Heritage Cannabis set to double extraction capacity in Ontario with two new orders
Heritage Cannabis Holdings Corp (CSE:CANN) (OTCMKTS:HERTF) was back in the news Tuesday as it revealed it would double its extraction capacity at the Fort Erie facility in Ontario with the order of two new systems.
The two Vitalis Q90 extraction systems are due to arrive by the end of May this year and are expected to be operational by July.
READ: Heritage Cannabis shares climb after CannaCure unit nabs processing and medical sales licence
The Vancouver-based Heritage will then have a total of six Vitalis Q90′s machines amongst its subsidiaries, making it one of the largest extractors in the industry.
The move positions the firm to have the capacity to both process its own hemp supply and compete for toll processing jobs that other licensed cannabis firms may look to contract out, it said.
Yesterday (Monday), the group revealed that its subsidiary CannaCure had received its processing and medical sales licence from Health Canada.
Clint Sharples, CEO of Heritage said in a statement: “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.
“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.”
CannaCure and Purefarma Solutions
CannaCure works closely with Purefarma Solutions, another Heritage Cannabis subsidiary, which provides extraction services.
According to the company, CannaCure will start to receive a portion of Purefarma’s hemp feedstock, which is stockpiled in Saskatchewan, and start extracting shortly.
CannaCure has a 122,000 sq/ft facility in Niagara, which hosts cultivation space, individual research and development areas, shipping and receiving infrastructure.
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Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/217777/heritage-cannabis-set-to-double-extraction-capacity-in-ontario-with-two-new-orders-217777.html
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