Efficiency, Innovation, and Automation for Cannabis and Hemp
Xtraction Services is a premier oil processing solutions company, providing mission critical equipment, staffing, service, and expertise, to a network of high-volume hemp and cannabis manufacturers around the globe. Xtraction is currently working with a number of multi-state cannabis and hemp processors as well as co-operatives, to scale their operations and quickly provide access to large scale industrial equipment to benefit from the rapidly expanding oil market. Xtraction has existing customers in California, Florida, Nevada, Oregon, Kentucky, Puerto Rico and Texas, with additional prospects in Canada, Columbia, Peru, and various states in the U.S.
Xtraction received its founding capital of $2.6m from Archytas Ventures, a private equity firm with operations in LA and NY, who also led the series B financing, which added an additional $2.8m in capitalization. More recently, Xtraction completed a series C financing, which raised approximately $3m, bringing the total capital raised by the firm to over $8m. Existing investors in Xtraction include an array of investment companies including, Quinsam Capital Corporation (CNSX:QCA), K2 Funds, Alpha North Asset Management, Delaney Capital, HNW Management, and Ollerhead Capital. Xtraction Services has entered into a binding letter of intent to complete a business combination with Caracara Silver Inc. (NEX-SILV.H).
Industry leading turn-key extraction solutions providing state-of-the-art cannabis and hemp extraction equipment.
With the increasing popularity of edibles and extracts, many cannabis cultivators have realized that they can capture more value by moving into these product categories. The challenge that they face is finding the right equipment and a provider who can get them up the learning curve so that they are able to realize its efficiency. Xtraction Services does exactly this for its clients, the company is also is able to provide the equipment through a leasing program, which greatly reduces the need for a large up-front capital investment.
- Why spend millions of dollars on new equipment that quickly becomes obsolete?
- Why spend time recruiting, training and scouting for experts every time you grow or expand.
- Why use expensive debt or equity financing for expansion?
- Xtraction Services provides the best equipment and staff so you can focus on what you do best.
Why Xtraction Services’ Equipment Stands Out
In this video, Dr. Dundore, inventor and CTO, highlights the XS50L CO2 supercritical machine, explaining what makes Xtraction Services’ equipment stand out.
Led by CTO, Dr. Dwayne Dundore, the dedicated team of engineers at Xtraction Services works continuously to improve designs to ensure that company equipment performs at the highest levels of extraction for cannabis and hemp oil purity and quality on the market today.
Remote Monitoring Services and Support
Xtraction Services will work with your team to bundle service and equipment costs to create a comprehensive and individualized laboratory and extraction environments with trained operators and engineers dedicated to your business.
Each service agreement is uniquely formulated to establish proven standard operating procedures for your unique extraction and finishing solution production goals.
By collaborating with the company’s team of engineers, scientists, project managers, and 24/7 remote monitoring support, you’ll gain access to the full suite of services including maintenance, service, and operational support.
Experienced Management Team
Xtraction’s management team has a successful track record of creating shareholder value with over 150 years of collective experience in scaling high growth businesses, product engineering and development, finance, and operational best practices.
President, Chief Executive Officer
Mr. Kivitz brings over 15 years of investment and operations experience in high growth businesses. He was previously a Managing Partner at the Alta Verde Group, a company he co-founded to acquire distressed real estate assets resulting from U.S. the housing market crash in 2008. Mr. Kivitz successfully grew the Alta Verde Group to over US$50 million in annual sales and in 2015 it was recognized as the #3 Fastest Growing Private Company in Los Angeles by The LA Business Journal. During his tenure at the Alta Verde Group, Mr. Kivitz also structured and closed in excess of US$250 million of land financing, debt, and equity to achieve scale for the company.
Chief Technology Officer
Dr. Dundore is an accomplished electrical and thermal dynamics engineer with a background in commercial and industrial design, and large-scale installations. Dr. Dundore holds over 15 patents and has in-depth knowledge of alternative energy, control, automation, and supercritical fluids. Prior to his role at Xtraction, Dr. Dundore was the Director of Technology for Eco Ventures Group. Inc., a company he co-founded to design and build a Perseus metal recovery system, which successfully went public in 2014. Previously, Dr. Dundore held senior roles with Raptor Technology Group, General Atomics, and the Department of Defense.
Chief Financial Officer
Mr. Hayes was previously a Partner and COO at Milestone Partners, a middle market private equity firm focused on the financial services, tech-enabled solutions and tech-driven manufacturing sectors. During his 15+ years at Milestone, the firm managed over US$650 million of original capital commitments and closed over 30 platform investments. Prior to Milestone, Mr. Hayes held finance and investment banking roles at JP Morgan, The Stratum Group and First Fidelity.
Chief Marketing Officer
Mr. Radbod is a marketing executive turned entrepreneur responsible for launching a series of successful startups since 2010. Mr. Radbod co-founded a wide range of businesses in the corporate and technology landscape, including companies focused on digital content marketing, Software as a Service (“SaaS”) technologies and growth consulting for emerging markets. Strategies he crafted while overseeing operations of those companies grew aggregate revenues to over US$260 million. Prior to his entrepreneurial endeavors, he was a Marketing Director for a private wealth management firm in Washington, D.C. and as VP of Product Marketing for a SaaS technology company.
Select Client Testimonial
As a high volume grower in a large state, choosing the right extraction partner was critical to our success. We spent a considerable amount of time researching and testing alternatives and are confident we’ve made the right decision. Xtraction Services made the process easy, their team of professionals is well experienced and worked together well with our company’s executives and staff.
We are now planning additional installations in several of our other facilities. The quality in engineering is clearly seen in the quantity and quality of extract produced. Xtraction Services figured out how to get most of the cannabinoids out of the plant in the first run with a shorter cycle time than the others. Simply said this machine is the best on the market!
– Alex Karol, Lead Chemical Engineer at Knox Medical