420 with CNW — Ways Marijuana Extraction Companies Can Minimize Energy Costs

Power costs are among the highest costs for any facility that manufactures marijuana. The cannabis industry’s energy consumption has a negative effect on climate change as well as the environment. For environmentally conscious marijuana extraction companies that would prefer to operate in a more sustainable manner, decreasing energy use should be a top priority.

To decrease their power consumption and costs, marijuana extraction companies can:

  • Make use of manufacturing environmental standards that increase efficiency and decrease waste.
  • Use equipment that keeps power consumption under control.
  • Operate their machines during off-peak hours when electricity costs are lower.

The above tips sound simple enough. However, when one considers that most shifts operate during the day when electricity prices are higher, this may not be as easy to implement.

So, how can extraction companies go about this?

Well, for starters, companies need to draw up a plan that considers workforce management and incentives available for workers, as this will make it easier for companies to run machines at night instead of during the day. Extraction manager at High Life Farms Connor Schilling reveals that he pays his workers more per hour to work the night shift, weighing the savings on energy against the added labor costs.

Additionally, a company can look for ways to store cheaper energy and utilize it during the day. For instance, if a company uses an air compressor for its operations, consider filling the tank at midnight rather than at midday.

Carlos Perea, the CEO of Terra Vera, an agricultural technology firm based in New Mexico, reveals that the company also balances higher energy costs against paying employees more to work a graveyard shift.

In addition, he states that Terra Vera is looking for ways to store energy generated by renewable energy or during off-peak hours and adds that batteries from the traditional grid or those charged by solar panels are a good solution.

A company can also assign employees to carry out other tasks that don’t need electricity when energy prices are at their highest and use energy-efficient equipment. Perea notes that increasing the efficiency of extraction equipment will not only make it easier to capture more terpenes and cannabinoids but will also reduce the energy required by manufacturers to produce a higher-quality product.

Furthermore, creating and adopting sustainable extraction practices allows companies to improve their productivity and decrease their process cycle, which translates to a smaller influence on the environment and less power usage.

Companies operating within the cannabis space, such as XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), are constantly looking for ways to optimize their operations, especially those looking to develop cannabis-based drug formulations whose final cost must be kept as affordable as possible for the intended beneficiaries. Maximizing the benefits of the suggestions above would go a long way towards helping them attain their objectives.

NOTE TO INVESTORS: The latest news and updates relating to XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) are available in the company’s newsroom at https://cnw.fm/XPHYF

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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