High Sierra Technologies

What High Sierra Technologies does

High Sierra Technologies, Inc. is a Nevada-incorporated, OTC-traded public company (ticker HSTI, headquartered in Reno) that develops and licenses patented processes for producing substantially odorless and tasteless cannabis products, along with a related capability to convert residual THC in hemp into cannabinol (CBN). Its intellectual property estate, invented by CEO Vincent C. Lombardi, PhD, comprises 44 granted patents across 42 countries — four US patents (10,737,198; 10,835,839; 11,338,222; 12,458,906), one Canadian patent (3,031,123), and one European patent (EP3743055) validated in 39 EPO member states, plus continuation-in-part applications still pending. By operating as an IP licensor rather than a plant-touching cultivator, manufacturer, or retailer, HSTI structures around the US federal illegality of cannabis: royalties are collected through conventional banking, interstate commerce is unconstrained, and the company is insulated from the federal-level enforcement risk that periodically disrupts cannabis operators.

The business generates revenue through two channels. The primary model is technology licensing to cannabis producers and processors in the United States, Canada, and the European Union, including direct outreach to major tobacco companies seeking defensible entry into the smokable cannabis segment. The second channel is the company's own consumer brand, Hush Puppy, a line of low-odor cannabis cigarettes commercialized through an exclusive license with Seventh Wave, LLC, a Humboldt County cannabis processor; Hush Puppy was launched at the Hall of Flowers trade show in March 2025 and as of July 2025 was available in 10 licensed dispensaries in Northern California, with state-by-state trademark filings in progress. Marketing and distribution rely on industry trade shows, targeted press releases, and an active social media presence rather than a direct sales force.

Capitalization has been carried by private placements to accredited investors: a 2020 offering of 2,000,000 shares at $1.50 per share (up to $3,000,000) and a 2025 offering targeting $10,000,000 at $1.00 per share, with Admiral Investment Banking engaged as exclusive placement agent and Artemis Holdings Group LLC retained on IP monetization. The senior team combines founder/CEO Vincent C. Lombardi (immunologist and named inventor), CFO/COO/General Counsel Gregg W. Koechlein (operator who previously grew Super Shops from 53 to 165 stores and from $80M to ~$250M in revenue), VP Sales and Marketing/IR Jeffrey Pogol, and a Scientific Advisory Committee chaired by Glenn C. Miller, PhD, with Senior Chemist Rainer Busch, PhD leading processing facility implementation. No revenue figures, financials, or institutional ownership percentages are disclosed in the available sources.

Name

High Sierra Technologies

Legal name

High Sierra Technologies, Inc.

Website

https://high-sierra.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

High Sierra Technologies is a Nevada public company (OTC: HSTI) that develops and licenses patented low/no-odor cannabis technology to producers in the US, Canada, and the EU, and distributes its owned Hush Puppy cannabis cigarette brand through California dispensaries via licensee Seventh Wave, LLC.

Ownership category

akta.pro rank

Product category

Cannabis Technology Licensing

NAICS

Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers (459991), Medicinal and Botanical Manufacturing (325411), Pharmaceutical and Medicine Manufacturing (32541)

SIC

Patent Owners & Lessors (6794), Pharmaceutical Preparations (2834), Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Adult-Use (Recreational) Cannabis Dispensaries (CRANAFAA)

akta.pro secondary industries

Medical Cannabis Dispensaries (CRANAFAB), Hemp-Derived Delta-8/Delta-9/THC-A Specialty Retail (Where Legal) (CRANAHAD)

Keywords

• Cannabis technology licensing
• Odor removal technology
• Low odor cannabis
• Cannabis intellectual property
• Flavored cannabis products

Headquarters

HQ city

Reno

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Technology Licensing: HSTI licenses its patented technologies for low-odor cannabis production to cannabis companies. Licensing revenue is generated from producers in the US, Canada, and European Union who use the technology to create odorless cannabis products.
2. Private Placement / Equity: The company raises capital through private placement offerings to accredited investors. Shares trade on OTC markets under symbol HSTI.
3. Branded Product Sales (via Licensee): Through its licensing partnership with Seventh Wave, HSTI's Hush Puppy brand of low-odor cannabis cigarettes is sold at dispensaries, generating revenue through the licensee relationship.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

High Sierra Technologies develops and licenses patented technology that removes volatile organic compounds from cannabis and adds volatile unsaturated hydrocarbons to produce substantially odorless and tasteless cannabis products while preserving potency. The company also licenses capabilities for THC-to-CBN conversion and custom-flavored variants (including menthol), and supports the Hush Puppy™ branded line of low-odor cannabis cigarettes produced by its licensee Seventh Wave, LLC.

Product overview

High Sierra Technologies operates as a cannabis technology licensing company offering a portfolio of patented odor-removal technologies and branded products. The core offering is the company's proprietary low-odor cannabis technology (licensed to processors and manufacturers), while the consumer-facing Hush Puppy™ brand represents the company's direct-to-market product line. The technology platform enables creation of substantially odorless cannabis cigarettes and custom flavored products through a licensing model targeting tobacco companies, cannabis producers, and dispensaries.

Differentiator

Problem solved

Functional benefit

Brands

• Hush Puppy™: Low-odor marijuana cigarettes brand launched through strategic licensing agreement with Seventh Wave, LLC. The brand offers cannabis products without the characteristic pungent odor associated with smoking cannabis, providing discretion for consumers.

Products and services

• Low-Odor Cannabis Technology Licensing Licensing of HSTI's patented process for producing substantially odorless and tasteless cannabis and hemp products while preserving potency; licensed to cannabis producers, processors, and manufacturers in the US, Canada, and the European Union.
• Hush Puppy™ Low-Odor Cannabis Cigarettes Consumer-facing low-odor cannabis cigarette brand produced by licensee Seventh Wave, LLC in California under HSTI's patented odor-removal technology; sold through licensed dispensaries in Northern California.
• Custom Flavored Cannabis Products Technology Licensable technology enabling producers to create custom-flavored cannabis products, including menthol-flavored variants, by leveraging HSTI's patented IP portfolio.

Quantifiable outcome

• Hush Puppy products now available in 10 California dispensaries with expansion ongoing
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Seventh Wave, LLCcoreOEM/ Whitelabel/ Licensing Partner · 17 August 2025Strategic licensing agreement with Seventh Wave, LLC, a respected Humboldt County cannabis processor and distributor. Seventh Wave produces and distributes Hush Puppy brand low-odor cannabis cigarettes in California. This is the first commercial utilization of HSTI's patented technologies in the US consumer marijuana marketplace, with products now available in 10 licensed dispensaries in Northern California.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Cookies: Cannabis brand company built on proprietary strains, branded products, and dispensary retail. Comparable to HSTI's Hush Puppy strategy of using branded, differentiated SKUs (low-odor cannabis cigarettes) sold through licensed dispensaries to command premium positioning.
• STIIIZY: Multi-state cannabis brand with strong dispensary presence and proprietary hardware/product technology. Comparable to HSTI as a brand-plus-technology play targeting licensed retail channels with differentiated consumer experience.
• Jeeter: Leading cannabis pre-roll brand emphasizing convenience, discretion, and consumption format innovation. Most directly comparable to HSTI's Hush Puppy on the discreet-consumption, pre-roll/cigarette-format product thesis within licensed dispensaries.
• Cronos Group: Canadian cannabis operator with a strategic ~37% stake held by Altria. Highly comparable to HSTI's stated exit thesis: a cannabis IP/branding platform positioned as the vehicle through which a major tobacco company (Altria) enters the cannabis category.
• Charlotte's Web Holdings: Hemp-derived CBD wellness brand with patented proprietary genetics and branded product lines. Comparable to HSTI on the branded, patent-protected botanical product side and on hemp-derived specialty positioning (HSTI's THC-to-CBN conversion tech is adjacent).

Broad incumbents

• Jazz Pharmaceuticals: Pharmaceutical company that acquired GW Pharmaceuticals (Epidiolex, the first FDA-approved plant-derived cannabis medicine). Comparable as a reference point for a regulated-pharma exit path for cannabis IP and as the embodiment of the 'cannabis-as-medicine' framing HSTI invokes.
• Altria Group: Largest US tobacco company (Marlboro, NJOY) actively expanding into cannabis via Cronos and other investments. Directly relevant as a named acquisition target for HSTI and as the incumbent tobacco reference point for the company's menthol/low-odor product thesis.
• Canopy Growth Corporation: Large multi-jurisdiction cannabis operator with brand portfolio, IP, and distribution across Canada, US, and Europe. Comparable as a broad incumbent that could be both a competitor and a potential HSTI licensee/acquirer for low-odor technology.
• Pyxus International: Tobacco leaf processor (formerly Alliance One International) repositioning into cannabis/hemp processing and ingredients. Comparable to HSTI as a tobacco-rooted player building cannabis-adjacent IP and processing technology targeting multi-state producers.
• Tilray Brands: Multi-national cannabis and CPG company with branded product lines across medical, recreational, and wellness. Comparable as an incumbent cannabis brand operator that could absorb HSTI's low-odor IP into its existing brand portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HighSierraTech
• YouTubeyoutube.com/channel/UCGqR7qINFVF8xwk1JE37uXA
• Facebookfacebook.com/highsierratech
• LinkedInlinkedin.com/company/highsierratech
• Instagraminstagram.com/highsierratech

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about High Sierra Technologies