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ExtractionTek Solutions, Pinnacle Stainless to Merge
Union brings together extraction expertise, centralized equipment design, fabrication.
ExtractionTek Solutions (ETS) and Pinnacle Stainless, two Colorado-based innovators in cannabis extraction technology, equipment design and fabrication, are merging operations, effective Jan. 1, 2021. The company will operate under the name ExtractionTek Stainless, Powered by Pinnacle.
The merger brings together expertise in closed-loop hydrocarbon and ethanol extraction methodologies, and allows the companies to centralize all equipment design with in-house fabrication, all of which will facilitate business expansion. As a result of this merger, the company projects combined revenues of $45 million in 2021. Company leadership plans to maintain current staffing levels.