Business
Green Globe Intl. Signs LOI to Acquire Patent to Make Marijuana Paper
Green Globe Intl. Signs LOI to Acquire Patent to Make Marijuana Paper.
About this update from Green Globe International, Inc.
[{"type":"text","content":"San Diego, California--(Newsfile Corp. - August 9, 2021) - Green Globe International, Inc. (OTC Pink: GGII), the leading herb and hemp CBD cigarette manufacturer, in their mission of Disrupting TobaccoTM, today announced it has signed a letter of intent to acquire the patent to manufacture the world's first ever paper made entirely of marijuana. GGII intends on licensing the patent to cannabis companies to make marijuana rolling paper, marijuana wraps, and machine-made marijuana cigarettes. Earlier this year, GGII announced their new Cannabis initiative to further their mission of disrupting tobacco. The planned marijuana paper patent acquisition is the first link in the cannabis initiative chain. With this patent filed in 2015, GGII will own the exclusivity to make paper from marijuana for any purpose and for any use. GGII is primarily interested in making marijuana paper for rolling smokables, for manufacturing machine made marijuana cigarettes, and for flavored marijuana blunt wraps. GGII plans on license the marijuana cigarette technology all over the USA at a state-by-state basis, along with the manufacturing intellectual property to manufacture the marijuana paper. For international markets, GGII plans on licensing the technology country by country, starting with Canada. \"I'm so excited to work with Sandro Piancone on launching our marijuana paper technology, and with Jorge Olson to market it and sell it,\" said John Ostrander, the inventor of the marijuana paper technology, \"Not only that, but in joining the GGII team, I now have the resources to go out and monetize the patent by licensing it to cannabis companies all over the country, including Canada, Mexico and the European Union,\" concluded Mr. John Ostrander.GGII will acquire the full rights to the breakthrough technology, protected by provisional patent application number 15219061 with the United States Patent Office, from its inventor, John Ostrander. As part of the acquisition, Mr. John Ostrander will join the Company in a full-time capacity where he will lead a newly created team to begin commercializing the patent-pending technology primarily through retail and wholesale licensing agreements.\"The acquisition of this disruptive technology will represent one of the single most important milestones in our company's history,\" said Sandro Piancone, Chief Executi...