420 with CNW – Illinois Pot Companies Sell Marijuana Worth Almost $40M in January

The adult-use marijuana industry in the state of Illinois started on a high note. On Monday, the Department of Financial and Professional Regulation announced that in the month of January, marijuana sales came to a total of $39.2 million.

Recreational marijuana sales became legal on the Jan. 1, 2020, and within January, marijuana customers bought approximately one million cannabis products. The majority of the marijuana products were purchased by residents of Illinois and this amounted to $30.6 million, while $8.6 million was purchased by out-of-state consumers.

The sales figures above do not account for medical marijuana sales; it is only for recreational marijuana sales. Illinois Supply and Provisions, which was previously called HCI Alternatives, is located in the Collinsville, and it is the only dispensary selling both adult-use and medical marijuana in the Metro East. The customer waiting time ranges from 90 to 120 minutes.

The regional director Kathleen Olivastro said that she is amazed that the queues are still present. And he noted that it is the new normal.

The one-month sales figures in Illinois outpaced all the other states’ sales numbers. For instance, recreational marijuana sales in Colorado did not hit the $40 million mark in one month until March 2015. Similarly, recreational marijuana sales in Washington did not hit the target until May 2015, which shows that both states were a year into their respective marijuana programs when they hit that milestone.

The shortage of marijuana flower in Illinois has prompted marijuana dispensaries across the state to limit the amount of marijuana sold to consumers or cutting back on days open to recreational customers.

Olivastro said that in order to keep up with consumer demand, Illinois Supply and Provisions keeps rotating the products available in the store.

She further said that before the day starts, they identify items of the day so as to offer the customers a wide range of healthy supply. The system helps the dispensary serve the consumers daily despite the shortage, said Olivastro.

Currently, recreational marijuana demand in the Metro Area of Collinsville is high, as it has only one dispensary open. The Green Solution Dispensary based in Sauget has a permit but is yet to announce when it will start operating.

Collinsville assistant city manager Derek Jackson said that the location of the dispensary had facilitated many trips in Collinsville in a positive way.

Jackson further said that he is hoping that the people who drive to Collinsville to buy adult-use cannabis also use money to eat in a restaurant or purchase gas before leaving. Since the city also imposes a sales tax on individual marijuana sales, it stands on making between $1 million and $1.3 million each year as tax proceeds.

Jackson further said that they have seen reports of cities making between $3 million to $4 million annually and that they are expecting that estimate conservatively.

Industry watchers strongly believe that the entire cannabis industry, including sector players like HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), are glad that the industry has taken off to such a dream start.

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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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420 with CNW – In-Store Marijuana Dispensary Trends to Watch This Year

It is the nature of any new industry to have rapid trend changes, and the marijuana market is not an exception. Changes are therefore most likely be visible on the shelves at your local dispensary.

Lately, you may have noticed that shorter lines and fewer people are seen queuing at the dispensaries; this is because digital kiosks are serving the customers faster. Marijuana customers will also be able to purchase more CBD-infused products as it is the product that is legal in many states in the U.S. this year.

Discussed below are some of the in-store dispensary trends to watch out for in 2020.

Try Marijuana Products That are Low in Dosage

More people who have never consumed weed are daring to try it out as the marijuana market expands. However, they do not want to be too high to the extent that they risk losing control of themselves; thus, they are looking to manage their experience by consuming low dosage products, which are currently on the rise. This type of low dosage is known as microdosing or precise dosing. As the marijuana market expands, smaller dose products are likely to infiltrate their way onto the shelves in your local retail outlets. These products include mint and other edibles with low levels of THC.

Instead of Human Budtenders, You Will be Served by Automated Budtenders

Technological advancements are affecting the retail industry, marijuana dispensaries included. Computerized checkout systems found in Target, CVS, and grocery store chains are also popping up in marijuana dispensaries. Customers can browse through the store while tapping the products they need, pay, and then pick up their orders at the counter.

Paywana is the largest supplier of automated systems for marijuana kiosks, with clients such as Curaleaf, among clients. Some of the advantages of automatic systems include;

It is easier and faster to process more orders
The Point Of Sale system is not needed
Less waiting time
Increased sales
Improved accuracy on orders

CBD Beauty Products

Cannabidiol (CBD) is legal in almost all states in the U.S., and people should be ready to see more CBBD-infused edibles, oils, lotions, and other products in their local dispensary shelves as well as other retail outlets. There will be several varieties of edibles, such as gummies, mints, and cookies. More CBD-infused beverages will be found on the market since most of the beverage companies such as Coca-Cola and Molson are working on unveiling CBD-infused drinks.

WeedMaps reported on ideas aired at the 2019 MJBizCon in Las Vegas saying that people should also expect to buy CBD-infused drinks at their local restaurants as well as meals infused with marijuana and CBD.

More CBD Products for Men

Women products with CBD as an ingredient have also dominated the CBD market, and they include skincare and cosmetic products. Sweet Earth is set to launch a new line of masculine-leaning CBD products such as beard and face wash, shaving cream, aftershave, beard and mustache oils as well as a styling gel.

It would be interesting to see what new products weed companies like SinglePoint Inc. (OTCQB: SING) have in mind to take advantage of the trends discussed above.

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) Leverages Social Media to Market, Sell New CBD Product

During a recently MoneyTV interview, ChineseInvestors.com (OTCQB: CIIX) CEO Warren Wang announced that the company will be launching a breakthrough CBD product in March. An article discussing the company reads, “One important aspect of the company’s strategy to increase profit is to sell its new CBD product through e-commerce using different social media platforms in 2020. Wang observed that multi-platform social media would play a key role in the company’s marketing to a younger consumer audience of its CBD line. He specifically mentioned using platforms such as TikTok in the campaign, which launched in 2017 and accrued 500 million users in its first two years. Recently hailed as a ‘must for every small business,’ social media marketing gives companies more direct access to their customers, meeting them where they are in a cost-effective way. Social media marketing has also been linked with increased brand recognition (http://cnw.fm/YO4y2), allowing companies to ‘target and retarget ideal consumers.’ CIIX hopes to engage audiences of all ages through social media as it increases traction for its new CBD offerings. . . . In addition to its anticipated CBD product, CBD Biotech currently markets a line of hemp-infused cosmetics products in China. Wang estimates that cosmetics could deliver profit margins of 10–20 times for the company (http://cnw.fm/bVLt5). ‘That’s quite a big profit,’ he noted.”

To view the full article, visit http://cnw.fm/5ZJYz

About ChineseInvestors.com Inc.

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company by providing (a) real-time market commentary, analysis and educationally related services in both traditional and simplified Chinese language character sets; (b) advertising and public-relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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CBDNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Providing Alternative to Inhalation via Patented Oral Drug-Delivery Technology

British Columbia-based, biodelivery technology developer Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) is committed to the idea that better alternative methods for drug delivery exist than inhalation. A recent article discussing the company reads, “Swallowed medications have historically been slower to provide effective action than inhaled ones, leading substance users looking for a quick fix to lean toward the latter. But the deleterious and deadly consequences of smoking tobacco products have been publicly acknowledged for decades, though hardly stemming the tide of nicotine addiction as one generation succeeds another. . . . The continued preference for the rapid delivery of inhaled drug substances has led many researchers to seek alternatives beyond deterrence campaigns. DehydraTECH’s newest formulation was recently shown to deliver 811% more CBD into the bloodstream than generic industry control formulations, nearly doubling the capacity of existing DehydraTECH technology. It was additionally shown to deliver 1,937% more CBD across the blood-brain barrier into brain tissue than generic industry-control formulations and 487% more than the original DehydraTECH technology (http://cnw.fm/89Soz).”

To view the full article, visit http://cnw.fm/95Fyc

About Lexaria Bioscience Corp.

Lexaria Bioscience is a global innovator in drug-delivery platforms. The company’s patented DehydraTECH drug-delivery technology changes the way active pharmaceutical ingredients enter the bloodstream, promoting healthier ingestion methods, lower overall dosing and higher effectiveness for lipophilic active molecules. DehydraTECH increases bioabsorption, reduces time of onset and masks unwanted tastes for orally administered bioactive molecules including cannabinoids, vitamins, nonsteroidal anti-inflammatory drugs (“NSAIDs”), nicotine and other molecules. Lexaria has licensed DehydraTECH to multiple companies in the cannabis industry for use in cannabinoid beverages, edibles and oral products, as well as to a world-leading tobacco producer for the development of smokeless, oral-based nicotine products. Lexaria operates a licensed, in-house research laboratory and holds a robust intellectual-property portfolio with 16 patents granted and over 60 patents pending worldwide. For more information, visit the company’s website at www.LexariaBioscience.com.

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HempNewsBreaks – Marijuana Company of America, Inc. (MCOA) Issues Update on Global Sales, Marketing Strategy for hempSMART Subsidiary

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, on Wednesday provided hempSMART’s overview for global sales and its marketing strategy for 2020. HempSMART(TM) will be attending the USA CBD Conference at the Las Vegas Convention Center, taking place February 12 -15, 2020. The event will kick-off a global tour of industry-focused conferences enabling hempSMART to connect with more than 11,000 attendees in each regional city and position itself as an industry leader. The tour will also deliver increased exposure, brand positioning and sales expansion, while the network marketing group grows. “With this new rebranding, our premium-quality hempSMART(TM) products will now be positioned to engage a larger audience of potential customers. With the strength of the CBD wellness and beauty markets that are expected to be worth as much as $25 billion globally in the next decade, we intend to take full advantage of this tremendous opportunity and take a leading position in this expanding market. HempSMART is focused on becoming a true power brand, backed by premium products that have been very well received by our customers. We will support this initiative with a solid marketing plan for the year that includes promotional activities across social media platforms and through sponsored events. At hempSMART we are really excited about the new products we are about to unveil under the umbrella of the new ‘smart.’ line. We are also reviewing and improving our classic product line, to ensure that we remain at the cutting edge of the industry. More details on these new products will be released in the near future,” Global Marketing and Sales Manager Gloria Albarran Lynch stated in the news release.

To view the full press release, visit http://cnw.fm/8DfUn

About Marijuana Company of America Inc.

MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://cnw.fm/MCOA

About HempWireNews

HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

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420 with CNW – LA Black Entrepreneurs Frustrated by Unresponsive Marijuana Equity Program

The establishment of a program meant to provide marijuana permits to people who have been affected by the war against drugs in Los Angeles has been marred by delays, scandal, and bureaucratic blunders. This has resulted in the loss of thousands of dollars for some of the intended beneficiaries.

Speaking to the Guardian, black entrepreneurs and marijuana activists said that the beleaguered social equity program had left potential business owners on a list whose approval timeline is uncertain, and this has resulted in irreparable damages to the finances of the businesses in question. It has also prevented them from opening cannabis retail outlets they have been planning on for several years.

Estimates from advocates of the social equity program indicate that out of the one hundred businesses on track to receive licenses, less than twenty of them are from black communities. The advocates further said that black communities are among the disproportionately affected communities that were targeted by marijuana arrests and discrimination. They also noted that applicants for the social equity programs are facing precarious futures even now.

In the meantime, white business owners are currently leading the booming Los Angeles marijuana sector.

Lanaisha Edwards asked how the other people who were not affected by prohibition are awarded licenses and make millions of dollars out of their suffering. Edwards is a South LA native who had applied for a marijuana retail license through the social equity program. She noted that prohibition led to the destruction of many families, and it would be beneficial if they managed to end prohibition and create wealth in the process. However, there is a possibility that the businesses are not going to reap any benefits from the program.

The social equity program was launched in 2018, to right the wrong of criminalization by awarding licenses to people impacted by the war against drugs, while eliminating barriers hindering people from opening small businesses. Residents from disproportionately affected communities would be eligible for marijuana licenses also if they were low-income and had previously been convicted for marijuana crimes.

Rabin Woods, a 57-year-old male previously arrested for marijuana offenses in 1983, said that the program was supposed to be their compensation, but currently, he is struggling to open a marijuana retail outlet in LA.

Blacks and Latinos have been victims of profiling by law enforcement in the U.S. with data consistently showing that blacks were four times more likely to be arrested for marijuana crimes than whites.

According to the owner and co-founder of the California Minority Alliance, Virgil Grant, only six out of the 200 permits previously issued in LA were owned by black people, and even fewer were Latino-owned.

There was hope among LA residents that the social equity program would bridge the racial gap after recreational marijuana legalization, but it is evident that it is not happening any time soon.

The applicants for marijuana licenses complained that most of the candidates who made it to the top 100 were not representatives of people impacted by prohibition. They also said that eligibility was not based on race or geographical boundaries, which allowed a large number of applicants who were not directly affected war against drugs to benefit at the expense of the intended beneficiaries.

Analysts believe that the entire cannabis industry, including Lexara Biosciences Corp. (CSE: LXX) (OTCQX: LXRP), would like to see the complaints of the social equity program investigated and resolved if mistakes were made during the implementation of the program.

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420 with CNW – Authorities Say Illinois Marijuana Shortages Were Planned

Since the legalization of adult-use marijuana in Illinois, the market has been plagued by long queues, closure of dispensaries, and shortages; and this has left marijuana customers very frustrated.

However, it has emerged that the cultivators intended to start the sale of recreational marijuana on a slow note, the state officials said. The cultivators and state officials said that their ultimate goal is to have a marijuana market where supply and demand are balanced.

Governor J. B. Pritzker’s senior advisor on marijuana Toi Hutchinson said that the regulators aimed to intentionally slow down the market to ensure that there was space for new entrants. Hutchinson is also unofficially known as the Illinois “pot czar.”

Chris Lindsey is the director of government relations for the Marijuana Policy Project (MPP). Lindsey said that after the legalization of marijuana, every market faces supply shortages. Lindsay participated in the drafting of the legal cannabis legislation. Cultivators in Illinois predicted supply shortages even before recreational marijuana was made legal.

Lindsey further said that the state did not disclose their slow approach strategy to the public because they were still drafting the rules; however, the discussion about the deliberate plan took place amongst several public agencies, and after exploring several methods, they opted on the go-slow strategy.

Lindsey further said that there are two types of the licensing systems, one where there are a finite number of permits available, and the state of Illinois adopted this option, and the other has unlimited licensing and it up to the market to decide which business survives.

Hutchinson further said that the slow approach strategy has several advantages, such as allowing small businesses to build up a revenue base before expanding their operations. She also said that it protects medical marijuana patients by making sure that the recreational program is not given priority.

Since 2015, more than 87,000 patients have registered under the medical marijuana program. The state of Illinois has around 8.6 million residents who are above the age of 21, excluding visitors who are potential recreational marijuana customers.

The president and co-founder of 4Front Ventures, Kris Krane, said that there is a significant gap between medical and recreational marijuana users and that demand for products could overwhelm growers and eventually push medical marijuana patients to the sidelines.

Krane further said that the recreational marijuana program in Illinois had to be kept small to give growers a chance to ramp up their operations and infrastructure and still serve patients.

On the other hand, cultivators are not complaining because they are selling out all their products, giving them a continuous flow of customers – which is an excellent problem to have, said the general manager of Wellness Group Pharms, Steve Bundy.

States such as Oregon and Washington did not control the supply of marijuana products, and this resulted in the oversupply which is eventually harming businesses in the long term.

When presented in that way, experts think that sector players, such as No Borders Inc. (OTC: NBDR), would not have any reason to find fault with the regulators since this forward thinking will be good for the industry in the long run.

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CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Enters Strategic Agreement with Specialty Grower QDG Agricultural

LiveWire Ergogenics (OTC: LVVV), a health and wellness company with a focus on special purpose real-estate acquisitions and the licensing and management of high-end and permitted facilities and operations to provide cannabis-based products and services in California, on Tuesday announced its entry into a definitive agreement with QDG Agricultural (“QDG”), an experienced and highly specialized cannabis production company, to begin construction for operation at its Estrella Ranch facility in Paso Robles, California. “With the demand for pure, organically grown and thoroughly tested cannabis products growing rapidly, we anticipate the handcrafted product that will be grown at our California ranch to become the most sought-after premium cannabis in the industry,” LiveWire CEO Bill Hodson stated in the news release. “Our vision of an ‘Estate Grown Weedery’ producing the finest family of branded cannabis in California is beginning to come to fruition as evidenced with this agreement. Further, we are planning to expand on our craft-grow business model by consequently marketing the appellation concept to differentiate our products and operating as a sustainable family-style local farm, two factors that are unparalleled in the industry. We truly believe that our first strategic partner QDG represents an ideal and highly experienced group of experts to get our Estrella Weedery operation off the ground successfully. Based on current market conditions, considering licenses and a successful ‘proof of concept’ during phase 1, this property could generate over $25 million a year with revenues to increase once operating at full cultivation capacity.”

To view the full press release, visit http://cnw.fm/7h0zD

About LiveWire

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary health and wellness industry. The Company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, please visit: www.LiveWireErgogenics.com.

NOTE TO INVESTORS: The latest news and updates relating to LVVV are available in the company’s newsroom at http://cnw.fm/LVVV

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CBDNewsBreaks – Neutra Corp. (NTRR) Secures New Round of Private Equity to Drive Vertical Integration

Neutra Corp. (OTC: NTRR) on Tuesday announced its January 1, 2020 receipt of a new round of private equity that it intends to use in its ongoing campaign to become a vertically integrated producer, manufacturer and distributor of hemp-based CBD health products. “This is a welcome event that strengthens our company and puts it in a better long-term position to compete and succeed in the marketplace,” Neutra CEO Sydney Jim said in the news release. “This funding round gives us the ability to pursue our strategies and goals, as well as potentially expand our vision for the future. We had a very successful 2019; this private funding will help us towards an equally accomplished 2020.”

To view the full press release, visit http://cnw.fm/1Gjsm

About Neutra Corp.

Neutra Corp. (OTC: NTRR) is an early-stage research and development company that’s bringing modern healthy living solutions to a multi-billion dollar market. Cutting-edge technologies within the nutraceuticals, food and drug, and environmental purification sectors are creating a new kind of world culture—one where consumers are demanding access to products that promote health and stave off potential health dangers. One of the nutraceutical sub-markets is the new thriving Hemp-based CBD market, in which it intends to participate. For more information, visit the company’s website at www.NeutraInc.com.

NOTE TO INVESTORS: The latest news and updates relating to NTRR are available in the company’s newsroom at http://cnw.fm/NTRR

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CannabisNewsBreaks – HTC Extraction Systems’ (TSX.V: HTC) (OTCQB: HTPRF) Extraction Technology Selected for $20M Xprize Competition

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) today announced that HTC’s patented extraction technology has been selected to supply extracted CO2 for the prestigious $20 million NRG COSIA Carbon Xprize competition. According to the update, the four-and-a-half-year global Xprize competition challenges teams to transform the way the world addresses carbon dioxide (“CO2”) emissions through breakthrough circular carbon technologies that convert carbon dioxide emissions from power plants into valuable products. Ten teams from five countries were selected to advance to finals after passing a first-round evaluation based on the amount of CO2 converted into products, as well as the economic value, market size and CO2 uptake potential of those products. In the finals, teams must demonstrate at a scale that is at least 10 times greater than the semifinals requirements at one of two purpose-built industrial test sites. HTC has been selected to provide the extracted CO2 for the Alberta Carbon Conversion Technology Centre (“ACCTC”), test facility, and has custom designed the HTC CO2 Extraction plant to provide the required CO2 as well as the flexibility for future CO2 extraction testing requirements. The plant is being engineered and fabricated with HTC partner ASCO CO2, with expected delivery of the CO2 Extraction Plant by April 2020.

To view the full press release, visit http://cnw.fm/Z8MHi

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.

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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