Precision Extraction Solutions Named Exclusive Equipment Supplier of Canapar S.r.L.

Published: February 13, 2019

Precision Extraction Solutions Named Exclusive Equipment Supplier of Canapar S.r.L.

Precision Extraction Solutions, a market leader in cannabis and hemp extraction technology, has been named the exclusive equipment supplier of Canapar for the development and outfitting of its flagship extraction facility in Sicily, Italy. On the heels of a $25 million CAD ($20 million USD) round of financing, that included a lead investment by Canopy Rivers Inc , the corporate venture capital platform of Canopy Growth Corporation, a global leader in the cannabis sector, Canapar engaged Precision for the design and manufacturing of an industrial scale hemp extraction plant.

“The KPD series extraction plant represents the newest and most innovative extraction technology in the marketplace. We are excited to see this revolutionary and automated cGMP solution at Canapar’s state-of-the-art facility,” states Nick Tennant, CTO of Precision.

The Precision KPD Series is a scalable solution for industrial and agri-processing demands ranging from 2,200 lbs (1,000 kilograms) of cannabis or hemp input material per day to more than 100,000+ lbs per day. Canapar’s Ragusa, Sicily facility, outfitted with a KPD series extraction plant, is expected to produce CBD extracts and isolate, which will then be used for a wide range of health and beauty, cosmetics, pharmaceutical and veterinary products.

“We chose Precision as our extraction technology partner because they are the most recognized and innovative extraction equipment company in the world. They are assisting us in all aspects of the project from facility design to equipment and training. With Precision’s help, the aim is to optimize the extraction process for the production of the world’s finest CBD isolate for the cosmetic and pharmaceutical market,” said Sergio Martines, CEO of Canapar.

The cGMP-compliant Ragusa facility is initially expected to be able to process over 600 tons of hemp biomass per year, making it the largest extraction facility in the European Union. With Precision’s assistance, Canapar is planning on scaling its operation within the next 12-18 months to keep up with projected demand.

According to Marc Beginin, CEO of Precision, “We are thrilled to be working with the professionals at Canapar. Canapar is poised to be the leading CBD isolate provider in Europe. They asked us to produce a scalable extraction plant with speed-to-market top of mind. Our team will be ready to deliver the first phase in Sicily this summer.”

Recent News

View All News Items

Latest Article

How Database Integrations Can Improve Every Step in Your Cannabis Supply Chain Labeling

How Database Integrations Can Improve Every Step in Your Cannabis Supply Chain Labeling

At any step in the cannabis supply chain, your labeling system should allow for full control and traceability, from seed to sale. Implementing lean principles and labeling best practices across the cannabis supply chain can help you streamline your seed-to-sale labeling process and help you gain control.

Click below to read the full blog and learn how to reduce waste, cut costs, and gain efficiency with cannabis labeling: https://bit.ly/2KwZ5IQ

Read Article