FinCanna Sells Cannabis Extraction Equipment to Investee Company, CTI, for an Increased Royalty Stream theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.
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New Equipment Allows CTI to Increase Current Production Capacity Up To 500%
VANCOUVER, BC / ACCESSWIRE / February 4, 2021 / FinCanna Capital Corp. ( FinCanna ) (CSE:CALI) (OTCQB:FNNZF) a royalty company for the U.S. licensed cannabis industry, is pleased to announce that it has sold a portion of its unutilized extraction equipment to investee company, Cultivation Technologies Inc. ( CTI ), located in Palm Desert, CA, for an increased royalty stream.
CTI management estimates the new manufacturing equipment will increase their current volume capacity by as much as 500% of which FinCanna will receive an increased royalty stream on CTI s top line revenue.
Andriyko Herchak, CEO of FinCanna Capital stated, CTI is a proven award-winning manufacturer of high quality BHO concentrates with a growing list of recognized clients in California. This new equipment will allow CTI to increase revenue with their long list of existing customers while securing additional new business. As a resu
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