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- HTC Extraction Systems has spent 14 years developing its ethanol and solvent-based distillation expertise and is now dedicating itself to cannabinoid extraction and refining using hemp biomass tolling agreements
- The company has completed construction on a 19,000-square-foot facility near Regina, Saskatchewan for hemp biomass processing, extraction, formulation and refining and a 27,000-square-foot hemp biomass processing and storage facility
- HTC is finalizing interior work to make the extraction facility GMP Euro compliant and expects to begin receiving new extraction equipment at the facility next month
- The company closed a bought deal agreement last month that will inject $10 million in funding into the company's operations
Saskatchewan, Canada-based cannabinoid refining innovator HTC Extraction Systems (TSX.V: HTC) is anticipating the arrival of its initial new extraction equipment next month at the company's recently completed 19,000-square-foot facility in Port Lajord, 17 miles southeast of Regina's metropolitan commerce center.
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…
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NOTE TO INVESTORS: The latest news and updates relating to HTC are available in the company's newsroom at http://cnw.fm/HTC
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