- HTC
Extraction Systems has developed more than a decade’s experience of
building revenues from chemical distillation, and is now using that
skillset to enter the increasingly popular arena of cannabinoid
consumerism
- The
company is finalizing the equipping of facilities in western Canada and
California as its cannabinoid extract tolling operations grow
- HTC’s
most recent financial report celebrated rising revenues, with a
year-over-year increase of nearly 200 percent
In the United States, this year’s national elections promise
to keep federal cannabis policy in the spotlight as the large majority of
Democratic challengers are fine tuning their pro-pot policies and surveys are
showing the majority of Americans prefer more sweeping legalization than
federal agencies have been willing to pursue under presidential administrations
thus far (http://ibn.fm/kvgTU).
Regardless of the elections’ outcomes, it’s clear that
cannabinoid producers and cannabinoid products have been gaining ground in
terms of public acceptance and legal permissiveness in most areas of the
country. Federal legalization in Canada and Mexico is developing a geopolitical
bloc for North American cannabinoid advocates.
HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) has
turned its proprietary purification technologies to the task of producing
profits within the realm of cannabinoids’ ballooning popularity. The
Saskatchewan, Canada-based company is completing new facilities on western
Canada’s vast farmlands for harvesting ethanol and ethanol-based extracts from
hemp for the cannabidiol (CBD) food and pharmaceutical markets, while extending
its reach into the United States through a November purchase agreement which
granted the company ownership of Kase Farma Inc., a company authorized to work
with hemp cultivation, extraction, refining, formulation and distribution in California (http://ibn.fm/HvRVX).
HTC’s third-quarter financial statement noted revenues had
grown by nearly 200 percent in year-over-year quarterly returns, from $1.3
million at the close of September 2018 to $3.3 million by September of this
year (http://ibn.fm/vYOVo).
Year-end financials are pending.
The company is pursuing a “BOOM” business model in which HTC
either obtains participating equity ownership in a production chain partner or
uses tolling agreements to keep a percentage of the CBD extract it distills for
future sales and offtake agreements, including sales to the cannabinoid
pharmaceutical market – building, owning, operating and maintaining its own
resources.
HTC has developed and improved on its proprietary systems
for biomass, gas and liquid extraction over the course of 14 years. Its
trademarked Delta Reclaiming System technology is founded in distillation
processes that remove ethanol and ethanol-based solvents used in the extraction
process, and the company expects to distribute its CBD through its partnership
with Purely Canada Foods.
Purely Canada Foods has been a standard bearer for national
pride, providing quality-assured branded products to numerous countries in the
North American, Asian, European and African markets (http://ibn.fm/r9Mkq). HTC
believes its patented Delta Purification System is now the best available
environmental reclaiming technology for the clean energy and biomass extraction
industries.
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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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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