Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Interview with Anthony Durkacz, Chairman of World Class Extractions Inc. (CSE: $PUMP.C) (OTC: $WCEXF)
Delta, Kelowna, BC January 17, 2020 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Read this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/01171Interview-CSEPUMP.asp
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today’s podcast Investorideas interviews Anthony Durkacz, the Chairman of World Class Extractions Inc. (CSE: PUMP) (OTC: WDEXF), where we discussed the company’s recent agreements in the legal Canadian cannabis market as well as the US hemp/CBD market.
Durkacz discussed some World-Class Extractions Inc. recent announcements, such as the signing of a binding Letter of Intent to establish a joint venture with Canntab Therapeutics Limited (CSE:PILL) to set-up, manage and operate a cannabis and hemp extraction and processing facility at Canntab's manufacturing center in Markham, Ontario. World-Class is entering into various joint venture agreements to deploy its systems and this agreement represents the second Canadian deployment.
The first being their multi-year joint venture agreement with FV Pharma Inc. (CSE: HUGE) (OTC: FSDDF), a wholly-owned subsidiary of FSD Pharma Inc. Under the direction of FV Pharma, World-Class will setup and manage the operations of "Cobra", a large capacity extraction and processing facility in Cobourg, Ontario, owned by FSD Pharma to extract various cannabinoids and other valuable elements from cannabis and hemp plants.
In the U.S., the company announced the signing of an agreement with Nutralife Holdings, LLC and Nutralife Extraction Limited Partnership to establish a joint venture to develop, manage and operate a hemp extraction and processing facility in Imperial County, California to extract hemp oil from hemp biomass in compliance with the U.S. Agriculture Improvement Act of 2018 – also known as the Farm Bill.
When asked what separates World Class Extractions from the heavy competition in the extraction space, Durkacz commented, “our extractors are designed and built with our technology. So this is not off the shelf equipment that you’re buying from China or from other areas. This is developed by us. We use proprietary equipment which is patent pending, that we’ve invented. We believe that our equipment provides higher efficiency, so overall it should reduce cost. The other aspect to extraction is quality. So very much like the flower market today whether you’re dealing with hemp or cannabis, quality is key. You have to have quality and price to be a leader today and that’s what we’re able to do.”
Durkacz then went on to discuss in more detail how these recent agreements will continue to add value to World Class Extractions as well as how the hemp and cannabis industries are expected to evolve and what companies can do to properly evolve with it.
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