KRTL Holding Group Inc. (OTCMKTS:KRTL) announced on September 07, 2022, about entering into a strategic alliance for the exclusive deployment of a state-of-the-art mobile extraction plant with Entexs Corporation and Iron Sight Industries.
Trading Data
On Wednesday, KRTL stock rose 1.03% to $0.0490 with 535.75K shares, compared to its average volume 178.72K shares. The stock moved within a range of $0.0402 – 0.0530 after opening trade at $0.0470.
KRTL to Launch Proprietary Mobile Extraction Technology to Disrupt Cannabis Industry
KRTL’s partnership with Entexs and Iron Sight greatly boosts the scope of KRTL’s US-based operations nationwide. The company’s ability to create this one-of-a-kind methodology across multi-discipline teams into a combined proprietary end-product and connect it with KRTL’s substantial pipeline of end distributors has created incredible revenue-generating potential. At full capacity, KRTL anticipates producing over 8,500 liters of mid-potency Full Spectrum or high-potency Broad Spectrum THC distillate per year per extraction unit.
By combining compliance, banking and legal expertise of nationwide operations under KRTL’s public company, with the operational efficiency and physical security from Iron Sight’s military-trained rapid deployment team, and the turn-key rugged and high-throughput mobile system from Entexs, KRTL has come up with a remarkable solution that greatly reduces risk for investors while maximizing access to future hemp, cannabis, and psilocybin opportunities.
The early launch deployment contracts are expected to be finalized in New Jersey, Oregon, Washington, and California, with more to follow. Cannabis-based THC products can’t legally cross state lines, but KRTL can approach directly, produce end-products like THC distillate and isolate, and sell wholesale or refine further into high concentration/potency vape cartridges while in-state.
Key Quote
“We’re incredibly excited for this opportunity, a brick-and-mortar extraction lab typically takes 12-18 months to standup once all financing and vendors are in place, then it is restricted to a geographic region. If that region’s demand or supply lines dry up or become over saturated as we’ve seen happen in the Oregon and Californian markets, that’s a lot of overhead to maintain raising the risk for stakeholders. By creating both a solution and methodology for quickly inserting into remote legalized states for hemp and cannabis production, we significantly lower stakeholder risk and maximize revenue generation potential. What’s even more powerful is that the methodologies that KRTL have developed, directly crossover to psilocybin, meaning this extraction solution can be deployed for psilocybin extraction as recreational psilocybin starts legalizing, quickly taking advantage of those early burgeoning markets – this is truly a first of its kind model,” said Daniel Ball, CEO of KRTL.
Technical Data
KRTL stock is trading above the 20-Day and 50-Day Moving averages of $0.0445 and $0.0392 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0344. The stock is up 9% over the past month.
