KELOWNA, British Columbia, July 30, 2018 (GLOBE NEWSWIRE) -- Vitalis Extraction Technology today announced a rapid expansion plan solidifying its position as the largest supercritical CO2 extraction equipment company serving the cannabis industry in North America. Vitalis Extraction Technology works with some of the largest and most award-winning names in cannabis – both extract and edible companies – all over the world.
“Our expansion will keep us one step ahead in a fast-growing industry,” said Joel Sherlock, co-founder and chairman of Vitalis Extraction Technology. “Global market increase brings new and returning customers, meaning we have to increase capacity and productivity on every level. We’re adding to headcount and growing our workspace, which will empower us to double our daily system output while driving new research and development.”
Founded in 2016, Vitalis Extraction Technology produces the most sophisticated high-flowing, industrial-scale, supercritical CO2 extraction systems for the cannabis industry. Voted Top Extraction Equipment at the 2017 Lift Canadian Cannabis Awards, Vitalis is on the forefront of emerging Canadian and global markets. Expanding its team of 40 employees, Vitalis’ 10 new hires will include warehouse managers, equipment fabricators and assemblers as well as service technicians across North and South America. The company will almost double its footprint by adding 10,000 square feet of workspace in Kelowna, BC.
“Extraction equipment is one of the most expensive and critical components of cannabis production and distribution, and we understand the gravity of a purchase this size for a growing company,” said Sherlock. “Oftentimes a customer will purchase a machine, and shortly thereafter need a system with greater capacity. Instead of buying a whole new machine, the Vitalis Q and R series systems are ‘future-proofing’ our clients’ businesses, meaning they’re designed to expand for increased output and volume. So when it’s time to scale and expand, no matter the company size, the Vitalis machines will be able to meet those growth needs without a complete replacement.”
Leading the extraction equipment field, Vitalis systems are renowned for their reliability, scalability, and continuous operation. All Vitalis systems are designed and manufactured in accordance with ASME and CSA Standards for Boiler, Pressure Vessel and Pressure Piping Code, and stamped with a CRN and NB registration number confirming that the vessels meet code and have been designed and examined by professional engineers and Authorized Inspectors.
“As the cannabis industry grows, so do our clients,” said Sherlock. “Their success is our success. Expanding our space and hiring new talent will empower us to continue to provide the best product and support in the most aggressive timeframes in the industry.”
Vitalis currently has 40 employees and is set to hire 10 more in August and employ a total of 75 people by the close of 2018. On track for a 105% increase in sales this fiscal year, Vitalis is set to remain the largest commercial supercritical CO2 extraction equipment company in the cannabis space in North America.
About Vitalis Extraction Technology
Vitalis Extraction Technology Inc.© (Vitalis) is a privately-owned, Kelowna-based engineering and manufacturing company, producing the highest-flowing industrial supercritical CO2 extraction system for the cannabis industry. The company’s core focus on innovation and design has vaulted it to the forefront of the market. Renowned for their reliability, scalability, and continuous operation, Vitalis systems are designed and manufactured in accordance with ASME and CSA Standards for Boiler, Pressure Vessel and Pressure Piping Code. The vessels are stamped with a CRN and NB registration number confirming that the vessels meet code and have been examined by an Authorized Inspector. With systems on three continents, Vitalis has the most deployments of industrial CO2 supercritical extractors into the cannabis industry. Vitalis was recently voted Top Extraction Equipment at the 2017 Lift Canadian Cannabis Awards. For more information, visit their website at www.vitaliset.com.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c0c3704c-09ca-4e1b-887e-57845555be27