- HTC Extraction Systems is advancing its strategy to use its ethanol-based distillation know-how to extract and refine cannabidiol full spectrum oil in Canada and the United States
- The company’s proprietary Delta Purification system and DeltaSolv technologies will be housed in a Saskatchewan biomass processing facility, with a future second facility anticipated in the United States
- HTC closed a bought deal agreement on October 22 worth $10 million in funding for the company’s operations
- The company reported unaudited interim condensed consolidated financial results in August that showed the company experienced a three-fold increase in revenue for the year
HTC Extraction Systems (TSX.V: HTC) is advancing its plans to become one of the largest extraction, distillation and refining operators in North America in the market for fully integrated hemp, cannabidiol (CBD) and other cannabinoid products following the closing date for a bought deal agreement that is set to add C$10 million in aggregate gross proceeds to HTC’s coffers.
HTC has developed and subsequently improved on proprietary systems for biomass, gas and liquid extraction, founded on the distillation of ethanol and ethanol-based solvents used in the extraction process. The company is developing an extraction, distillation and refining strategy that derives hemp biomass product from farmers through tolling contracts in Canada and…
NOTE TO INVESTORS: The latest news and updates relating to HTC are available in the company’s newsroom at http://cnw.fm/HTC
About CBDWire
CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.
To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CBDWire.com
Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer
Do you have a questions or are you interested in working with CNW? Ask Our Editor
CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
[email protected]