Novagant to Enter Cannabis Extraction Market With Its New Product: Botanical Extractor as DIY (Do it Yourself)

 

Novagant to Enter Cannabis Extraction Market With Its New Product: Botanical Extractor as DIY (Do it Yourself)

DENVER, CO - January 13, 2015 - InvestorsHub NewsWire - Novagant Corp. (OTC Pinksheets: NVGT) is pleased to announce that it has recently introduced its Closed Loop Botanical Extractor. The Extractor is a modular design product line which allows customers to create do-it-yourself projects.  Customers can build their own Extractor by purchasing any combination of the parts available from Novagant that are of top of the line stainless steel integrity.  The Company’s Extractor features a quick mounting design for easy DIY assembly and operation for extra convenience, and also a proprietary reusable filter designed by our in-house engineering team for more economical use.

 

Cannabis extracts are being produced and consumed in all 50 states and the national market promises to grow by billions in the next five years. As medical and adult use legalization continues to foster the development and innovation of legal cannabis brands, national demand will similarly increase for extractors.  By the presidential election of 2016, Arcview Market Research estimates 11 more states will have legalized adult use cannabis, giving the aboveground national cannabis market a $10 billion value by 2018.

 

“The future of the Cannabis industry is dependent on the future of the extraction market,” commented Michael Thornton, Novagant’s Vice President. “While people are stepping away from the flower [marijuana buds], the extraction market is blooming to find its way into the purified concentrates which are wildly popular today.”

 

About Novagant Corp.:

Novagant Corp. was incorporated in the state of Nevada on February 23, 1987 under the name of Kendrex Systems, Inc.  The Company underwent several name changes, and ultimately on November 26, 2013 changed its name to Novagant Corp. For more information about the Company, please visit www.novagant.com.

 

Safe Harbor:

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

 

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