- U.S. sales of hemp-based CBD products to reach $22 billion by 2022
- HTC Extraction Systems recently closed $10 million bought deal private placement of units to fund expansion operations
- Company has developed a 19,000-square-foot GMP Euro compliant extraction tolling facility near Regina, Saskatchewan
- Patented technology is designed to reduce CBD waste during extraction process
HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) is feeling positive about 2020 based on its unique “local to grower” drying-to-biomass storage capability and transportation of dried biomass to its extraction facilities. In addition, HTC’s patented Delta Purification technology recycles, reuses, and purifies the extraction ethanol used in the cannabidiol (CBD) extraction process, being designed to optimally manage and reduce any CBD waste losses by re-extracting all wastes the purified ethanol yields.
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…
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