MCTC Expands R&D Program to Include Producing Polymeric Nanoparticles of Valuable, Hard-to-Obtain Cannabinoids
LOS ANGELES, Nov. 20, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – MCTC Holdings Inc. (OTC: MCTC) today announces an expanded R&D program designed to produce polymeric nanoparticles of cannabinol (CBN). Expansion of the Company’s R&D program also includes a goal of creating nanoparticles of cannabinoid glycosides. MCTC believes such nanoparticles and nanofibers will hold significant future commercial viability.
CBN is found only in small amounts and mostly results from oxidation of the other cannabinoids in cannabis. Thus, CBN is difficult and expensive to obtain. Nanoparticles of CBN have the potential to allow formulators to use only minuscule amounts of the cannabinoid to achieve the same or superior effects attained using much larger amounts of traditionally prepared CBN. Based on MCTC’s own experience producing cannabidiol (CBD) nanoparticles and nanofibers, the Company’s research team plans to produce CBN nanoparticles with both immediate and controlled-release properties.
“We are continuing our R&D programs based on three primary goals,” commented MCTC CEO Arman Tabatabaei. “First, we plan to continue toward mass production of immediate and controlled-release CBD nanoparticles and, to a lesser extent, CBD nanofibers. Second, we plan to utilize this experience to replicate the process using some of the minor cannabinoids, with CBN selected as the first target. Lastly, we are focusing all of our research toward protecting the intellectual property we develop. Thus far, we have filed four patents, with one additional application in progress. We are likely to file several more patent applications over the coming months as our cannabinoid R&D programs progress.”
MCTC has also added the creation of nanoparticles of cannabinoid glycosides to its research program.
One of the aims of the CBN, minor cannabinoid and glycosides research program is to develop nanoparticles of these cannabinoids for inclusion in coaxial particles of other cannabinoids. For example, several studies indicate that CBN may counteract some of the negative effects of other cannabinoids; thus, the creation of coaxial particles containing both CBN and other cannabinoids, especially psychoactive cannabinoids, could lead to new avenues of research and possibility to commercially viable products.
The polymer-based nanoparticles being developed by MCTC significantly differ from the simple oil-in-water nanoemulsions being marketed as interim solutions for the food and beverage industry. The polymer-based particles the Company is developing will allow for significant loading of active ingredients and unparalleled flexibility in creating custom cannabinoid combinations with unique performance characteristics. MCTC believes polymeric nanoparticles will be an important technology area for the cannabinoid formulation marketplace. The Company plans multiple additional patent filings relative to these technologies.
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.
For more information, visit the company’s website at www.CannabisGlobalinc.com.
ContactArman Tabatabaei IR@CannabisGlobalinc.com
Forward-looking StatementsThis 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.