CBDNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Creates Proprietary, Ethanol-Based Distillation System

Gas, liquids and biomass extractor and refiner HTC Extraction Systems (TSX.V: HTC), together with its subsidiaries, has developed a proprietary. ethanol-based distillation system called the Delta Purification System(R), which works with the company’s DeltaSolv(TM) technologies. An article discussing the company reads, “The condensed report, covering HTC Extraction Systems and its subsidiaries for the interim six-month period ended June 30, states that the company’s carbon-dioxide extraction business and material-handling operations drove revenues from $560,260 in 2018 to $1.85 million this year (http://cnw.fm/34WDf). . . .During that same period, the company’s total assets increased from $34.07 million to $35.29 million as HTC Extraction Systems built its strategy for extracting cannabidiol full-spectrum oil (‘CBD FSO’) from hemp biomass for distillation. The company and its subsidiaries believe that their patented Delta Purification System offers the best available environmental reclamation technology for the clean-energy-extraction and biomass-extraction industries. HTC has finalized a hemp-biomass tolling agreement that will result in the company processing an expected five million kilograms of identity-preserved, production hemp biomass, and it is completing negotiations to establish an identity-preserved, production-hemp-biomass tolling contract with a 60,000-acre, recognized Canadian farm leader and significant hemp-biomass producer to extract the CBD FSO. The company then plans to use the tolling fee payable under the tolling contracts in sales and offtake agreements with its related entity, Purely Canada Foods.”

To view the full article, visit http://cnw.fm/9Ibrl

About HTC Extraction Systems

HTC Extraction Systems has developed proprietary hemp-biomass, gas and liquid extraction systems that have been designed for the extraction of hemp biomass and the distillation and purification of ethanol and ethanol-based solvents used for this extraction. The HTC Extraction System(TM) has been engineered to reduce capital and operating costs while at the same time delivering superior performance by reducing energy usage, lowering emissions and improving the quality of the product being 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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CBDNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Achieves Growing Revenues in Q2; Develops CBD FSO Distillate Operation

HTC Extraction Systems (TSX.V: HTC), a gas, liquids and biomass extractor and refiner, recently reported financial results for the second quarter and six-month period ending June 30, 2019 (http://cnw.fm/t2btS). An article discussing the company reads, “HTC Extraction Systems recorded an increase in same-period, year-over-year revenues from operations during the first six months of 2019, rising from $560,260 to $1.85 million, according to unaudited interim condensed consolidated financial results. . . . HTC and its subsidiaries are dedicated to developing their proprietary extraction and purification systems for removing cannabidiol full-spectrum oil (CBD FSO) distillate from acquired hemp biomass and making the remaining hemp byproducts, including other cannabinoids, available for singulation and sale to the cannabinoid pharmaceutical market.”

To view the full article, visit http://cnw.fm/8kJWk

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420 with CNW – Five Reasons Medical Marijuana is Overshadowing Recreational Marijuana in the Market

The cannabis industry has created a buzz on Wall Street over the years. This is attributed due to the increased potential of legal marijuana.

Arcview Market Research and BDS Analytics released a report on the state of legal marijuana market, which shows that between the year 2014 and 2018, global sales of legal weed in licensed stores tripled. After investing in the weed industry Wall Street is predicting that on the lower side, annual sales will be $50 billion or $200 billion on the higher side in the next ten years. If their estimate is correct, the marijuana sector will 2 or 2.5 times larger than the soda beverage industry. With this kind of growth, it would be foolish for the investors and Wall Street not to take advantage of the opportunity.

When purchasing cannabis stocks, you have to consider several variables such as supply deals and partnerships as well as the geographical focus.

The report further suggests that recreational marijuana sales all over the world in the year 2024 will be almost double that of medical marijuana. Countries such as Mexico will legalize personal use of marijuana, and this is bound to surpass the medical marijuana sales because patients will see no reason to pay doctors’ consultation fees to access medical cannabis when they can go to the dispensary and buy it.

Although most people are investing in recreational marijuana, it would be wise if people paid more attention to medical marijuana. Discussed below are the five reasons why you should focus more on medical marijuana

Patients Tend to Buy and Use Medical Cannabis Often

Pot stocks are popular among medical marijuana patients. In the last quarter of 2018, surveys carried out in Canada showed that medical cannabis patients buy and use cannabis more often, while people do not purchase or use recreational marijuana as often.

Medical Marijuana Has Higher Margins

Compared to recreational users, medical marijuana consumers tend to consume products with higher margins for the sellers of cannabis products. This is because patients are willing to purchase medical marijuana products such as beverages, edibles, oils, concentrates or vapes with a higher profit margin, while recreational marijuana is in the form of dried weed that has low margins and consumers fear to overdose.

Probability of a Broader Global Market

Over the next ten years, medical marijuana may be explode on the global market; therefore, investors should start investing in the industry. There will be three recreational marijuana markets worldwide if Mexico legalizes marijuana for personal use in October. In the coming years, the future of the pot industry is in medical cannabis which is being accepted in more jurisdictions worldwide.

Appeals to the Younger Generation

Medical marijuana connects with young adults in a quick manner. The ability to buy marijuana derivatives by the younger generation has resulted in dried weed avoidance. The younger generation consumes large amounts of marijuana; therefore, they are expected to be the driving force of the pot industry.

Medical Marijuana Gives Traction to CBD

Through the medical marijuana industry, CBD (cannabidiol), which is a nonpsychoactive cannabinoid that has many medical benefits, gains a paramount degree of exposure. This explosure opens new revenue streams for medical marijuana companies.

Experts think that these five reasons could explain why many marijuana companies, such as Green Hygienics Holdings Inc. (OTCQB: GRYN) and HTC Extraction Systems (TSX.V: HTC) have an eye on the medical marinuana segment.

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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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CannabisNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Reprices Private Placement

HTC Extraction Systems (TSX.V: HTC) today announced that it has repriced its “bought deal” brokered private placement that was originally announced on July 3, 2019 to reflect the current market price of the company’s common shares. Per the terms of the offering, Canaccord Genuity Corp. will act as sole bookrunner and lead underwriter on behalf of a syndicate of underwriters and purchase 20,000,000 units of the company on a “bought deal” private placement basis at a price of C$0.50 per unit for total gross proceeds of C$10,000,000. Each unit is comprised of one common share and one-half of one common share purchase warrant. Each warrant will be exercisable to acquire a common share at an exercise price of C$0.70 each for a period of 36 months from the closing of the offering. All securities are subject to a statutory hold period of four months and one day following closing. The offering is expected to close on or about October 8, 2019.

To view the full press release, visit http://cnw.fm/wu01F

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420 with CNW – Marijuana Banking Bill Changes Suggested to Win Republican Support

On Monday, we reported that Congress was likely to vote on the SAFE Banking Act this month, and the latest indicators strongly point to a floor vote being scheduled for next week. The supporters of the bill would like the vote to be conducted under suspended House rules, and a number of amendments have been suggested to win over more Republicans and ensure that the bill will get the two-thirds majority needed under the suspended rules arrangement.

One of the changes that has been made provides clarification that the protections given to banks that work with state-legal marijuana companies also apply to the banks serving companies in the hemp and CBD industries.

Another change expands the definition of the ancillary businesses that work with marijuana companies. The expanded definition includes insurance companies and federal home loan companies. The bill also states that financial regulators wouldn’t have any undue restrictions placed upon them as they supervise marijuana companies.

An extra section added to the SAFE Banking Act also talks extensively about the hemp industry and why financial regulators must release guidelines explaining how banking institutions can work with the hemp and CBD industries without facing any sanctions from regulators.

There is also a specific section that is aimed at forestalling any plan by the Justice Department to arbitrarily order banks to close the account or accounts of a company or people in the firearms industry as a way of forcing those entities out of business. Any such action must be accompanied by a sound reason.

All these provisions are aimed at putting the concerns of conservative lawmakers at bay, especially those who don’t want to be involved in passing a law that is primarily intended to facilitate the marijuana industry. By including the hemp, CBD and gun industries, the scope of the bill is expanded and more GOP lawmakers may be enticed to support it.

However, not all is well within the Democratic caucus as some members have been vocal that they will not support the bill unless measures to address social equity issues in the marijuana industry are first implemented.

Such members of Congress feel that the SAFE Banking Act largely helps banks and marijuana companies to thrive and yet a more pressing concern are the racial issues surrounding the implementation of marijuana laws across the country.

Supporters of the proposed law say that any measure that chips away at prohibition should be supported and the social equity issues will also be addressed by the other bills before different committees of the House of Representatives.

Analysts believe marijuana sector players like Hemptown USA and HTC Extraction Systems (TSX.V: HTC) will be waiting keenly to hear what comes out of Congress when the bill is voted on.

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HempNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Securing Several Hemp Biomass Tolling Contracts

HTC Extraction Systems (TSX.V: HTC), a gas, liquids and biomass extractor and refiner, recently entered into a tolling agreement to process five million kilograms of hemp biomass. An article discussing the company reads, “HTC recently announced its entry into a hemp-biomass tolling agreement, which will involve the processing of hemp biomass for the 2019 crop year (http://cnw.fm/F0npj). The agreement covers 4,200–5,000 acres of hemp in Saskatchewan, utilizing five varieties of Health Canada-approved cultivars as the genetic foundation. HTC will process an estimated five million kilograms of hemp biomass to extract CBD full-spectrum oil (FSO). The company will be paid a ‘toll fee,’ or a percentage of the extracted CBD FSO distillate, for its processing, extraction, purification and distillation services. Toll fees are payments made to companies that provide specialized manufacturing or processing services. . . . Additionally, HTC is in negotiations with a large hemp-biomass producer that has some 60,000 acres of hemp under cultivation. The company intends to enter into a tolling contract with this producer for production crop years 2019, 2020, 2021 and beyond. Hemp biomass tolling contracts with producers are also being negotiated in the United States for the 2020 hemp-crop growing year, under which HTC will provide local-to-grower, drying-to-biomass storage capability and transportation of dried biomass to an HTC extraction facility.”

To view the full article, visit http://cnw.fm/h8Abi

About HTC Extraction Systems

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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CBDNewsBreaks – HTC Extraction Systems (TSX.V: HTC) Leveraging CBD Extraction, Refining Expertise to Become Major Industry Player

HTC Extraction Systems (TSX.V: HTC) is a knowledgeable and prosperous gas, liquids and biomass extractor and refiner using patented technologies for extraction and distillation processes. A recent article discussing the company reads, “HTC is drawing on a wealth of experience in extraction, purification and distillation and aims to become one of Canada’s largest cannabidiol (CBD) extractors and refiners as it builds a strategy for processing hemp biomass under an infrastructure that will include: a 19,000-square-foot, GMP Euro-compliant, extraction tolling facility on six acres of land southeast of Regina, Saskatchewan, and a large‐scale extraction facility at a yet-to-be-determined location in the United States, according to a company news release published in June (http://cnw.fm/yXqP4).”

To view the full article, visit http://cnw.fm/Pp790

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420 with CNW – Feds Say Researchers Should Access Marijuana from Licensed Dispensaries

In their reply to a letter written by Sen. Brian Schatz (D-HI), the Food and Drug Administration (FDA) and the National Institutes for Health (NIH) wrote that researchers should be allowed to access marijuana from licensed dispensaries in states where marijuana is legal instead of being compelled to rely on the single source licensed by the federal government.

In that same letter, the federal agencies discussed how the prohibition of marijuana at the federal level was limiting marijuana research. These limitations include the quality and diversity of research-grade marijuana.

Studies have revealed that the marijuana grown at the only federally licensed facility at the University of Mississippi is closer to industrial hemp than to the marijuana which is readily available in states which have legalized the substance.

The federal agencies say that this discrepancy creates gaps in the way the government and the scientific community understand marijuana products.

The letter from NIH and the FDA comes in response to a letter that was written by Schatz in March asking the agencies about the research agenda they had, their take on what the federal prohibition of marijuana was having on easing marijuana research, and what they thought should be done to make the validity and quality of marijuana research better.

Schatz’s letter was written when Dr. Scott Gottlieb was still the commissioner of the FDA, but the reply had the signature of Norman Sharpless since Gottlieb was no longer at the agency.

The heads of the two federal health agencies discussed at length what their organizations had done and was continuing to do in support of cannabis research, then they proceeded to state that they agree with Schatz that more research should be done. Some of the ongoing clinical studies that they cited included research into how the marijuana laws of states contribute to or influence the use of opioids within those jurisdictions.

NIH and the FDA then pointed out that the federal restrictions, such as having only one licensed supplier of research-grade cannabis, were making it hard for the necessary cannabis research to be done.

The agencies were of the view that any entity with a Schedule 1 license should be free to access marijuana from the licensed dispensaries and retail outlets in states where marijuana is legal so that the research that they conduct is more reflective of the products that consumers use today.

These statements about allowing researchers to access marijuana from licensed dispensaries made all the more sense given that the head of the Mississippi University farm currently supplying all the marijuana used for research is reported to have said that marijuana with an 8 percent THC potency was strong enough and he didn’t see why people needed anything stronger. It was as though he didn’t know that the marijuana on the market can have as much as 25 percent THC!

Analysts think industry participants like HTC Extraction Systems (TSX.V: HTC) and IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) must be wishing that the NIH and the FDA convert their words into actions so that some of the headaches faced by the marijuana industry can come to an end.

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HempNewsBreaks – Why HTC Extraction Systems (TSX.V: HTC) Is ‘One to Watch’

HTC Extraction Systems (TSX.V: HTC) has developed and optimized proprietary extraction and purification systems for biomass, gas and liquid extraction. A recent article discussing the company reads, “HTC has entered into a hemp biomass tolling agreement for the 2019 crop year involving a supply of hemp biomass from a hemp grower in Saskatchewan, Canada. The hemp grower utilizes five varieties of Health Canada-approved cultivars as the genetic foundation. HTC will process and extract CBD FSO distillate from the hemp biomass. As a tolling fee payment, HTC will receive a percentage of the extracted CBD FSO distillate for its processing, extraction, purification and distillation services. . . . Additional hemp biomass tolling contracts with producers and hemp biomass providers are being negotiated in the U.S. for the 2020 hemp crop growing year. HTC will provide ‘local-to-grower,’ drying-to-biomass storage capability and transportation of dried biomass to an HTC, location-to-be-determined, future U.S.-based extraction facility. HTC is also in negotiation with a 60,000-acre, recognized Canadian farm leader, who is a significant hemp biomass producer, for a similar hemp biomass tolling contract.”

To view the full article, visit http://cnw.fm/1rZjw

About HTC Extraction Systems

HTC Extraction Systems has developed proprietary hemp biomass, gas and liquid extraction systems that have been designed for the extraction of hemp biomass and the distillation and purification of ethanol and ethanol-based solvents used for this extraction. The HTC Extraction System(TM) has been engineered to reduce capital and operating costs while at the same time delivering superior performance by reducing energy usage, lowering emissions and improving the quality of the product being 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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420 with CNW – Utah Decides to Switch to a Private Medical Marijuana Distribution System

The subject of medical marijuana elicited heated debates between lawmakers, the medical community, law enforcement and other powerful groups, such as the Mormon Church in Utah. Eventually, voters approved Prop 2 during the 2018 midterms but this measure was quickly replaced by a law drafted behind closed doors. In the law, medical marijuana would be distributed through the state’s health system. In another change to the proposed system, the state has decided to ditch this distribution system and instead opt for a private network to do this work.

The state legislature will hold a special session in which an amendment to effect the change will be adopted.

If that change is approved, the “central till” envisaged in the medical marijuana law will be abandoned and in its place, a network of 12 privately owned and operated dispensaries will sell marijuana throughout the state.

The original plan in the medical marijuana law raised controversy when it proposed that all the medical marijuana should be sold through the state-level and local health departments. Many people felt that the plan would force state employees to become what the federal government describes as “drug traffickers” since the federal government doesn’t regard marijuana as a substance with any therapeutic use and has therefore maintained it on Schedule I of the Controlled Substances Act.

When the state government insisted on the central till model, the Attorney for Davis County and the one for Salt Lake City strongly advised their respective health departments to desist from distributing medical cannabis because their employees would be exposed to the risk of federal prosecution on drug-related charges.

Such strong opposition compelled the state to revisit its earlier position, and the result is the amendment to the medical cannabis implementation plan.

The amendment will also include a change to the finance management plan of the program. Previously, Utah had wanted all transactions to be cash-based, but a planned change will see provisions made for electronic payments to be accepted.

In a strange twist of irony, the medical marijuana plan which was approved by voters in 2018 mentioned a private system of distributing medical cannabis. However, this was changed when, without consulting voters, lawmakers agreed with the Mormon Church to use a state-run distribution system. The lawmakers have now had to turn full-circle and go back to the plan that voters approved last year.

Different pro-medical marijuana advocacy groups, such as Together for Responsible Use and Cannabis Education, have welcomed the latest change. Analysts also believe that industry actors like Hemptown USA and HTC Extraction Systems (TSX.V: HTC) are also pleased that this change has been made.

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