HTC Extraction Systems (TSX.V: HTC), a hemp-biomass processing entity, recently completed its 19,000-square-foot facility in Port Lajord and is anticipating the arrival of its initial new extraction equipment in December 2019. An article discussing the company reads, “Installation of the extraction and formulation equipment will mark the next major stage for the company’s strategy of building on hemp biomass tolling contracts on both sides of the U.S.-Canada border to extract CBD full-spectrum oil (‘FSO’) and to keep a percentage of the distillate for future sales and offtake agreements, including sales to the cannabinoid pharmaceutical market. Bought-deal, private-placement financing that closed last month is injecting aggregate gross proceeds of C$10 million into the venture (http://cnw.fm/9JGzx). . . . The Port Lajord facility has been designed to be one of the highest performance facilities in Canada for hemp-biomass processing, extraction, formulation and refining, and interior work is ongoing to establish it as GMP Euro compliant. It will also house quality assurance testing and product development laboratories.”
To view the full article, visit http://cnw.fm/4Ovkb
About HTC Extraction Systems
HTC Extraction Systems has developed and optimized proprietary technologies designed for biomass extraction, distillation and purification of ethanol and ethanol-based solvents used for the hemp-biomass and cannabidiol (“CBD”) industry as well as gas and liquid extraction. HTC’s extraction and purification systems are engineered to large scale to reduce capital and operating costs while delivering superior performance measured by reduced energy usage, lowered emissions and improved quality of the product produced. For more information, visit the company’s website at www.HTCExtraction.com.
NOTE TO INVESTORS: The latest news and updates relating to HTC are available in the company’s newsroom at http://cnw.fm/HTC
About CanadianCannabisWire
CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.canadiancannabiswire.com
Please see full terms of use and disclaimers on the CanadianCannabisWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
Do you have a questions or are you interested in working with CNW? Ask our Editor
CanadianCannabisWire (CNW)
Toronto, Ontario
www.canadiancannabiswire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com
