HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a hemp-biomass processing entity, is leveraging its patented Delta Purification(TM) technology that reduces cannabidiol (“CBD”) waste during the extraction process to position itself for success in the booming market. A recent article discussing the company reads, “A hemp biomass cultivation, extraction, formulation and refining entity, HTC is a force to be reckoned with in the CBD extraction market, as U.S. sales of hemp-based CBD products are projected to reach $22 billion by 2022, up from $591 million in 2018 (http://cnw.fm/NSdf3). CBD derivatives alone are expected to generate $900 million in 2020 (http://cnw.fm/pEBb3). These include CBD-infused topicals, edibles, and vapes. . . . In this fast-growing market, HTC Extraction Systems is hard at work to expand operations and position itself as a major provider of CBD extraction services, having already deployed extensive investments in the acquisition of extracting, purifying and refining equipment. Recently, HTC closed a bought deal private placement with gross proceeds of $10 million (http://cnw.fm/3zuJJ) to finance 25 million units of the company. The proceeds are used to fund the company’s future growth plans.”
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About HTC Extraction Systems
HTC Extraction Systems has developed and optimized proprietary technologies designed for biomass extraction, distillation and purification of ethanol and ethanol-based solvents used for the hemp-biomass and cannabidiol (“CBD”) industry as well as gas and liquid extraction. HTC’s extraction and purification systems are engineered to large scale to reduce capital and operating costs while delivering superior performance measured by reduced energy usage, lowered emissions and improved quality of the product produced. For more information, visit the company’s website at www.HTCExtraction.com.
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