NetworkNewsBreaks – HTC Extraction Systems (TSX.
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Posted On: 11/27/2019 3:51:12 PM
NetworkNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Advances Toward Equipment Installation at Hemp-Biomass Extraction Facility
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://nnw.fm/86RUk). . . . 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.”
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 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://nnw.fm/86RUk). . . . 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.”
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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