its Lynwood, California location. Cannabis Global is majority owner of Natural Plant Extracts, holder of a Type 7 cannabis manufacturing permit.
The new venture will immediately focus on the production of cannabis concentrates, which will be processed at the licensed NPE facility and will continue the research and development of Cannabis Global polymeric nanoparticle technologies, for which patent applications were filed late last year. Cannabis concentrates will be sold into the regulated California market an