https://ceo.ca/@thenewswire/...s-an-additional-two-extraction-systems
Vancouver, B.C. / TheNewswire / April 2, 2019 – HERITAGE CANNABIS HOLDINGS CORP. (CSE: CANN) (“Heritage” or “Company”) is pleased to announce that it has placed an order to acquire an additional two Vitalis Q90 extraction systems, scheduled to be delivered to the CannaCure Corporation (“CannaCure”) facility in Fort Erie, Ontario.
The units are scheduled to be delivered by the end of May, 2019, and are anticipated to be installed and operational by July, 2019. Once delivered Heritage will have a total of six Vitalis Q90’s machines amongst its subsidiaries, making it one of the largest extraction footprints within the industry. The rapid expansion rate over the past three months has positioned the Company to have the capacity to both process its own hemp supply, as well as compete for toll processing jobs that other Licenced Cannabis Companies may look to contract out.
The Company feels that with the upcoming changes to the proposed regulations for derivative products for cannabis will create a significant increase in demand for extracted products and extraction services. By adding these additional extraction systems, ensures that the Company will be better positioned to meet the projected demand.
“With this purchase, we will double our extraction capacity at our Fort Erie facility by this summer. We continue to prepare our infrastructure for the upcoming changes to the Cannabis Act to include vaping, edibles and infusions.” says Clint Sharples, CEO of Heritage “Our extraction team continues to grow as Purefarma Solutions trains more technicians to be deployed across our network. We are confident that we will be able to meet the demand for our products and services as the market expands.” |
