NetworkNewsBreaks – HTC Extraction Systems (TSX.
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Posted On: 09/18/2019 4:01:03 PM
NetworkNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Securing Several Hemp Biomass Tolling Contracts
HTC Extraction Systems (TSX.V: HTC), a gas, liquids and biomass extractor and refiner, recently entered into a tolling agreement to process five million kilograms of hemp biomass. An article discussing the company reads, “HTC recently announced its entry into a hemp-biomass tolling agreement, which will involve the processing of hemp biomass for the 2019 crop year (http://nnw.fm/FE4Rs). The agreement covers 4,200–5,000 acres of hemp in Saskatchewan, utilizing five varieties of Health Canada-approved cultivars as the genetic foundation. HTC will process an estimated five million kilograms of hemp biomass to extract CBD full-spectrum oil (FSO). The company will be paid a ‘toll fee,’ or a percentage of the extracted CBD FSO distillate, for its processing, extraction, purification and distillation services. Toll fees are payments made to companies that provide specialized manufacturing or processing services. . . . Additionally, HTC is in negotiations with a large hemp-biomass producer that has some 60,000 acres of hemp under cultivation. The company intends to enter into a tolling contract with this producer for production crop years 2019, 2020, 2021 and beyond. Hemp biomass tolling contracts with producers are also being negotiated in the United States for the 2020 hemp-crop growing year, under which HTC will provide local-to-grower, drying-to-biomass storage capability and transportation of dried biomass to an HTC extraction facility.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
HTC Extraction Systems (TSX.V: HTC), a gas, liquids and biomass extractor and refiner, recently entered into a tolling agreement to process five million kilograms of hemp biomass. An article discussing the company reads, “HTC recently announced its entry into a hemp-biomass tolling agreement, which will involve the processing of hemp biomass for the 2019 crop year (http://nnw.fm/FE4Rs). The agreement covers 4,200–5,000 acres of hemp in Saskatchewan, utilizing five varieties of Health Canada-approved cultivars as the genetic foundation. HTC will process an estimated five million kilograms of hemp biomass to extract CBD full-spectrum oil (FSO). The company will be paid a ‘toll fee,’ or a percentage of the extracted CBD FSO distillate, for its processing, extraction, purification and distillation services. Toll fees are payments made to companies that provide specialized manufacturing or processing services. . . . Additionally, HTC is in negotiations with a large hemp-biomass producer that has some 60,000 acres of hemp under cultivation. The company intends to enter into a tolling contract with this producer for production crop years 2019, 2020, 2021 and beyond. Hemp biomass tolling contracts with producers are also being negotiated in the United States for the 2020 hemp-crop growing year, under which HTC will provide local-to-grower, drying-to-biomass storage capability and transportation of dried biomass to an HTC extraction facility.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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