Confirmed on Tuesday (1st June), the patent will remain valid until 2039 and presents new market opportunities for the Colorado-based firm.
Christian Noël, CEO of CryoMass, said, “After years of planning, engineering and technical validation, it is exciting to receive patent protection in another key target market for our highly-disruptive technology.”
“Canada was the first G7 nation to legalise cannabis and as such spawned some of the biggest names in the global cannabis industry. It’s definitely an important commercialisation opportunity for CryoMass.”
News of the patent follows CryoMass Technologies earlier this month trialling a new cryogenic system for capturing high-value elements of hemp and cannabis plants.
Noël added, “Although we talk a lot about the burgeoning, $50bn cannabis/hemp industry, we believe that our technology can dramatically reduce costs and improve product quality in other multi-billion-dollar industries as well.”
“Canada, China and the US all have large and diverse agricultural sectors and having secured long-term patent protection should enable us to effectively capitalise on multiple agricultural opportunities.”