HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a
hemp-biomass processing entity, recently entered into a share and purchase
agreement with Starling Brands Inc. to acquire Starling’s subsidiary Kase Farma
Inc., a company authorized to work with hemp cultivation, extraction, refining,
formulation and distribution in California (http://ibn.fm/lN883). A recent article discussing the
company reads, “Starling executives anticipate that 2020 may be the biggest
year ever for hemp and cannabis policy reform in the United States, given
recent changes in the regulatory landscape such as the 2018 Farm Act’s passage
by Congress and the president, the SAFE Banking Act’s passage by the House of
Representatives this year and the Congressional introduction of the
marijuana-decriminalizing MORE Act. . . . Kase Farma is preparing new equipment
for processing and distilling up to 12,000 pounds per day of dried hemp biomass
for the coming year’s hemp-cultivation season, and HTC is likewise preparing to
process hemp biomass in Saskatchewan under a tolling strategy coordinated with
area farmers. . . . HTC expects to sell extracted cannabidiol (CBD) through
brands under its related entity, Purely Canada Foods, including Purely Canada
Hemp(TM), Purely Canada CBD(TM), Purely Canada CBG(TM) and Purely Canada
Cannabinoids(TM).”
To view the full article, visit http://ibn.fm/EZx0X
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.
NOTE TO INVESTORS: The latest news and updates
relating to HTC are available in the company’s newsroom at http://ibn.fm/HTC
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