Ionic secures two cannabis-infused coffee patents
Ionic Brands Corp. is advancing into the cannabis-infused beverage market with two highly sought-after coffee patents.
Ionic Brands is entering into the infused beverage market with secured patents in the single-serve coffee and beverage pod market. Chief executive officer John Gorst stated: “Single-cup coffee is a plus-$4.5-billion market and the National Coffee Association has estimated more than 40 per cent of Americans own a single-cup coffee maker. Securing these patents is a great foundation for Ionic Brands to enter into the cannabis-infused beverage industry and is complementary to our current premium luxury cannabinoid products. We also see substantial development potential of new revenue streams through licensing infused coffee and tea brand partnerships.”
As recently announced on April 2, 2019, the patents position Ionic Brands to exclusively benefit from patented technology and provide strategic intellectual assets in the cannabis-infused beverage market, which is anticipated to keep pace or exceed other edible markets. The patents (62/037,827 and 15/837,623) are among the first cannabis patents in U.S. history. These exclusive patents are for brewing cannabis-infused coffee, tea and cocoa from CannaCafe which are granted in the United States only. Cowen and Company recently released a report in which it pinpoints Starbucks as the likely first major chain that will market products featuring cannabinoids (CBD). Arcview Market Research indicates that “the consumer appeal is propelling concentrates toward an estimated $8-billion in retail sales by 2022, outpacing growth in traditional flower sales.”
The original method patent was filed in August, 2014, and issued on December of 2017. Since then Imbue LLC, CannaCafe’s parent company, has been granted approval for two additional utility patents: one for cannabis coffee and the other for cannabis tea. The applications cover all commercial-based extraction methods including but not limited to carbon dioxide, ethanol and heat. The ISO-certified product is tasteless, 100 per cent water soluble, and includes known cannabinoids such as THC (tetrahydrocannabinol) and CBD (cannabidiol). Chris Bhairam of CannaCafe commented: “Having worked with dozens of very successful cannabis companies in the past, we are extremely pleased to close a deal with Ionic Brands. They have perfected their craft, and strategically identified new markets for targeted growth. I look forward to seeing them scale and cementing themselves at the top of the industry as a trusted manufacturer of premium quality cannabis products.”
About Ionic Brands Corp.
Ionic Brands is an award-winning Washington State-based premium cannabis concentrate company. The company is a multistate operator that manufactures, brands and distributes premium cannabis concentrate products throughout the West Coast of North America. Ionic Brands is focused on extracting value for shareholders through a refined strategy of iconic brands and a proven execution strategy. In 2018, Ionic was voted one of the top 50 companies to work for in cannabis by MG Magazine, a publication serving cannabis industry professionals.
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