21:55:01 EDT Wed 15 May 2024
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Glow Lifetech Corp
Symbol GLOW
Shares Issued 57,108,546
Close 2023-07-06 C$ 0.07
Market Cap C$ 3,997,598
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Glow Lifetech develops water-soluble weed powder tech

2023-07-06 18:41 ET - News Release

Mr. Tom Glawdel reports

GLOW EXPANDS TECHNOLOGY PORTFOLIO AND PROPRIETARY PRODUCT FORMAT CAPABILITIES; DEVELOPS NEW WATER-SOLUBLE CANNABIS POWDER TECHNOLOGY

Glow Lifetech Corp. has developed a proprietary, water-soluble cannabis powder technology (new powder technology), which expands the company's technology portfolio to both liquid and powder cannabinoid ingredients and unlocks a new range of product format capabilities. To protect the new powder technology, the company has submitted provisional patent applications with the United States Patent and Trademark Office.

The company's new powder technology creates dry powder cannabinoids that are water soluble and designed for improved absorption, great taste, and a more consistent and predictable cannabis experience. Building on the company's existing nature-based liquid MyCell Technology, the new powder technology is uniquely made with only natural, plant-based ingredients and cannabis extracts including THC, CBD, and CBN and CBG distillates and isolates. The new powder ingredients expands Glow's growing portfolio of high-performance ingredients, and allows the company to support a variety of new product formats including capsules, drink mixes, gummies, infused foods and more.

"This new powder technology, developed fully in house, demonstrates our continued focus on developing proprietary, science-driven solutions that unlock a step-change in what's possible in cannabis and natural health," said Tom Glawdel, chief operating officer, Glow Lifetech. "Expanding our technology portfolio to include an all-natural, fast-acting and neutral-tasting cannabis powder, opens up several new and important product format capabilities for Glow."

"We're thrilled to bring to market another cutting-edge technology as it positions us well to capture several new growth opportunities in proven cannabis product segments like drink mixes, capsules, infused foods and beyond," said Rob Carducci, chief commercial officer, Glow Lifetech. "Having a complete portfolio of proprietary, market-leading technologies, in both liquid and powder format, ultimately gives us incredible flexibility in what products we can formulate and commercialize."

The company submitted provisional patent applications to the United States Patent and Trademark Office (USPTO) as part of its continuing IP strategy for the powder technology. The filings allow Glow to ascribe the phrase "patent pending" to any commercial products, methods or services contemplated by the subject matter claimed. The patent applications reflect Glow's strategy of strengthening its IP portfolio relating to cannabis and nutraceutical ingredient technologies.

MyCell Technology is Glow's proprietary delivery system that optimizes the absorption, bioavailability and effectiveness of natural active compounds including vitamins, cannabinoids and botanicals, using only 100-per-cent natural, food-grade components. It transforms poorly absorbed natural compounds into water-compatible concentrates that have fast-acting onset, high-absorption, precision dosing and a clean taste profile. With its portfolio of industry-leading ingredients, Glow is powering a new era of more efficient, fast-acting, and great-tasting functional foods, beverages, supplements and personal care products.

About Glow Lifetech Corp.

Glow Lifetech is a Canadian-based biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption and effectiveness. Glow has rights to the groundbreaking, plant-based MyCell Technology delivery system, which transforms poorly absorbed natural compounds into enhanced water-compatible concentrates that unlock the full healing potential of the valuable compounds.

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