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Eco Innovation Groupā„¢ Files Patent Application for PoolCooledā„¢ Climate Control Technology

VAN NUYS, Calif., Dec. 16, 2021, Eco Innovation Group, Inc., an innovative company developing new technologies for green energy solutions, is pleased to announce the filing of a patent application (Application No. 17/469,834) for the Company’s licensed PoolCooledā„¢ Climate Control technology solution.

Eco Innovation Group Eco Innovation Group on June 8, 2021, ECOX executed a licensing agreement (the “Agreement”) giving the Company exclusive rights to commercialize PoolCooledā„¢, a climate control solution that leverages proprietary technology to cool a home or building by taking cool water from an existing swimming pool and looping it through the existing air conditioning system to boost efficiency on a per-unit power consumption basis.

The PoolCooledā„¢ system has since successfully undergone prototype testing, providing proof of concept in the process.

The Company subsequently engaged patent attorneys to develop and file a patent application. Under the terms of the Agreement, along with the original inventor, the Company holds joint title covering all PoolCooledā„¢ technology as well as all patents resulting from the Agreement.

Julia Otey-Raudes, CEO of ECOX, commented on the milestone, saying, “We are excited to take this important step as we get closer to commercializing a technology with the potential to cut air conditioning energy demand for residential and commercial structures by up to 65% under ideal conditions.

PoolCooledā„¢ is designed for residential and commercial property owners eager to minimize energy needs by mobilizing existing pool water as a primary climate control resource through the revolutionary PoolCooledā„¢ system. The PoolCooledā„¢ system has a conveniently small physical footprint, allowing it to fit easily into existing equipment areas and pool pump structures. And we can’t wait to begin shipping and installing this technology widely next year.”

Now that the PoolCooledā„¢ patent application has been filed, ECOX plans to conduct further prototype tests to optimize the technology through the spring of 2022. Management believes this timeline will result in a market-ready product by mid-2022, with initial sales and installations beginning as early as Q3 2022, which will include identifying licensing opportunities and distribution partners, as well as marketing and sales investments.

About Eco Innovation Group Eco Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us, while delivering value to our shareholders. At ECOX, we are dedicated to developing and commercializing successful products.

Innovation Bulb

“RE-INNOVATION”Ā  Ā BYĀ  Ā  INSPIRATIONAL TECHNOLGIES

 

But we will never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our Social Responsibility Contract seriously in all our endeavors. It is not only what we do. It is who we are. For more information, visit www.ecoig.com.

Image result for Eco Innovation Group

Also, Breaking News on the Company’s new breakthrough glycerin-based non-CO2 supercritical extraction technology (the ā€œGET Systemā€), which has clear potential applications for companies involved in producing products that rely on cannabis plant extraction.

Demitri Hopkins, inventor of the GET System technology, has commented, ā€œMost processes using supercritical fluids — such as carbon dioxide — to extract plant products end up with highly viscous products that are difficult to work with. The glycerin concentrates generated from this system can be used directly in a range of products and allow standardized concentrations of the target compounds.ā€

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The intellectual property behind the glycerin extraction technology has been exclusively licensed to Eco Innovation Group, and fabrication of the prototype is underway at Fluitron Inc.

 

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Cannabis Global, Inc.: Cannabis Global Reports Significantly Increased Revenues for the Fiscal Year End – Files Annual Report

LOS ANGELES, CA December 15, 2021, Cannabis Global, Inc., an innovation-oriented company investing in disruptive cannabis technologies, today announced the filing of its annual report for the fiscal year ended August 31, 2021. Revenues for the fiscal year grew to just over $1.6 million, compared to approximately $27,000 for the previous fiscal year.

Cannabis Global 2021

Growth was attributed to increased sales and distribution of cannabis products across a broad array of product ADVERTISEMENT lines, including cannabis flower, edibles, and concentrates. “We are pleased with the strong growth of our distribution and manufacturing businesses via Northern Lights Distribution and Natural Plant Extract of California, respectively,” commented CEO Arman Tabatabaei.

“The customers generating our growth are ordering consistently into this current fiscal year and in some cases are expanding orders and revenues with us. With strong revenue growth and pending new product introductions we remain confident moving into calendar 2022. Our major emphasis moving forward will be to improve profitability especially relating to our high cost of capital to better ensure our bottom line matches the strength of our revenue growth.” CBGL has recently announced the addition of several new product categories, including solventless extracts, infused cannabis pre-rolls and innovative categories of cannabis edibles, which are expected to be released near or after the new year. Mr. Tabatabaei continued, “While this past fiscal year was a year of acquisition, product development and of positioning our products and distribution efforts into an increasingly competitive California cannabis market, we anticipate this current fiscal year being one of emphasis on profitability, new product introductions and full utilization of our suburban Los Angeles manufacturing and distribution facilities.”

At the Lynwood facility, the Company plans to manufacture various cannabis edibles based on its internally developed intellectual property, including its high melt cannabis edible technologies specifically designed for the temperature extremes of cannabis delivery.

Cannabis Global also plans to utilize its distribution license to capture the entire production and distribution revenue stream relative to products produced at Lynwood. “We are now in a fortunate position to have a strong combination of proprietary technologies for cannabis edibles, licensed manufacturing, and licensed distribution capabilities,” commented Arman Tabatabaei, CEO.

“We plan to begin production and marketing of unique cannabis edibles under the Northern Lights brand name. Since we control both manufacturing and distribution licenses, we will be able to maximize our revenue and profit opportunities. We are particularly excited about our ā€˜high melt’ technology that allows us to manufacture cannabis edible products with unique thermal protection properties, which we believe offers an advantage relative to the hot Southern California climate and cannabis delivery services, which are certainly growing in popularity.”

Cannabis Global’s product lines to be produced and distributed out of the Lynwood, California facility will be marketed under the Northern Lights brand name. The Company plans to target both the mass market via economy brands and the high end of the edibles marketplace via offerings with exceptionally clean labels based on natural ingredients and solventless extracts. The Company is in the final stages of completing the brand redesign with a top brand designer for Northern Lights

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Comply Bag Technology

 

 

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Cannabis Global in Distribution and Purchase Option Agreement for Cannabis Transport System Comply Bag(R)

LOS ANGELES, CA November 10, 2021 Cannabis Global, Inc. , an innovation-oriented company investing in disruptive cannabis technologies, today announces it has entered into a distribution agreement with Humboldt Bliss to distribute the Company’s Comply BagĀ®, cannabis transport system with integrated smartphone track and trace app.

Cannabis Global

As part of the agreement, the Company also also granted Humboldt Bliss an option to purchase a controlling interest in Ethos Technology LLC, dba Comply BagĀ®, a wholly-owned subsidiary of Cannabis Global, for $4 million, which controls the products and the associated intellectual property.

David Welch, the managing partner at DRWelch, a Los Angeles-based law firm specializing in regulatory compliance and intellectual property issues with a strong specialization in the cannabis industry, who serves as general counsel of Humboldt Bliss, commented, “We see strong possibilities relative to Comply BagĀ® especially relating to what most people in the cannabis industry believe will be an upcoming national market for cannabis. Comply BagĀ® is the best way to stop diversion of cannabis from the legal market into the illicit market and we believe likely to become a standard requirement for Government approved cannabis facilities. As more licensed and legal cannabis commerce occurs, the secure tracking and tracing of cannabis shipments will become a vital interest of both corporations and regulatory agencies.”

 

Ā Comply BagĀ® utilizes proven security, tamper resistance, and tracking

features that will allow cannabis companies to transport products

as safely as large financial institutions transport cash and marketable securities.

The product includes the integration of the METRC applications programming interface (API)

into a custom smartphone app that will allow cannabis shippers and receivers to scan shipments

with the information being integrated directly into the leading cannabis track and trace system.

At least 15 states, including California. #CannabisGlobal

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