Proactive Investors - Run By Investors For Investors

1933 Industries increases capacity at Las Vegas hemp extraction facility

The cannabis investment company is aiming to launch one of Nevada’s largest hemp extraction facilities with a custom-built ethanol extraction system that provides the ability to isolate CBD, THC and several other cannabinoids
cannabis greenhouse
The hemp laboratory’s increased capacity is now an estimated 68,000 kilograms of hemp biomass per month

1933 Industries Inc (CSE:TGIF) (OTCMKTS:TGIFF) announced Monday that it had increased throughput capacity at its Las Vegas hemp processing laboratory as work progresses to open the facility by the end of the year.

The hemp laboratory’s increased capacity is now an estimated 68,000 kilograms of hemp biomass per month, producing around 5,000 kilograms of oils or 4,500 kilograms of CBD isolate.

The cannabis investment company is aiming to launch one of Nevada’s largest hemp extraction facilities with a custom-built ethanol extraction system that provides the ability to isolate CBD, THC and several other cannabinoids, including oils.

READ: 1933 Industries launches Canna Fused products in Nevada at NuWu 420 celebration event in Las Vegas

According to 1933 president CEO Brayden Sutton, the company has invested heavily in the design of its customized equipment to provide maximum capacity and efficiency. “We believe that the time and capital invested in the R&D of the facility will provide much larger returns for shareholders in the future,” he said in a statement.

The hemp lab will also have the flexibility to isolate cannabinoids that are emerging in popularity and uses such as CBN and CBG at commercial scale volumes, said US COO Chris Rebentisch. “Our intention for this new vertical is to utilize all isolates in the manufacturing of our own proprietary consumer branded goods, securing the supply of raw materials, increasing our margins and benefiting from a recurring revenue stream from the sale to other manufacturers,” he said in a statement.

Headquartered in Vancouver, 1933 is a cannabis company with operations in the United States and Canada. Operating via three subsidiaries, 1933 owns licensed medical and recreational cannabis cultivation and production assets, hemp-based, CBD infused products, CBD extraction services and a specialized cannabis advisory firm.

Shares of 1933 Industries were up 2% at C$0.48 in Canada and yp over 3% at US$0.36 in the US on Monday aftternoon.

--Updates share price--

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full TGIF profile View Profile

1933 Industries Timeline

Related Articles

cannabis extract
January 16 2019
The Kelowna, BC-based cannabis company specializes in the research, development, production, and testing of high-quality cannabis extracts and oils
cannabis
August 28 2018
Tidal Royalty provides capital to help grow licenced US cannabis firms in exchange for receiving a percentage of future top-line revenues.
A visual representation of a drug candidate working in a dog
January 28 2019
The company has reaffirmed its upcoming milestones as it confirmed December quarter achievements.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use