HOLLYWOOD, FL, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) (“HCMC or the “Company”) is proud to announce that the patent application pending on its Q-Cup™ technology has been allowed by the U.S. Patent and Trademark Office. All requirements for patentability have been met and the Q-Cup™ Patent will be issued within the next 60 to 90 days.
In addition to the recent allowance of HCMC’s U.S. patent applications related to its coil technology which heats the Q-Cup™ 360° degrees around, as well as from underneath and radiantly from above, the Q-Cup™ itself is now subject to patent protection.
The Q-Cup™ is a small, quartz cup, which is partially filled with either cannabis or CBD concentrate (approximately 50mg). The Q-Cup™ is then inserted into the patented Q-Cup™ Tank or Globe, that heats the cup from the outside without coming in direct contact with the solid concentrate.
This Q-Cup™ technology provides significantly more efficiency and an “on the go” solution for consumers who prefer to vape concentrates either medicinally or recreationally. Whereas 50mg of either substance vaped traditionally from a metal coil or ceramic chamber would typically provide a single dose of cannabis or CBD, that same 50mg will provide 8-10 doses to the average consumer when used in this ground breaking technology.
In addition, the Q-Cup™ technology provides far superior taste since the concentrates are being vaped directly off of the quartz Q-Cup™, as opposed to a metal coil or ceramic chamber.
“Although we were confident that this patent would ultimately be allowed and subsequently issued, the timing is especially gratifying. In just a few weeks, we will be making our first major Q-Cup™ delivery to our exclusive partner in Nevada at MJ Holdings, Inc. (OTC: MJNE). The delivery of these approximately 800,000 Q-Cups™ and the launching event being held by MJNE are significant milestones for both companies,” said Jeff Holman, CEO of HCMC.
Mr. Holman continued, “During strategic discussions with MJNE spanning beyond our $2 million Exclusivity Agreement for the State of Nevada, which was executed in August of this year, we addressed the importance of having U.S. patents in place for our Q-Cup™ technology as quickly as possible. We are all pleased that the anticipation is over, and the patent protection is now reality. The patents associated with the Q-Cup™ technology will be the eighth, ninth, and tenth granted to HCMC in less than two years.”
About Healthier Choices Management Corp.
Healthier Choices Management Corp. is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives. One segment of our business is our natural and organic grocery operations in Ft. Myers, Florida. Another segment is a U.S. based retailer of vaporizers and e-liquids. HCMC sells direct to consumer via company-owned brick-and-mortar retail locations operating under "Ada's Natural Market" and "The Vape Store" brands. The newest emerging division of HCMC is our technology and IP to the cannabis and CBD market.
Healthier Choices Management Corp. Inc. (www.healthiercmc.com).
Forward Looking Statements.
This press release contains forward looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission or otherwise. Statements contained in this press release that are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are based on management's estimates, assumptions and projections and are not guarantees of future performance.
The Company assumes no obligation to update these statements. Forward looking statements may include, but are not limited to, projections or estimates of revenue, income or loss, exit costs, cash flow needs and capital expenditures, statements regarding future operations, expansion or restructuring plans, including our recent exit from and winding down of our wholesale distribution operations. In addition, when used in this release, the words "anticipates," "believes," "estimates," "expects," "intends," and "plans" and variations thereof and similar expressions are intended to identify forward looking statements.
Factors that may affect our future results of operations and financial condition include, but are not limited to, fluctuations in demand for our products, the introduction of new products, our ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of our liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in our filings with the United States Securities and Exchange Commission.