- For some 15 years, HTC Extraction Systems has built an IP that distills and recycles ethanol and ethanol-based solvents, and is now turning its experience to the cannabinoid extract industries’ potential
- While regulatory federal officials in the United States continue to regard cannabinoid extracts such as cannabidiol (CBD) as potentially unsafe for ingestion, the producers of topicals and oils served by extractors such as HTC Extraction Systems continue to enjoy high-margin possibilities
- The company is installing new equipment at the California-based and Saskatchewan facilities that will give it the capacity to process up to 12,000 pounds of hemp biomass per day at the California site and up to 2 million kg per year for phase 1 at the Canadian site
- HTC’s most recent financial report stated revenues had risen nearly 200 percent on a year-over-year basis, despite the market difficulties many industry players faced during the year
Despite a growing social acceptance, and in many cases even an active embrace, of cannabinoid-derived products for enhancing personal wellness, regulatory liberation in the United States has remained ambivalent and the cannabinoid industry’s biggest players have seen their stocks hammered by a variety of adverse forces throughout North America (http://cnw.fm/sRAo0).
The federal government delivered hope to cannabinoid connoisseurs at the end of 2018 with its passage of the Farm Act that lifted prohibitions against hemp cultivation, but the end of 2019 brought the Food and Drug Administration’s (FDA’s) less-than-encouraging warning that…
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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