PURE HARVEST CORPRATE GRP - PHCG STOCK NEWS

Pure Harvest Corporate Group (OTCQB: PHCG) has entered a letter of intent to acquire a 51% interest in Peak Holdings, expanding its footprint in Colorado and beyond. This acquisition includes two retail dispensaries—one on Denver's Green Mile and another in Sedgwick—aimed at enhancing market access. With operations also in Arizona and a pending agreement in New York, Pure Harvest seeks significant growth in these emerging cannabis markets. Company executives expressed enthusiasm for the partnership and the potential to build a national cannabis brand.

Pure Harvest Corporate Group (OTCQB: PHCG) has engaged GF Consulting, LLC to identify cannabis acquisition targets in Colorado. Alongside, the company has entered a non-binding letter of intent with Green Farms, LLC for a potential acquisition aimed at expanding its operations in Colorado Springs. CEO Matthew Gregarek emphasized the strategic importance of this partnership in increasing market presence and shareholder value. The acquisition will enhance Pure Harvest's footprint in Colorado's growing medical cannabis market, especially with the potential future rollout of retail cannabis.

Pure Harvest Corporate Group (OTCQB: PHCG) released its third quarter results, reporting total sales revenue of $507,865, up from $318,690 year-over-year. The company surpassed $2 million in sales for 2021, with an adjusted EBITDA of $2,020,520. Significant growth is credited to the acquisition of SKM and the establishment of a retail facility in Colorado. However, plans for a $30 million investment from Kingpins International fell through, prompting potential legal actions. A new subsidiary, Phytocare, Inc., aims to distribute CBD products through healthcare networks, targeting 2.2 million patients.

Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) issued a corrected press release following earlier inaccuracies. Key financial highlights include a significant revenue increase for Q2 2021, rising from $3,951 in Q2 2020 to $762,778. Gross profit also improved from -$36,114 to $150,660. The company reported $1.56 million in year-to-date revenue. Notable operating achievements include the first anniversary of its Colorado operations, a share agreement for $30 million with Kingpins International, and the launch of new product lines like Hemparita and Zosi.

Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) reported significant growth in its Q2 2021 financial results compared to Q2 2020. Revenue surged from $3,951 to $762,778, with a gross profit increase from -$36,114 to $150,660. Year-to-date revenue reached $1,556,926 against $5,041 in the prior year. Notable operational highlights include a successful first year for Pure Harvest Colorado's retail facility, a partnership with Doc.U.Care, and the introduction of award-winning products like Hemparita.

Pure Harvest Corporate Group (PHCG) has signed an agreement with Doc.U.Care to supply CBD products under self-insured corporate health and wellness plans. This partnership will enable individuals and their families within a network of Third-Party Administrators (TPAs) to access a range of hemp-derived health products. The agreement potentially reaches 550,000 employees currently, with an opportunity to expand to an additional 2.2 million by late 2022. Executives from both companies express confidence that this collaboration will revolutionize healthcare and increase acceptance of CBD products in preventative care.

Pure Harvest Corporate Group (OTCQB: PHCG) has appointed Alexis Johnson to its Advisory Board, reflecting the company's commitment to social equity in the cannabis and hemp industry. Johnson will spearhead the development of the company's Corporate Social Responsibility (CSR) program, focusing on education and social justice initiatives. Her involvement aims to enhance Pure Harvest's business interests along the east coast and internationally. CEO Matt Gregarek emphasized the company's commitment to creating a more equitable cannabis industry.

Pure Harvest Corporate Group (OTCQB: PHCG) has announced the launch of its new wellness product line, Zosi, designed to enhance the endocannabinoid system. Utilizing Complex 612, a proprietary ingredient that incorporates a full-spectrum hemp extract along with functional mushrooms and eastern herbs, Zosi aims to provide consumers with natural alternatives to traditional pharmaceuticals. Products are now available across the U.S. and include ingredients like ashwagandha, turmeric, and reishi mushroom.

Pure Harvest Corporate Group (OTCQB: PHCG) reports a remarkable 92.65% increase in Q1 2021 revenue to $794,148, compared to $412,228 in Q4 2020. This revenue surge surpasses the 2020 total revenue of $735,690 and is a significant leap from Q1 2020's $1,091. The growth is attributed to sales from its Colorado marijuana operations and the revenue generation by its subsidiary, Test Kitchen, through a new white label program. CEO Matthew Gregarek emphasized the company's potential for diversified revenue generation.