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://cnw.fm/uMc95). 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).”
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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.
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