01:08 PM EST - The Yield Growth Corp. : Subsidiary Flourish Mushroom Labs Inc. announces that it has acquired technology rights from its parent company The Yield Growth Corp. and filed a U.S. provisional patent for the invention of a method of manufacture for a mushroom extract that may be used in a variety of therapeutic and pharmaceutical formulations. "Our proprietary extraction technology was initially invented to extract compounds from the root of the cannabis plant to manufacture hemp root oil, which we use in a number of our products, including our Urban Juve skincare line," said Penny White, CEO of The Yield Growth Corp. and Flourish Mushroom Labs. "There is now also great interest in using this technology for medicinal mushrooms and psychedelic mushrooms when and where they are legal." As previously announced, Kingdom Brands Management Inc. will pay $500,000 to Flourish in exchange for the rights to use and sub-license the extraction technology in the United States. The Yield Growth Corp.
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