HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a hemp-biomass processing entity, is positioned to profit following major investments and acquisitions in the quickly expanding cannabidiol (“CBD”) and cannabinoid market. An article discussing the company reads, “As a developer of proprietary gas, liquid and biomass extraction systems that are designed for the extraction of gas, liquids and biomass, and the distillation and purification of ethanol and ethanol-based solvents used for this extraction, HTC Extraction Systems has a highly positive outlook when it comes to CBD market expansion, with major investments in the acquisition of extracting, purifying and refining equipment. . . . Demand for cannabinoids is growing constantly and, given that cannabis is still a Schedule 1 drug according to the federal government, extraction from cannabis comes with certain legal risks. To avoid legal issues, many companies, including HTC Extraction Systems, focus their efforts on extracting cannabinoids from hemp. This has led to the fast expansion of the hemp industry and especially of the hemp-derived CBD market. According to industry analyst Brightfield Group research, U.S. sales of hemp-based CBD products are projected to reach $22 billion by 2022, up from $591 million in 2018. This is equivalent to a CAGR of 147% (http://cnw.fm/oCrb7). ”
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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.
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