OGZ Holdings Receives Chemicals Process Patent to Create Cost-Effective Means of Processing Cannabis Oil on Par with the Edible Oils Industry
ALLIANCE ONE (AOI)
US:NYSE Investor Relations:
allianceone.gcs-web.com/investor-overview
Company Research
Source: PR Web
OAKLAND, Calif. (PRWEB) February 27, 2018 OGZ Holdings announced today that the United States Patent and Trademark Office has issued the company a process patent for the development of oil refining technology that will align the processing cost of cannabis oil more closely with that of the edible oils industry.As the cannabis oil market continues to grow rapidly and large companies including Constellation and Alliance One enter the market, the scaled manufacturing of cannabis oil is ripe for innovation. OGZ conducted a patent landscape analysis, techno-economic modeling and studied the supply chain of edible oils, including palm oil which is the most highly traded vegetable oil globally. The analyses revealed an approximately 6,500-fold difference in processing cost per pound between the two. "An innovation gap currently exists between processing cannabis oil and edible oils. For example, the cost to process crude palm oil is about 20 cents per pound, while cannabis oil carries a cos
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