- Focused on cannabis oil product development
- Collaborating with Universities of Waterloo & Western Ontario in R&D
- Strategy to capture market share of non-smoke MMJ products
For MMJ patients who don’t want to take up smoking, Algae Dynamics Corp. (OTCQB: ADYNF) is developing non-smoking delivery systems for cannabinoids. The company aims to produce new formulations of algae and cannabis oils that deliver health benefits without the attendant dangers that result from smoking.
Smoking is a killer. Statistics published by the Centers for Disease Control and Prevention (CDC) estimate that ‘cigarette smoking kills more than 480,000 Americans each year, with more than 41,000 of these deaths from exposure to secondhand smoke’ (http://nnw.fm/fjLk5). Smoking–related illness costs the U.S. economy ‘more than $300 billion a year, including nearly $170 billion in direct medical care for adults and $156 billion in lost productivity’. Yet, tobacco use is a preventable cause of death and disease, which the 15 percent of the population who smoke can avoid, and many would do so if they are presented with non-smoking ways to use tobacco or cannabis.
Luckily, there is more than one way to skin the cannabis cat, for not only can it be smoked but it can be vaporized, and its oil can be extracted or tinctures may be made from it. Smoking is, undoubtedly, a common method of delivery. The simplest way of using cannabis is burning and smoking the (female) inflorescence. The flowers and buds of female plants contain the highest concentrations of cannabinoids, while male flowers contain much less. Leaves of both genders contain cannabinoids and may be mixed with the inflorescence to be smoked. Extracts from the plant are also processed to produce hashish, for example, which tends to be smoked as well. Cannabis is sometimes heated to produce a vapor that can be inhaled or the inflorescence may be immersed in a solvent, such as alcohol, to produce a tincture rich in cannabinoids.
The Algae Dynamics Corp. way, however, is the extraction of the oils from cannabis. In December 2016, the company announced a new oil extraction initiative in the Canadian cannabis industry (http://nnw.fm/8dQkw). It plans to deploy its existing extraction technology of algae oil to cannabis. To supplement this initiative, ADYNF is expanding its research and product development (R&D) partnerships with Canadian academia, planning to sign supply, service and sales agreements with existing Access to Cannabis for Medical Purposes Regulations (ACMPR) licensed producers, and the company plans to submit an application to become a producer and seller of medical marijuana under the ACMPR.
The cannabis oil extraction industry is expected to hit C$1.7 billion by 2020. This exponential growth will, in part, be propelled by a desire for cannabinoid delivery methods that do not involve smoking. A study by Mackie Research Capital found that 45 percent of dried marijuana users in Colorado State would eventually convert to marijuana extracts and oils. If that is indicative of cannabis use generally, then ADYNF’s safer delivery methodology is soon likely to be very much in demand.
For more information, visit the company’s website at www.AlgaeDynamics.com
CannabisNewsWire (CNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
For more information please visit https://www.CannabisNewsWire.com