CBDNewsBreaks – HTC Extraction Systems (TSX.V: H

CBDNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Creates Proprietary, Ethanol-Based Distillation System

Gas, liquids and biomass extractor and refiner HTC Extraction Systems (TSX.V: HTC), together with its subsidiaries, has developed a proprietary. ethanol-based distillation system called the Delta Purification System(R), which works with the company’s DeltaSolv(TM) technologies. An article discussing the company reads, “The condensed report, covering HTC Extraction Systems and its subsidiaries for the interim six-month period ended June 30, states that the company’s carbon-dioxide extraction business and material-handling operations drove revenues from $560,260 in 2018 to $1.85 million this year (http://cnw.fm/34WDf). . . .During that same period, the company’s total assets increased from $34.07 million to $35.29 million as HTC Extraction Systems built its strategy for extracting cannabidiol full-spectrum oil (‘CBD FSO’) from hemp biomass for distillation. The company and its subsidiaries believe that their patented Delta Purification System offers the best available environmental reclamation technology for the clean-energy-extraction and biomass-extraction industries. HTC has finalized a hemp-biomass tolling agreement that will result in the company processing an expected five million kilograms of identity-preserved, production hemp biomass, and it is completing negotiations to establish an identity-preserved, production-hemp-biomass tolling contract with a 60,000-acre, recognized Canadian farm leader and significant hemp-biomass producer to extract the CBD FSO. The company then plans to use the tolling fee payable under the tolling contracts in sales and offtake agreements with its related entity, Purely Canada Foods.”

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