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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. (CSE: PULL, OTC: PRXTF) announced a re-order from Abba Medix Corp., a subsidiary of Canada House Wellness Group. This includes several SKUs of their Pure Pulls branded THC vape products and high potency CBD gummies. CEO Ben Nikolaevsky highlighted the significance of this re-order for Q4 revenue growth, benefiting from Abba's established medical customer base across Canada. The company's state-of-the-art facility in British Columbia is designed to meet EU GMP standards, aiming for international sales.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.33%
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Rhea-AI Summary

Pure Extracts Technologies Corp (OTC: PRXTF) announced successful repeat orders from the British Columbia Liquor Distribution Branch. The subsidiary shipped 2 orders of vape cartridges and 1 order of edible gummies after the initial shipments sold out. The products, including Pure Pulls vape cartridges and Pure Chews gummies, showcase proprietary formulations. CEO Ben Nikolaevsky highlighted strong demand, indicating reliability and product quality. The company aims for future growth in cannabis and psychedelic sectors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.52%
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Rhea-AI Summary

Pure Extracts Technologies Corp. (OTC: PRXTF) is advancing its extraction facility in Bay City, Michigan, through its subsidiary, Pure Extracts USA Inc. This project, in collaboration with Golden Harvests, aims to capture the rapidly growing Michigan cannabis market, which saw sales rise over 50% year-on-year. The joint venture plans to launch 5,900 sq. ft. of space for producing concentrates by late 2022, targeting a $20 million annual sales run rate. The JV will enhance its product range to include live resin concentrates and capitalize on existing brand recognition.

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Rhea-AI Sentiment
End-of-Day
3.35%
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Pure Extracts Technologies Corp. (CSE: PULL, OTC: PRXTF) has announced a joint venture with Psyence Group Inc. to establish Pure Psyence Corp., focusing on developing nature-derived psilocybin extracts for treating psychological trauma. The JV combines Psyence's cultivation capabilities and Pure Extracts' extraction expertise, aiming for high-quality medicinal products. As both companies leverage their strengths, Pure Psyence plans to assist Canadian research institutions and conduct clinical trials. Pure Extracts operates a state-of-the-art facility that adheres to EU-GMP standards, showing potential in the growing psilocybin market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.88%
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Rhea-AI Summary

Pure Extracts Technologies Corp. (CSE: PULL, OTC: PRXTF) announced the shipment of its first order of edible gummies to Alberta Gaming, Liquor & Cannabis (AGLC). This order includes Pure Chews THC and ultra-high potency CBD gummies, available in various flavors. The proprietary manufacturing system licensed from Taste-T, LLC, ensures high quality and freshness. CEO Ben Nikolaevsky expressed optimism about building brand loyalty and contributing to annual revenue through this partnership.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
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Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) has announced the shipment of its initial order of Pure Pulls CBD vape cartridges to the Ontario Cannabis Store, marking a significant expansion into Eastern Canada. The shipment includes 1 gram full spectrum oil cartridges, developed from over 30 proprietary formulations. CEO Ben Nikolaevsky highlighted this as a milestone in the company’s nationwide rollout. The company’s state-of-the-art facility aims to meet EU GMP standards for export. Pure Extracts is positioned to capitalize on the growing demand within the largest provincial cannabis market in Canada.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
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Pure Extracts Technologies Corp (CSE: PULL) (OTC: PRXTF) has made significant strides in expanding its market presence. The company has successfully shipped its first order of cannabis products to a licensed distributor in Saskatchewan. This shipment includes a variety of items, such as THC and CBD vape cartridges and edibles, designed with over 30 proprietary formulations. CEO Ben Nikolaevsky highlighted this as a key milestone for the company's nationwide rollout. Pure Extracts aims to meet high processing standards while targeting export sales into European markets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.86%
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Pure Extracts Technologies Corp (OTC: PRXTF) announced a webinar on August 25, 2021, at 12:00 pm EDT to discuss its new Joint Venture in the U.S. and provide a business update. CEO Ben Nikolaevsky expressed excitement about entering the Michigan extraction market, noting their partner's current sales to over 100 dispensaries. In Canada, the company has expanded its sales to four provinces, anticipating rapid growth in 2022. The webinar will also be available for later viewing on their website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.64%
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Rhea-AI Summary

Pure Extracts Technologies Corp. has entered into a joint venture with Grown Rogue International’s Michigan subsidiary, Golden Harvests, to expand its product offerings in Michigan's cannabis market. This partnership will introduce Pure Extracts' products, including edibles and concentrates, to Grown Rogue's existing portfolio. The venture aims to enhance market presence, targeting a significant demand following a record $171 million in cannabis sales in Michigan in July 2021. Both companies will leverage their expertise to meet growing consumer demands and establish a foothold in the U.S. cannabis market.

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Grown Rogue International (CSE:GRIN) (OTC:GRUSF) announced a joint venture with Golden Harvests and Pure Extracts Technologies (CSE:PULL) (OTC:PRXTF) to expand its product offerings in Michigan. This collaboration introduces Pure Extracts’ products alongside Grown Rogue's popular flower brand. The venture aims to enhance market presence and increase product diversity, including concentrates and cartridges, in a state where cannabis sales reached $171 million in July 2023, marking a 56% increase from the previous year.

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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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