HTC Extraction Systems (TSX.V: HTC) to Expand Operations with $10 Million in New Funding
HTC recently closed a bought deal private placement worth $10 million in funding Demand for hemp biomass continues to grow with the U.S. hemp-derived CBD market expected to reach $22 billion by 2022 HTC’s proprietary biomass processing methodology maximizes extraction and purification of hemp biomass After successfully raising $10 million in a private placement financing of 25 million units of the company, HTC Extraction Systems (TSX.V: HTC) is poised to expand its role in the cannabidiol (CBD) extraction market. HTC plans to use the funds for purchase of extraction, purification and refining equipment, and for general working capital purposes, the company…