Since commencing operations in September 2018, CHTC has established core capabilities in drying hemp and primary extractions to produce crude oil at two manufacturing locations in Oregon. In 2019, CHTC will expand into refinement (distillation and isolation) and in 2020 into producing bulk formulations and begin supplying proprietary genetics to select farming partners.
For the 2019/20 harvest cycle, CHTC has established the goal of drying and extracting 2,500 acres of hemp (equivalent to 5% of Oregon’s currently registered acres). This objective requires establishing capability to produce 10 million dry pounds of biomass and sustain extraction operations of 40,000 pounds per day (on average), which will produce over 300 MT of crude oil. CHTC anticipates further refining 60-70% of the crude oil produced into distillate and isolate.