- The
company has filed six patents on hemp extract technologies and delivery
systems
- Expanding
on development of infusion technologies to include exotic cannabinoids
that may improve sleep and control appetite
- Industrial
hemp market is expected to grow to $26.6 billion by 2025
Hemp infusion technology innovator MCTC Holdings Inc. (OTC: MCTC) appointed cannabis
industry veteran Robert L. Hymers III as its chief financial officer.
Previously a director of the company, Hymers has a vast and impressive
background in financial planning and analysis, corporate finance, treasury,
tax, investor relations, risk management, and strategic planning, according to
a company press release (http://ibn.fm/dv67W).
Previously, Hymers was CFO and Director of Marijuana Company
of America, Inc. (OTCQB: MCOA), and brings with him a deep understanding of the
hemp and cannabis industries. MCTC and Marijuana Company of America have signed
a distribution contract for MCTC’s Hemp You Can Feel(TM) beverage product line,
a patent-pending, organic, ultra-clean label line of CBD powdered drink and
hemp extract mixes (http://ibn.fm/7S07V).
According to MCTC CEO Arman Tabatabaei, the new appointment
will significantly strengthen the company. Hymers “brings a unique combination
of financial knowledge, executive insight and managerial talent that will help
us not only in financial reporting and compliance, but also relative to both
strategic planning and tactical execution,” as Tabatabaei noted in a news
release.
On occasion of the appointment, Hymers commented that MCTC
is bringing unique intellectual property to the cannabis and hemp extract marketplaces
and beginning to introduce highly innovative products based on the company’s
intellectual property. “It’s an exciting time in the marketplace and I am
looking forward to helping the Company achieve its objectives while seeking to
maximize shareholder value,” he added.
MCTC Holdings, which has announced a pending name
change to Cannabis Global, is poised to take advantage of opportunities in
the cannabis industry while avoiding overcrowded and potentially problematic
niches like retail and cultivation. The company was reorganized in June 2019
and its rebranding has focused on developing unique cannabis-related
intellectual properties, products and technologies. The company aims to
process hemp isolates, distillates, and other refined products using special
patent-pending delivery systems and sell them through food, beverage and
consumer brands.
Through 2020, the company plans to conduct trials on exotic
and lesser-known cannabinoids like cannabinol (CBN) and THC-V, including their
potential effects on appetite suppression.
MCTC Holdings recently filed six patents, of which its
fourth cannabinoid delivery technology patent is the most important for
cannabinoid delivery systems. This patent broadly covers many aspects of
nanoparticles and nano fibers comprising one or more cannabinoids disposed at
least partially within a water-soluble medium (http://ibn.fm/kw1UC).
As an integrated cannabis business operation and cannabinoid
science innovator, MCTC Holdings is primarily focused on high-growth and
high-margin sub-sectors of the cannabis and hemp industry, including multiple
growing verticals in the global cannabis and industrial hemp markets via
acquisitions, partnerships and the development of new intellectual property.
According to a Research and Markets report, the global industrial hemp market
is poised to grow exponentially, from $4.6 billion in 2019 to $26.6 billion by
2025, recording a CAGR of 34% (http://ibn.fm/ChYAV).
For more information, visit the company’s website at www.CannabisGlobalInc.com
NOTE TO INVESTORS: The latest news and updates
relating to MCTC are available in the company’s newsroom at http://ibn.fm/MCTC
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