An emerging leader in extraction, Pure Extracts Technologies (CSE: PULL) began trading on the Canadian Securities Exchange (“CSE”) earlier this month under the symbol ‘PULL’. The plant-based extraction Company focuses on cannabis, hemp, and functional mushroom sectors and uses its proprietary CO2 extraction methodology to obtain full-spectrum oil (“FSO”) from cannabis and hemp biomass.
“We are pleased to have listed on the Canadian Securities Exchange as a significant first step towards Pure Extracts’ continual expansion within the emerging extraction space,” said Pure Extracts’ CEO Ben Nikolaevsky. “There currently is a tremendous opportunity for growth in consumer natural health products, for which we plan on playing a pivotal role within the supply chain mechanism by providing full spectrum oil products for the cannabis, hemp and functional mushroom space.”
In a letter to shareholders, Nikolaevsky called the CSE listing a “major milestone” that gives the Company’s shareholders liquidity in the public markets and the Company access to capital. In that same letter, he noted that Pure Extracts recently received its Standard Processing license from Health Canada. “We have spent the last 6 weeks commissioning our equipment for commercial production,” he said. “On Nov. 4th, we ran our first oil extraction and distillation under our licences. We are super excited about our first trial run.”
Nikolaevsky noted that Pure Extracts was running required samples over the coming weeks to “apply for our Sales license with Health Canada, which will allow us to bring our vape brand, Pure Pulls and our edibles brand, Pure Chews to the consumer market. Our products are highly desired by the provincial dispensaries as consumers are gravitating to full-spectrum oil (‘FSO’), which we specialize in.”
“Pure Extracts anticipates starting its extraction tolling business in December with its first batch being scheduled for extraction early in the month”, said Nikolaevsky. In addition, now that the Company can provide samples, it is bidding on several contracts in the white label arena. “Although the Health Canada approval took longer than we planned for, we believe we can capture some meaningful volumes in the white label area into Q1 2021,” he said.
In addition, Pure Extracts is entering the functional mushroom space “We intend to launch these products in Q1 from an online portal that we are developing. Functional mushrooms have been identified as the new ‘wonder’ product in the wellness space and have been rapidly growing in popularity, so this is a very exciting move for us,” he noted.
Pure Extracts Technologies Inc., headquartered in Pemberton, British Columbia, is a plant-based extraction Company with a new vertical in functional mushrooms. The Company is positioned to be a successful extraction Company and a leader in the rapid development and commercialization of functional mushroom products.
For more information, visit the company’s website at www.PureExtractsCorp.com.
NOTE TO INVESTORS: The latest news and updates relating to PULL are available in the company’s newsroom at https://ibn.fm/PULL
About PsychedelicNewsWire
PsychedelicNewsWire (PNW) is a specialized content distribution company that (1) aggregates and distributes news and information on the latest developments in all aspects and advances of psychedelics and their use, (2) creates PsychedelicNewsBreaks designed to quickly update investors on important industry news, (3) leverages a team of expert editors to enhance press releases for maximum impact, (4) assists companies with the management and optimization of social media across a range of platforms, and (5) delivers unparalleled corporate communication solutions. PNW stays abreast of the latest information and has established a reputation as the go to source for coverage of psychedelics, therapeutics and emerging market opportunities. Our team of seasoned journalists has a proven track record of helping both public and private companies gain traction with a wide audience of investors, consumers, media outlets and the general public by leveraging our expansive dissemination network of more than 5,000 key syndication outlets. PNW is committed to delivering improved visibility and brand recognition to companies operating in the emerging markets of psychedelics.
To receive instant SMS alerts, text “Groovy” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.psychedelicnewswire.com
Please see full terms of use and disclaimers on the PsychedelicNewsWire website applicable to all content provided by PNW, wherever published or re-published: https://www.psychedelicnewswire.com/Disclaimer
Do you have questions or are you interested in working with PNW? Ask our Editor
PsychedelicNewsWire (PNW)
San Francisco, California
www.psychedelicnewswire.com
415.949.5050 Office
Editor@PsychedelicWire.com
PsychedelicNewsWire is part of the InvestorBrandNetwork.
According to a recent study, individuals who have used classic psychedelics like LSD or psilocybin…
There is a growing trend in which parents take tiny doses of psychedelics like LSD…
Walter Reed National Military Medical Center officials confirmed they are awaiting a $4.9m grant to…
A new study has found that while all ethnic and racial groups can benefit from…
A new study that is yet to be peer-reviewed has found that rats given psilocybin…
The American embassy in Peru has warned Americans against taking traditional psychedelics like the ayahuasca…