Consumers are hungry for the health benefits of CBD
Hemp and CBD: This market is ready to take off.
In many ways, hemp is a miraculous plant used to make cloth, rope, cosmetics, detergents, soaps, and more.It's also an excellent source of CBD (Cannabidiol).
CBD doesn't generate a mind-altering high, unlike THC (tetrahydrocannabinol - the psychoactive component in cannabis and hemp). However, it still influences the body and brain and is used for pain relief, anxiety, muscle aches and pains, sleep aids and more.These qualities make CBD extraction a booming business and the opportunities are growing by leaps and bounds every day.
In fact, according to one study, the mainly hemp-driven CBD market has the potential to generate $22 billion in the U.S. alone by 2022.
The market in Canada is also aggressively ramping up.
It has the potential to grow even faster if the Canadian Health Food Association gets its way and persuades the government of Canada to permit CBD in natural health products. A study commissioned by the association estimates that the sector of the CBD market would grow to $2.45 billion in five years. CBD is one of more than 100 cannabinoids in a typical cannabis or hemp strain.
EVO Extracts' precision technology allows producers to select pre-existing recipes for extraction. It also allows producers to choose exactly which elements in the biomass they want for their products. Established extractors and those who are looking to establish new product lines now have an affordable, safe, sustainable and scalable option: EVO Extracts' revolutionary extraction technology.
Developed by well-known inventor Gilbert Fregoso, an expert in electrical engineering and product design with dozens of patents for medical equipment, EVO Extracts uses a highly efficient solventless technology.
EVO Extracts’ revolutionary technology is based on thermal gasification deposition. Unlike traditional systems, which may operate under intense pressure, extreme temperatures or a combination of both, EVO Extracts’ system can achieve results using a patent-pending technology that does not require either. EVO’s system is safe, operates at low pressures and temperature, and achieves commercially viable yields in a much shorter time than traditional extraction methods. Our machine, The EVOlution, can process up to 10 pounds of biomass per hour. In addition, the EVOlution can be programmed to extract from any oil containing biomass such as eucalyptus or pine for those customers looking to expand their product lines.