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Harvest One Subsidiary Satipharm Granted US Patent Covering Gelpell(TM) Technology
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2020) - Harvest One Cannabis Inc...
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[{"type":"text","content":"Harvest One Subsidiary Satipharm Granted US Patent Covering Gelpell(TM) TechnologyVancouver, British Columbia--(Newsfile Corp. - November 12, 2020) - Harvest One Cannabis Inc. (TSXV: HVT) (OTCQX: HRVOF) (\"Harvest One\" or the \"Company\") announced today that the United States Patent and Trademark Office has granted its wholly-owned subsidiary Satipharm Ltd. (\"Satipharm\") US Pat No. 10,555,906 covering Satipharm's proprietary Gelpell™ technology.This issued patent, titled \"Oral solid cannabinoid formulations, methods for producing and use thereof\", protects Satipharm's licenced Gelpell™ technology in the United States with respect to diverse cannabinoid formulations, including pure CBD products and combinations of cannabinoids such as full spectrum products. The patent covers compositions including oral solid dosage forms and also covers therapeutic applications for the treatment of various disorders and conditions. The need for effective oral delivery of cannabinoids is essential for the development of stable and predictable therapeutic treatments. The patented compositions feature the high bioavailability of the Gelpell™ technology, as well as prolonged stability at room temperature, two critical factors in achieving predictable treatments.\"Receipt of this patent represents an important milestone for Satipharm, completing the patenting process for key jurisdictions,\" said Gord Davey, President and Interim Chief Executive Officer of Harvest One. \"This patent, combined with our published Phase I and II clinical trials, further emphasizes the strength of the Satipharm brand as we pursue commercial partners for various pharmaceutical, nutraceutical and recreational applications. The issuance of this patent comes at an important time following the recent US election and the anticipated federal legalization of cannabinoids in the US.\"The Company has obtained patents covering Gelpell™ technology in the key markets, including the United States, Canada, United Kingdom, Australia and countries of the European Union. Satipharm products are currently on sale in major pharmacy chains and retailers throughout the United Kingdom and Ireland, including Boots, Lloyds and Holland & Barret. Satipharm's suite of products includes their flagship 'Advanced' capsule range, powered by Gelpell™ technolog...