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PURE EXTRACTS TECH CORP - PRXTF STOCK NEWS

Welcome to our dedicated page for PURE EXTRACTS TECH news (Ticker: PRXTF), a resource for investors and traders seeking the latest updates and insights on PURE EXTRACTS TECH stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PURE EXTRACTS TECH's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PURE EXTRACTS TECH's position in the market.

Rhea-AI Summary

Pure Extracts Technologies Corp. (OTC: PRXTF) announced the shipment of repeat orders of its vape cartridges and edible gummies to Alberta Gaming, Liquor & Cannabis through its subsidiary, Pure Extracts Manufacturing Corp. The shipment includes three SKUs of THC full-spectrum oil vape cartridges and two SKUs of ultra-high potency CBD gummies. CEO Ben Nikolaevsky highlighted the consistent demand for their products, emphasizing the quality and reliability of their manufacturing processes.

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Pure Extracts Technologies Corp (OTC: PRXTF) has announced reaching a total of 36 product SKUs approved for sale across Canada, comprising 17 vape and 19 edible gummy products. The company plans to launch a new high-potency THC vape cartridge aimed at recreational users, which is expected to generate significant revenue. CEO Ben Nikolaevsky expressed optimism about the growing acceptance of Pure Extracts’ brands. The company operates a state-of-the-art facility in British Columbia, adhering to strict European Union GMP standards for future export sales.

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5.36%
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Pure Extracts Technologies Corp (CSE: PULL, OTC: PRXTF) has successfully exported its first batch of cannabis oil extracts to a German pharmaceutical company under a Health Canada export permit. The extracts include 65% pure THC full spectrum oil and 85% pure THC distillate, intended for medicinal use in Germany. This milestone is expected to foster long-term supply agreements in Europe, with plans for further exports to other countries. CEO Ben Nikolaevsky expressed optimism about the European market opportunity for Pure Extracts' products.

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3.92%
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Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) has announced a significant purchase order for its cannabis vape cartridges from Cannabis NB, New Brunswick's exclusive nonmedical cannabis retailer. This initial order includes three SKUs of 1.0 gram Pure Pulls branded vape cartridges, filled with proprietary cannabis formulations. The CEO, Ben Nikolaevsky, highlighted the expansion into Eastern Canada, reflecting growing consumer demand and product quality. The company aims for export opportunities, supported by a state-of-the-art facility complying with EU GMP standards.

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-7.41%
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Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) has entered a white-label agreement with a West Coast Licensed Producer to create premium vape products. The initial order is projected to have a retail value of approximately $525,000, enhancing Pure Extracts' presence in the cannabis market. The collaboration utilizes over 30 proprietary formulations and optimized vape hardware, positioning the company to potentially achieve annual revenue of up to $3 million from this vertical. CEO Ben Nikolaevsky highlighted the strategic partnership, focusing on high-quality product development.

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4.3%
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Pure Extracts Technologies Corp. (OTC: PRXTF) and Grown Rogue International Inc. have partnered in a joint venture, Pure Grown Extracts, which has secured its medical Prequalification Status from the Michigan Marijuana Regulatory Agency. This approval allows them to apply for a facility license as they prepare to establish operations in Michigan, a key market for cannabis. With Michigan cannabis sales increasing over 50% year-over-year, the joint venture aims to scale rapidly, leveraging Pure Extracts’ expertise and product portfolio.

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-1.16%
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Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) has successfully shipped another order of vape cartridges through its subsidiary to the British Columbia Liquor Distribution Branch. The 1.0 gram vapes are consistently selling out, demonstrating the company's strong manufacturing capabilities. CEO Ben Nikolaevsky emphasized the ongoing expansion of sales and brand awareness in British Columbia, reinforcing the high-quality of their products.

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4.21%
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Pure Extracts Technologies Corp. (CSE: PULL, OTC: PRXTF) reports strong growth in its 1 gram vape carts, with increasing re-orders from licensed retailers across 4 provinces in Canada. The Pure Pulls line of full spectrum oil (FSO) THC vapes has become the best-selling SKU, selling out within 3 to 5 weeks of delivery. The company is also expanding its range with new THC and CBD edible gummies, expected to launch in the first half of 2022, pending Health Canada approvals.

CEO Ben Nikolaevsky highlights the consumer recognition of key SKUs as a sign of strong market demand.

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6.36%
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Pure Extracts Technologies Corp (CSE: PULL, OTC: PRXTF) announced a significant achievement by its subsidiary, processing over 2,200 lbs of cannabis dry flower and 3,300 lbs of hemp biomass using advanced extraction methods.

The extracted oil is primarily used in its popular 1 gram vape carts priced at $39.99. The company has 24 SKUs across 4 provinces and has produced 50,000 vape carts and 100,000 gummie packs. CEO Ben Nikolaevsky expressed pride in their extraction quality and growing market reputation.

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-9.56%
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Pure Extracts Technologies Corp (OTC: PRXTF) has reported significant business activities amidst easing Covid-19 restrictions in Canada. The company has expanded its product distribution, with 24 SKUs available in four provinces and over 100,000 gummie packs manufactured. New products, including one-gram vape carts, have seen positive reception, and sales of CBD gummies continue to grow. The company is also making strides in Michigan with facility build-out and product development for the mushroom sector, including a new Lion’s Mane formula launching in December.

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-5%
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FAQ

What is the market cap of PURE EXTRACTS TECH (PRXTF)?

The market cap of PURE EXTRACTS TECH (PRXTF) is approximately 885.4K.

PURE EXTRACTS TECH CORP

OTC:PRXTF

PRXTF Rankings

PRXTF Stock Data

885.39k
114.50M
0.97%
Drug Manufacturers - Specialty & Generic
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