RE:Eureka 93 Inc. Announces Trading Date and Solidified Roadmap Some great info in the release right here...
Applied to List Common Shares on the NASDAQ
In tandem with its application to the CSE, Eureka93 has also applied to list its common shares on the NASDAQ. Further details on the status of this application will be shared at a later date.
Production Update
With a current extraction capacity of 48,000 kg (48 metric tons/105,822 lbs) of hemp biomass per month, Eureka93 has refined its proprietary process to consistently produce up to 8,000 litres (2,113 gallons) of full-plant extract per month, subject to biomass availability. These 8,000 litres can be sold at this point in the process or be further refined and isolated to create up to 800 kg (0.8 metric tons/1,764 lbs) of high-grade CBD isolate per month, increasing to 1,000 kg (1 metric ton/2,205 lbs) per month in the coming weeks with existing working capital.
In the short-term, the company intends to double its extraction capacity to 96,000 kg (96 metric tons/211,644 lbs) per month with a modest investment (less than US$100,000). Additionally, the company plans to deliver up to 2,000 kgs (2 metric tons/4,409 lbs) of high-quality CBD isolate powder per month this fall (subject to the availability of an estimated capital investment of US$2 million).
While production capacity continues to grow in Montana, a retrofit of Eureka93’s newly acquired Las Cruces, New Mexico, facility will increase the company’s current extraction capacity by approximately 2,000,000 kg (2,000 metric tons/4,409,250 lbs) of hemp biomass per month. At full production capacity, this would generate up to an additional 70,000 kgs (70 metric tons/154,324 lbs) of CBD isolate per month.
Plus confirmation of sales to Tilray. Watch how this opens. The sector is heating up again and CBD is at the forefront. Lots to be excited about for shareholders.