Weekend Unlimited Industries Inc (CSE:POT) (OTCMKTS:WKULF) said Tuesday that it is “excited” to be deploying True North Cannabis's specialized product upgrade process for the 2020 organic biomass grown on its 600-acre Northern Lights Organics hemp farm in British Columbia.
In a statement, Weekend CEO Chris Backus said the Vancouver-based recreational cannabis group’s partnership with True North allows it to “leverage” their specialized product upgrading process.
It will essentially raise the CBD percentage, while at the same time lower the volume, which cuts the cost for extraction, said Backus.
"Given the nature of CBD and current market conditions, extraction costs on lower potency biomass often drives down profit margins. By engaging in this process with True North, we will decrease the volume of biomass volume for extraction and increase CBD potency, allowing us to effectively position our product in a competitive biomass market," he added.
The Weekend Unlimited boss said that based on past numbers and analysis done on Northern Lights research crops, the company is excited to deploy True North’s upgrade process on the 2020 crop.
“Although every process is unique with outcomes, we are confident we will see similar results in terms of substantially increasing the CBD potency, while reducing the overall biomass required to be extracted," said True North CEO Shayne Hamilton. "This process enhances the overall efficiency of biomass in CDB extraction.”
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