- HTC acquires California hemp-based extraction, formulation and refining operation of Kase Farma and completes tolling contracts
- HTC has finalized construction of two new hemp biomass processing and storage facilities, with extraction equipment set to arrive in December 2019
- Canada’s cannabis industry will total $3.7 billion by the end of 2020
- U.S. sales of hemp-based CBD products set to grow at a CAGR of 147 percent, reaching $22 billion by 2022
HTC Extraction Systems (TSX.V: HTC), a hemp-biomass extraction and formulation company, is well positioned to profit from the fast-growing hemp and CBD, CBG and CBN market, in light of recently announced strategic initiatives ranging from new tolling contracts to the completion of two facilities and the signing of a Share Purchase Agreement with Starling Brands Inc., acquiring Kase Farma Inc., in Ceres, California , a hemp-based extraction, formulation and refining operation.
Kase Farma is authorized to operate in the areas of hemp extraction, refining, formulation and distribution of CBD, CBG and CBN in the State of California. Kase Farma, will receive and commission equipment that is able to process and distill 12,000 lbs. per day of dried biomass at its “IPElite Extraction” operation in…
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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