Hemp biomass cultivation, extraction, formulation and refining entity HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) is slated for market growth through 2020 as the U.S. hemp-based, CBD-products market continues to flourish. A recent article discussing the company reads, “Overall, HTC Extraction Systems has a highly optimistic outlook when it comes to its extraction market expansion, where it is already a key player. The company expects a wealth of opportunities for growth in the near future, given the rapid expansion of the cannabinoid market as a whole. 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/d0qTB). CBD derivatives such as vapes and edibles are expected to generate $900 million in 2020 (http://cnw.fm/60DBi). Canada legalized limited forms of recreational cannabis for adult users in the fall of 2018. Sales of these increasingly popular products demonstrate sustainable growth, which will reflect on HTC’s bottom line.”
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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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