Pure Harvest Corporate Group Announces the Acquisition of Solar Cultivation Technologies’ Assets and Intellectual Property
Pure Harvest Corporate Group (OTC: PHCG) has acquired all assets of Solar Cultivation Technologies, Inc., a Denver-based solar company. This strategic acquisition aims to integrate solar, storage, and intelligent distribution technology into PHCG's operations, enhancing sustainability in the cannabis sector. CEO Matthew Gregarek emphasized the potential for PHCG to become an environmental leader, while SCT's CEO, Nick Brait, expressed confidence in the partnership's ability to significantly impact energy requirements and carbon emissions in the industry.
- Acquisition enhances PHCG's technological capabilities in solar energy.
- Positions PHCG as a leader in sustainability within the cannabis industry.
- Strategic alignment with SCT may improve operational efficiencies and reduce carbon footprint.
- None.
Denver, CO, Oct. 09, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Pure Harvest Corporate Group, Inc. (OTC: PHCG), an emerging cannabis and hemp-CBD holding company, is pleased to announce it has acquired all of the assets of Solar Cultivation Technologies, Inc. (“SCT”), a Denver-based solar company focused on bringing solar to the cannabis industry in an effort to minimize the industry’s carbon footprint. This acquisition will allow PHCG to implement SCT’s solar, storage, and intelligent distribution technology throughout its operations in addition to providing these technologies to other operators in the cannabis industry.
“We are extremely excited to acquire SCT’s assets and technology and are confident that this acquisition will position PHCG to become an environmental leader within the cannabis space,” said Matthew Gregarek, CEO of Pure Harvest Corporate Group. “We understand that the industry’s carbon footprint is a tremendous issue and we believe that we now have the tools to make a serious contribution towards sustainability in the cannabis industry.”
“I’ve been very impressed with Pure Harvest as we’ve worked with them to create its solar powered dispensary in Dumont,” said Nick Brait, CEO of Solar Cultivation Technologies. “Naturally, we leapt at the opportunity to become a part of the Pure Harvest family of companies and add our abilities and technology to its expanding portfolio of assets. We believe that our two companies are well aligned and have the potential to make a dramatic impact on the cannabis industry’s energy requirements and carbon emissions.”
About Pure Harvest Corporate Group
The Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) is a publicly traded holding company operating in various segments of the cannabis and hemp-CBD industries. The PHCG team is committed to formulating, manufacturing, and distributing high-quality cannabis and hemp-CBD consumer products in markets where it is legal to do so. The Company has developed numerous retail brands and product lines that are currently available for purchase in select markets. Pure Harvest intends to grow its cannabis and hemp-CBD operations and expand globally as the laws regarding cannabis and hemp-CBD are reviewed and rewritten to repeal their prohibition.
Forward Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, are subject to Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbors created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate. Future events and results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
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