Concentrates refer to the product from extraction of cannabis compounds through the use of a solvent and often sophisticated chemical process. Solvents used in the cannabis extraction process include butane, carbon dioxide, alcohol, or even oxygen.
1) Vape Holdings is currently negotiating with a Colorado state-licensed enterprise to acquire a state-of-the-art cannabis extraction facility, or its production via commercial offtake. As they are available, details will be announced by company press release.
2) Vape Holdings intends to pioneer standards of manufacturing stable, pure, and highly effective concentrates for a variety of purposes within states where marijuana / cannabis are legal.
3) Vape Holdings expects to increase scale after achieving the proposed acquisition of an initial cannabis extraction facility, and replicate this business in other locales or states where cannabis extraction is both legal and commercially viable.
The purpose of extraction is to remove cannabinoids from plant matter in order to create a product with higher purity for personal consumption. By first removing cannabinoids from marijuana plant matter, then removing any potentially harmful solvents utilized in the extraction process — consumers are left with a highly effective and potent product to meet their needs.
Cannabis concentrates are used throughout a variety of products, and represent the highest growth vertical within the legal commercial marijuana industry (See: ArcView’s Executive Summary on the Legal Marijuana Markets)
Examples of products created from cannabis concentrates, which Vape Holdings intends to produce in licensed facilities or acquire, include:
- “Hash Oil” for vaporization, or simply “oil”
- Edibles such as candies, cookies, sauces, and more
- “Wax,” or solid extracted cannabis compounds
As legalization progresses, the quality standards used within this process are paramount to longevity and safety for consumers.
CNN Chief Medical Correspondent Dr. Sanjay Gupta explored one example of medical cannabis concentrate impacting a child’s life in a prominent CNN documentary entitled “WEED”
“By the time she was 3, Charlotte was having up to 300 grand mal seizures every week… Eventually she lost the ability to walk, talk and eat. The seizures were so severe Charlotte’s heart stopped a number of times. Doctors suggested putting the child in a medically induced coma to give her small, battered body a rest…The first time Paige Figi gave her daughter, Charlotte, cannabis oil, the child’s seizures stopped for seven days…Today, Charlotte is thriving. Her seizures are down to 2 to 3 per month, almost solely in her sleep. She is walking, can feed herself and is talking more and more each day, her parents say.” CNN Article by Saundra Young
Should marijuana be legal in the United States?
The tides are clearly turning — 58% of Americans say YES. When Gallup first asked the question in 1969, this figure was only 12%.