NetworkNewsBreaks – HTC Extraction Systems (TSX.
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HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a hemp-biomass processing entity, recently announced financial results for third quarter that showed a year-over-year (“YoY”) revenue increase of over 2.5 times. An article discussing the company reads, “HTC’s revenues grew from $1.3 million at the September close of the quarter in 2018 to $3.3 million at the quarter’s end this year, according to the report (http://nnw.fm/8JyxJ). . . . The revenue gains continue to reflect growth in the company’s agri-infrastructure operation, but HTC anticipates significant new potential in the explosive growth of cannabinoid-related industries and is building hemp-biomass tolling contracts and extraction facilities to process harvested plants for the cannabidiol (CBD) food and pharmaceutical markets.
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