Cannabis co 3H raises equity crowdfunding to purchase alcohol extraction line

The 3H company – operating in the cannabis industry – has signed an agreement to purchase an alcohol extraction line, one of the goals of the ongoing issue of shares, promoted on the Navigator Crowd platform, 3H reported.
One of the goals of the issue was the purchase of components for the ethanol extraction line, which was originally supposed to take place in the second quarter of 2022. However, the company’s management board has already made the first orders with partners and transferred the first funds. Further dietary supplements will also be available for sale in February, it said.

“The current subscription level for new issue shares already guarantees us financing for the first, key goals, so there was no reason to wait. We know what and how we want to do. At the turn of December and January, we signed a contract for the purchase of a line for alcohol extraction in a wide range of temperatures with the necessary equipment and we made an advance payment in accordance with the contract. As a result of the investment, the company will be one of the few in Europe and probably the only entity in Poland that uses low-temperature extraction, which will allow to obtain an extract richer in bioactive compounds compared to offers available on the market “- said Andrzej Jasieniecki, chairman of the supervisory board of 3H in the message.

The next element of the production line is to be a molecular distillation installation, the purchase of which is planned for the third quarter of this year. It is there that key isolates and extracts are to be formed.

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