- HTC has completed a 19,000-square-foot tolling facility near Regina, Saskatchewan that will house extraction and are awaiting GMP Euro compliance
- Company closed a $10 million private placement of 25 million units to fund expansion operations
- U.S. sales of hemp-based CBD products to peak at t $22 billion in two years, projected CAGR of 147 percent
HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a hemp biomass cultivation, extraction, formulation and refining entity, is positioned for a truly soaring bottom line driven by major investments and acquisitions in the fast-growing cannabidiol (CBD) and cannabinoid market. The company recently closed a private placement with gross proceeds of $10 million to finance 25 million units of the company (http://cnw.fm/8fBRa) – proceeds used to fund growth plans.
To this end, HTC recently acquired California-based Kase Farma Inc., (www.KaseFarma.com) which aims to provide users the health and wellness benefits of CBD, cannabigerol (CBG), cannabinol (CBN) and other cannabinoids by producing high-quality, premium hemp goods using best of class methods and maintaining a…
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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