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Hempstract Inc. (OTC PINK:HPST) announced the resignation of Justin Costello as Chairman of the Board on May 18, 2021. CEO Richard Hawkins expressed gratitude for Costello's contributions to the company's startup and growth phases. Hempstract, based in Warden, Washington, provides premium CBD solutions focusing on quality and safety. The company emphasizes maintaining high standards in its CBD isolate and oil products. These developments may indicate a potential shift in leadership and future strategies for Hempstract.
Hempstract Inc. (OTC PINK:HPST) reported the completion of financial forecasts related to its January 2021 tolling agreements, achieving extraction of 36,821 pounds of raw hemp yielding 4,050 pounds of product. The company anticipates vertical revenues from these agreements reaching $15,624,050. To enhance production efficiency, Dr. Travis Denton has joined the team to implement rapid dosing techniques. CEO Richard Hawkins expressed optimism about the results exceeding expectations and highlighted new equipment to scale operations and meet market demand.
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