In less than fi ve years, founders Marc Beginin and Nick Tennant took
Detroit-based Precision Extraction Solutions f rom a novel idea to
the worldwide leader in cannabis and hemp extraction technology.
From its humble beginnings inside a 1,200 sq ft facility, the company
initially designed, engineered, and built extraction equipment
specialized for cannabis operations. Since then, Precision redeployed
its operations to a sprawling 20,000 sq ft warehouse and international
headquarters, expanding its offerings to include site planning and
design services, primary and post-production extraction equipment,
and turnkey solutions for a variety of commercial extraction applications.
With the passage of the 2018 Farm Bill, legalizing hemp and CBD
extracts on the federal level, Precision now engineers and manufactures
mega-industrial scale hemp processing plants that can scale to process
over 100,000 lbs of input biomass per day.
With over 70% of cannabis and hemp retail sales currently coming
f rom extract-derived products, and CBD market alone anticipated to
be a $22 billion industry by 2022, Precision is capitalizing on the fastest-
growing segments of the burgeoning industry.
We took the time to sit down with these innovators to ask them how
they are building their company and contributing to the growth of this
fast-growing industry.
Q: What products and services does Precision Extraction
Solutions offer?
A: Precision offers cannabis and hemp extraction equipment,
technology, site planning, compliance, lab build-out, installation,
consulting, and training. From ideation to implementation, Precision
helps navigate our customers through a maze of regulation and get
their extraction businesses up and running in short order. Speed to
market is not only a credo for our business, but that of our customers.
Q: What do you think has contributed the most to Precision
Extraction Solutions success?
A: Precision was built on the design and manufacture of the most
innovative and highest quality extraction equipment in the industry.
The company’s continued growth and sustainability have come f rom
providing our customers with the highest level of service and technical
support.
Our team’s innovative spirit, coupled with our company-wide
commitment to our customer’s success, has propelled Precision
forward. People drive performance, and we genuinely believe that the
Precision team of professionals is made up of the best people you will
fi nd.
Precision engineers stay ahead of the curve, continually innovating
and experimenting with new design methods while predicting future
essentials within the industry. As industrial production expands, so
does the mindset of our development team, which is focused on
overcoming physical and technological obstacles for our customers.
Recently introduced, KPD Series of extraction plants and our Multi-
Solvent Extractors are stellar examples of Precision’s state-of-the-art
capabilities that surpass all industry standards.
Q: With more food processing companies entering the space,
how does Precision plan to remain the industry leader?
A: Precision extraction systems are world-renowned for quality, safety,
and precise operation; hence why more award-winning concentrates
are made with Precision than any other brand. Extracting cannabis
and hemp is an entirely different and unique process. Our technical
expertise of the process and the industry allows us to better position
our clients for success. Our company has been recognized as the
experts in extraction equipment and technology, and our list of blue-
chip clients includes a majority of the world’s leading extract brands.Q: As the industry grows, and more people are investing in the
cannabis and hemp industry, has your customer base changed?
A: The customer base has defi nitely changed. In the past, our customers
were highly knowledgeable about the industry, and they were just
looking for high-quality extraction equipment to build their business
around. Fast forward a few years, with legalization comes more public
acceptance, and investors are recognizing the opportunity of entering
the highly-lucrative industry. Most of these investors have impressive
entrepreneurial backgrounds, but they have limited knowledge of the
cannabis industry, which is where Precision can help.
We not only see our job to deliver the highest quality equipment, but
also to educate our consumer on the best extraction methods, work
fl ow space design, and the industry in general.Q: What’s next for Precision Extraction Solutions?
A: With the federal legalization of hemp and CBD came the demand for
more robust levels of processing and scaling of extraction operations.
Precision has met the challenge to engineer and build the largest and
most effi cient hemp and cannabis extraction facilities the industry
has ever seen. Stay tuned for a new age of industrial processing to be
revealed by Precision in the coming months.For more information on Precision Extraction Solutions, visit http://www.precisionextraction.comQ&A WITH THE LEADERS IN CANNABIS
AND HEMP EXTRACTION TECHNOLOGY
THE GREEN RUSH