Article by Sara Fraser, CBC News
A P.E.I. company that makes cannabis oil extraction systems is claiming its place in Canada’s green rush.
Advanced Extraction Systems, which works with Diversified Metals Engineering (DME) in Charlottetown to manufacture the equipment, began back in 2015.
“Things have been moving tremendously fast in this industry,” says chief operational officer David Campbell, who’s also one of the company’s three major shareholders.
“We’re very excited about the possibilities for this company.”
Cannabis oil is the fastest-growing segment of Canada’s fledgling pot industry, Campbell said, because oil can be used in many products such as candy, sprays and creams.
Advanced sold its first system in 2015 to Canopy Growth in Smiths Falls, Ont., where Tweed brand weed products are created. (Tweed partners with entertainer and prodigious pot smoker Snoop Dogg.)
‘Demand is so high’
Advanced spent a lot of time working on that first system — it was the largest one in the world, Campbell said, — and the company wanted to make sure it was not only safe, but also yield enough oil for Tweed to be profitable.
It was designed by the company’s chief technology officer, who is also a mechanical engineer with a PhD in supercritical fluid extraction.
Since then, Advanced has made and sold three more systems and is in the process of manufacturing and installing nine more — including an expansion of its original system for Tweed.
“And we expect that to drastically increase as we move toward the recreational market,” Campbell said.
The company is building a handful of systems on its own, without having received orders.