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News Release
July 8, 20210

extractX Partners with Canada’s Agricultural Clean Technology (ACT) Program

extractX Partners with Canada’s Agricultural Clean Technology (ACT) Program

$1.48 million in funds highlighted for extractX Inc.

The morning of July 7th, 2021 was exciting for extractX Inc. and the Government of Canada as Parliamentary Secretary Neil Ellis and the Member of Parliament for Niagara Centre, Vance Badawey joined our team to announce that they have highlighted funding of up to $1.48 million from the Agricultural Clean Technology (ACT) Program.

The ACT Program aims to foster an environment for the development and adoption of clean technologies that help cut greenhouse gas (GHG) emissions and improve energy efficiency, promoting sustainable and clean growth that helps meet Canada’s climate change goals.

“Canada’s agriculture and agri-food sector continues to innovate to reduce the environmental impact of its practices. By investing in clean technologies, we are contributing to a smaller carbon footprint and a better future, while supporting businesses like extractX so they can help grow the local economy and the agriculture sector as a whole.“

– Vance Badawey, Member of Parliament for Niagara Centre 

Read Agriculture and Agri-Food Canada’s news release to learn more about the announcement.

Government of Canada supports cutting edge biotechnology company

extractX Inc. was highlighted for this funding because of our commitment to sustainable extraction processes. Our ethanol-based extraction labs help reduce greenhouse gas emissions compared to other processes commonly used in the industry. Our commitment to building mobile extraction labs with the lowest carbon footprint helps Canada’s agriculture and Agri-Food sector in the fight against climate change.  

The Government of Canada has been incredibly supportive throughout the process so far, going above and beyond to help us secure the ACT Program funding to complete the research and development of our extraction labs. We are confident and excited about our relationship with Agriculture and Agri-Food Canada, and truly see them as partners in continuously adopting more environmentally friendly practices and energy efficient technologies and remain leaders in our industry.  

To learn more about the Government of Canada’s Agricultural Clean Technology Program, visit their website here.

extractX Mobile Labs

If you’re in the business of growing cannabis or hemp, or producing THC or CBD distillate products and care about your carbon footprint and GHG emissions while building and operating an extraction lab, reach out to extractX today to learn about our full range of mobile lab solutions, and the benefits of our extraction-as-a-service business model.

Processing Biomass in eXi Mobile Extraction Lab
Discussion Paper
December 19, 20200

Mobile vs Own Build

Building an Own Lab or Partnering with Experienced Extraction Partner: What’s Right for Your Company?

A business approach to the science of cannabis and hemp extraction

Without question, cannabis is big business – and it continues to grow. With more regions legalizing hemp and cannabis production and increased demand for both recreational and medical products, the industry has a bright future in North America and beyond.

As markets mature, companies are expanding portfolios beyond dried flower to include cannabis-infused products like edibles, topicals, and beverages. Hemp-derived CBD products are thriving in the US, where the market is expected to reach $16B by 2023[1]. And vapes, after enduring health scares in late 2019, continue to gain market share.

What’s more, physicians are now more open to exploring the potential of CBD, THC, and CBG for symptom relief. Given the negative health implications of smoking, cannabis and hemp therapeutics lean toward capsules, suppositories, and topicals.

All these trends point to the increased importance of extracts.

As commercial cultivators build or expand extraction capabilities, they recognize that efficiency will be the key factor in determining overall profitability. And in the face of ever-changing regulations and rapidly evolving technologies, this fundamental part of the process can be the difference between a successful company and shuttered doors.

Here, we detail two alternative approaches to establishing a commercial-grade extraction lab and offer up some guidance for business-savvy leaders in today’s competitive cannabis market.

Processing Biomass in eXi Mobile Extraction Lab

The challenges of building and running an efficient extraction lab

Designing and building a lab for cannabis and hemp extraction is no small undertaking. It’s an intensive process that involves the services of specialized architects and engineers, a significant CapEx outlay, and patience: design and permitting through to project completion can take 12-24 months.

  • Obtain a professional engineering report
  • Complete permit applications such as fire, electrical, and processing license and all local jurisdictional permits
  • Engage a GMP consultant report on the building and room layout
  • Develop operational SOPs
  • Construction
  • Source equipment including processing, lab equipment, HVAC, electrical, security systems, and tracking/automation equipment (hardware and software)
  • Install, calibrate, and test equipment
  • Hire and train scientists and lab staff
  • Review and update SOPs
  • Obtain third party peer review and GPP/ cGMP / EU GMP
  • Production
Extraction equipment inside extractX mobile extraction lab

Extraction as a service: The self-contained mobile lab solution

Mobile lab solutions offer a turnkey alternative to the commitment of starting from the ground up. Owned and operated by a partner company, these self-contained suites are customized offsite and delivered ready to be placed inside an existing facility building or sit next to it.

Rather than taking on the inherent risks of a CapEx investment, companies that use extraction services follow a price-per-pound financial model with annual contracts and daily/monthly minimums built in.

  • The extraction-as-a-service model
  • A team of experienced scientists and engineers develops a process and secures equipment that functions seamlessly to deliver on contracted requirements
  • Labs are built to comply with local regulatory standards and come with documented SOPs
  • Labs are delivered to a facility ready to process within a short time of arrival.
  • Trained staff manage ongoing operations – 1 to 3 shifts, 6 days a week
  • Technology upgrades are the lab owner’s responsibility
  • Owned and operated by the partner company

Read the complete Discussion Paper outlining the factors you should consider when weighing this important business decision. Download your copy by filling the form below.

    News Release
    December 2, 20200

    extractX and Tri-Media AGM Results

    extractX Announces Results of Annual and Special Meetings of extractX Inc. and Tri-Media Integrated Marketing Technologies, Inc.

    Toronto, ON – December 2, 2020

    extractX Inc. (“extractX” or the “Company”) today announced the results of both Annual and Special Meetings of extractX and Tri-Media Integrated Marketing Technologies, Inc. (“Tri-Media”).

    Voting Results of the Annual and Special Meeting of extractX held on Thursday, November 26, 2020

    With 100% cast in favour, shareholders of extractX (“eXi Shareholders”) approved the amalgamation of extractX with 12491613 Canada Inc., a newly formed company (“Subco”) which is a wholly-owned subsidiary of Tri-Media pursuant to which extractX and Subco will amalgamate (the “Amalgamation”) and continue as one corporation (“Amalco”) and eXi Shareholders will receive Tri-Media shares in exchange for their extractX shares.

    eXi Shareholders re-elected four (4) directors to the board at the meeting: Collin Stone, Albert Iannantuono, Keith Cumming, and Geoffrey Martinak.

    The results of the vote on the election of the Board of Directors are as follows:

    extractX Voting Information

    Additionally, resolutions approving the following additional matters were passed at the meeting:

    • Fixing the number of directors to be elected at four (4) passed with 100% of votes cast in favour.
    • Appointing Jones & O’Connell LLP as auditors of the Company passed with 100% of votes cast in favour.

    Voting Results of the Annual and Special Meeting of Tri-Media held on Monday, November 30, 2020

    With 100% of votes cast in favour, Tri-Media is authorized to complete a business combination with extractX and to rename the Corporation as EXTRACTX INCORPORATED or a similar name wherein shareholders of the private company extractX will receive one (1) common share of the resulting issuer for each one (1) common share presently held, and nineteen (19) common shares of the resulting issuer for each one (1) common share presently held if the share consolidation is not approved or not completed. Completion of the transaction is subject to the lifting of a cease trade order against Tri-Media.

    The shareholders of Tri-Media re-elected five (5) directors to the board at the meeting: Albert Iannantuono, Rick Dillon, Andrew Bailey, Keith Cumming, and Wilmer Otto.

    The results of the vote on the election of the Board of Directors are as follows:

    Tri-Media Voting Information

    Additionally, resolutions approving the following additional matters were passed at the meeting:

    • Fixing the number of directors to be elected at five (5) passed with 100% of votes cast in favour.
    • Appointing Jones & O’Connell LLP as auditors of the Company passed with 100% of votes cast in favour.
    • Approval and ratification of the continuation of the existing stock option plan passed with 100% of votes cast in favour.
    • The consolidation of Tri-Media’s issued and outstanding common shares on the basis of one (1) new share for nineteen (19) existing shares, or such lesser consolidation ratio as the Board of Directors, in their sole discretion may approve between the range of one (1) new share for one (1) existing share and one (1) new share for nineteen (19) existing shares passed with 100% of votes cast in favour.
    • The name of Tri-Media being changed to “EXTRACTX INCORPORATED” or such other name as the board of directors of the Corporation may approve was passed with 100% of votes cast in favour.

    About extractX

    extractX designs, builds, and operates industrial scale self-contained mobile extraction laboratories equipped with the most effective and reliable equipment, allowing for efficient 24/7 operation, and unlimited scalability to meet the demand of any size operation. Built to GPP/GMP/EU-GMP standards, extractX purpose builds mobile, turn-key extraction laboratories to service cultivators and producers wherever and whenever the service is needed, onsite and on demand anywhere in the world.

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