POINT ROBERTS, Wash. and DELTA, British Columbia, Feb. 13, 2019 (GLOBE NEWSWIRE) — Investorideas.com, a leading investor news resource covering hemp and cannabis stocks, releases a snapshot looking at the growing demand for higher extraction outputs and how the industry is responding.
CBD extraction demand is blowing up right now as companies look to put CBD products on shelves and there is a growing demand for higher output yields from extractors.
One method gaining traction is Supercritical CO2 extraction, which has been around for decades in a variety of other industries before cannabis; used in coffee, tea, vanilla and perfumery.
Mylad Piroozbakht, manager of extraction and formulation at Sunniva commented in recent news, “The main benefit of SCO2 is that it enables the extraction of more total cannabinoids along with other plant components like fats and waxes. This method works well for products that require further post-processing like distillate oil.”
Golden Developing Solutions, Inc. (OTC: DVLP) announced significant progress toward the establishment of its new high-capacity CBD extraction and production facility in Colorado, including an approaching equipment order for a best-in-class supercritical CO2 extraction system (rather than an ethanol-based system), to drive the highest purity levels in end production.
“We are committed to driving the bus, not just riding on it,” noted DVLP CEO, Stavros Triant. “We have the backing, the experience, and the operational know-how to assume a leadership position in the CBD extraction and production space. And we want to build this facility from the ground up to be the best of breed.”
“We have already put in place the pieces to verticalize the CBD boom in-house,” continued Mr. Triant. “We are about to launch our WheresCBD.com platform, which builds off our industry-leading WheresWeed.com platform. That will drive a network effect for the distribution footprint, which is the number one issue for CBD producers. We will already have that piece of the puzzle in place by the time we are churning out top-tier 99% pure CBD from our facility.”
Companies like MediPharm Labs Corp. (TSXV: LABS.V) (OTC: MLCPF) are good indicators of the market demand for extract products, having recently announced that its wholly-owned subsidiary, MediPharm Labs Inc., has entered into a significant sales agreement with a leading Licensed Producer to supply approximately $35 million of private label purified cannabis oil concentrates. The Licensed Producer will purchase $7.66 million of cannabis oil concentrate from MediPharm Labs’ inventory in February 2019. In addition, the Licensed Producer will purchase a minimum of $27 million of cannabis oil concentrate over a 12-month period commencing March 2019, with an option to purchase an additional $13.5 million over the same period, bringing the total potential aggregate value of the agreement to over $48 million to February 2020.
Diamond CBD Inc., a wholly-owned subsidiary of PotNetwork Holdings, Inc. (OTC: POTN) and a leader in innovative CBD products for the wellness market, is using the influential Tobacco Plus Expo (TPE) as a platform to expand the distribution of its popular $19.99 “CBD Sales Center.”
Over 300 retailers have placed a CBD Sales Center in their location over the last two months alone. The displays measuring 16x21x9 can be seen at Booth #9076 and feature Diamond CBD’s best-selling edibles and oils, including CBD Honey Pots, Vape Pods, as well as ten different varieties of Diamond CBD Gummies.
“As we all know, success in business in no small part is not just about having great products but also about being able to effectively showcase your products, and rapidly build their distribution to the right audiences. These CBD Sales Centers are a great tool to do just that, and bring our products to the consumer,” said Kevin Hagen, CEO of Diamond CBD parent company PotNetwork Holdings, Inc.
There is no shortage of news on the “booming CBD sector” going into 2019, but with increased demand, technology must also take a large step forward and it seems Supercritical CO2 Extraction is one method leading the way.
For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
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