Patently Absurd, Vireo Need To Patent “The Spliff”


Does mixing cannabinoids into tobacco make for a safer cigarette? Multistate medical hashish producer Vireo Well being appears to assume it does. Studies Leafly

Making A Spliff

Making A Sandwich

 

Leafly write. The physician-led firm introduced on Thursday that it has secured a patent for “tobacco merchandise infused with hashish,” together with cigarettes, cigars, bong tobacco, and smokeless tobacco merchandise. In accordance with US Patent and Trademark Workplace paperwork, Vireo intends to market the cannabinoid-infused merchandise as safer alternate options to conventional tobacco.

Many within the hashish group view adulterating hashish with cancer-causing tobacco as an abomination.

“As a doctor, I’m keen about discovering methods to use hashish to cut back the dangerous results of tobacco,” CEO Kyle Kingsley mentioned in a press release, “We glance ahead to collaborating with analysis establishments and tobacco firms dedicated to growing much less dangerous tobacco merchandise.”

To be clear, mixing hashish and tobacco is hardly a brand new invention. In lots of elements of the world, together with a lot of Europe and the Caribbean, customers repeatedly roll the 2 collectively into what American customers confer with as a spliff. One other frequent hashish consumption technique, the blunt, consists of hashish rolled in a tobacco wrap or leaf.

https://www.leafly.com/news/industry/did-corporate-cannabis-just-patent-the-spliff

 

THE PRESS RELEASE

MINNEAPOLIS, April 25, 2019 /PRNewswire/ — Vireo Well being Worldwide, Inc. (“Vireo” or the “Firm”) (CSE: VREO), a number one science-focused, multi-state hashish firm, at present introduced that america Patent and Trademark Workplace (“USPTO”) has issued a Discover of Allowance for its patent utility titled, “Tobacco Merchandise with Cannabinoid Components and Strategies for Decreasing the Hurt Related to Tobacco Use.”

“This patent is a part of our technique to disrupt the tobacco business and assist save lives,” mentioned Chief Government Officer, Kyle Kingsley, M.D. “As a doctor, I’m keen about discovering methods to use hashish to cut back the dangerous results of tobacco. We glance ahead to collaborating with analysis establishments and tobacco firms dedicated to growing much less dangerous tobacco merchandise.”

Vireo’s allowed patent utility covers cannabis-based components that may be formulated into tobacco merchandise to cut back the hurt related to tobacco use. This novel utility of hashish covers the usage of a number of rigorously formulated cannabinoids as hurt decreasing brokers in tobacco merchandise equivalent to cigarettes, cigars, bong tobacco and smokeless tobacco merchandise. A Discover of Allowance is issued after the USPTO determines {that a} patent could be granted from the applying, which was filed in March 2017.

Potential advantages related to cannabinoid components in tobacco merchandise embody the discount of irritation, irritation, and carcinogenicity. In accordance with a 2016 study, scientific proof helps that cannabinoids might have substantial anti-cancer results.

The Facilities for Illness Management & Prevention report that the usage of tobacco will not be solely the main reason for preventable illness within the U.S., but in addition imposes important financial prices. Particularly, smoking-related sickness in americaprices greater than $300 billion a 12 months, together with almost $170 billion in direct medical take care of adults. In 2017, an estimated 14.0% (34.three million) of U.S. adults had been cigarette people who smoke.

About Vireo Well being Worldwide, Inc.
Vireo Well being Worldwide, Inc.’s mission is to construct the hashish firm of the long run by bringing the very best of drugs, engineering and science to the hashish business. Vireo’s physician-led workforce of greater than 300 workers gives best-in-class hashish merchandise and buyer expertise. Vireo cultivates hashish in environmentally-friendly greenhouses, manufactures pharmaceutical-grade hashish extracts, and sells its merchandise at each company-owned and third-party dispensaries. The Firm at present has operations in ten states together with Arizona, Maryland, Massachusetts, Minnesota, Nevada, New Mexico, New York, Ohio, Pennsylvania, and Rhode Island.  For extra details about the corporate, please go to www.vireohealth.com.

Contact Info

Investor Inquiries
Sam Gibbons
Vice President, Investor Relations
[email protected] 
(612) 314-8995

Media Inquiries
Albe Zakes
Vice President, Company Communications 
[email protected]   
(267) 221-4800

This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to promote any of the securities in america. The securities haven’t been and won’t be registered below america Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and will not be provided or bought inside americaor to U.S. Individuals except registered below the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is obtainable.

Ahead-Wanting Assertion Disclosure

This information launch incorporates forward-looking info inside the which means of relevant securities legal guidelines, primarily based on present expectations. Typically, any statements that aren’t historic info might comprise forward-looking info, and forward-looking info could be recognized by means of forward-looking terminology equivalent to “plans”, “expects” or “doesn’t anticipate”, “is predicted”, “sit up for”, “price range”, “scheduled”, “estimates”, “forecasts”, “will proceed”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or signifies that sure actions, occasions or outcomes “might”, “may”, “would”, “doubtlessly”, “may” or “might be” taken, “happen” or “be achieved.” Ahead trying info might embody, with out limitation, statements relating to the operations, enterprise, monetary situation, anticipated monetary outcomes, efficiency, prospects, alternatives, priorities, targets, objectives, ongoing aims, milestones, methods and outlook of Vireo, and contains statements about, amongst different issues, future developments, the long run operations, potential market alternatives, strengths and technique of the Firm. Ahead-looking info is supplied for the aim of presenting details about administration’s present expectations and plans regarding the long run and readers are cautioned that such statements will not be applicable for different functions. These statements shouldn’t be learn as ensures of future efficiency or outcomes. These statements are primarily based upon sure materials elements, assumptions and analyses that had been utilized in drawing a conclusion or making a forecast or projection, together with Vireo’s expertise and perceptions of historic tendencies, present circumstances and anticipated future developments, in addition to different elements which can be believed to be cheap within the circumstances.

Examples of the assumptions underlying the forward-looking statements contained herein embody, however are usually not restricted to these associated to: the achievement of objectives, the closing of acquisitions, acquiring of mandatory permits and governmental approvals, future market positioning, in addition to expectations relating to availability of kit, expert labor and companies wanted for hashish operations, mental property rights,  growth, working or regulatory dangers, tendencies and developments within the hashish business, enterprise technique and outlook, enlargement and progress of enterprise and operations, the timing and quantity of capital expenditures; future change charges; the influence of accelerating competitors; circumstances generally financial and monetary markets; entry to capital; future working prices; authorities laws, together with future legislative and regulatory developments involving medical and leisure marijuana and the timing thereto; receipt of applicable and mandatory licenses in a well timed method; the results of regulation by governmental companies; the anticipated adjustments to legal guidelines relating to the leisure use of hashish; the demand for hashish merchandise and corresponding forecasted improve in revenues; and the dimensions of the medical marijuana market and the leisure marijuana market.

Though such statements are primarily based on administration’s cheap assumptions on the date such statements are made, there could be no assurance that it is going to be accomplished on the phrases described above and that such forward-looking info will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such forward-looking info. Accordingly, readers mustn’t place undue reliance on the forward-looking info. Vireo assumes no duty to replace or revise forward-looking info to mirror new occasions or circumstances except required by relevant legislation.

By its nature, forward-looking info is topic to dangers and uncertainties, and there are a number of fabric elements, lots of that are past the management of the Firm and that will trigger precise outcomes to vary materially from these mentioned within the forward-looking statements. These elements embody, however are usually not restricted to: denial or delayed receipt of all mandatory consents and approvals; want for added capital expenditures; elevated prices and timing of operations; surprising prices related to environmental liabilities; necessities for added capital; decreased future costs of hashish; failure of plant, gear or processes to function as anticipated; accidents, labour disputes and different dangers of the hashish business; delays in acquiring governmental approvals, permits or financing or within the completion of growth or building actions; title disputes; claims limitations on insurance coverage protection; dangers associated to the combination of acquisitions; fluctuations within the spot and ahead value of sure commodities (equivalent to diesel gas and electrical energy); adjustments in nationwide and native authorities laws, taxation, controls, laws and political or financial developments within the international locations the place the Firm might keep on enterprise sooner or later;  liabilities inherent in hashish operations;  dangers regarding medical and leisure hashish; cultivation, extraction and distribution issues; competitors for, amongst different issues, capital, licences and expert personnel;  dangers regarding the timing of legalization of leisure hashish; adjustments in legal guidelines regarding the hashish business; and administration’s success in anticipating and managing the foregoing elements.

SOURCE Vireo Well being, Inc.

Associated Hyperlinks

http://www.vireohealth.com



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