- 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
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