Society Pick of The Week

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF)

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) 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 & 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.

Considerations:

• Closed CAD$10 million bought deal private placement of units led by Canaccord Genuity Corp. (Oct. 22, 2019);
• HTC’s business model includes owning physical assets at extraction and purification facilities to serve the clean energy and hemp biomass industries;
• Hemp biomass tolling contracts with producers and hemp biomass providers are either signed or being negotiated in Canada and the U.S.;
• HTC will provide “local to grower” drying-to-biomass storage capability and transportation of dried biomass to HTC extraction facilities;
• HTC is constructing a 19,000-square-foot GMP Euro compliant extraction tolling facility near Regina, Saskatchewan; and
• HTC has developed and optimized proprietary extraction and purification systems for biomass, gas and liquid extraction.