PURE EXTRACTS TECH CORP - PRXTF STOCK NEWS

Pure Extracts Technologies Corp (CSE: PULL, OTC: PRXTF) has announced the launch of high potency CBD edible gummies through its subsidiary, Pure Extracts Manufacturing Corp. These gummies are aimed at the Canadian market and will be marked under the Pure Chews brand with potencies of 50 mg, 75 mg, and 100 mg. CEO Ben Nikolaevsky expressed optimism about the product's potential revenue, drawing parallels with the success of their licensing partner, Taste-T, in the US. The company’s proprietary manufacturing process ensures product stability and high demand among consumers.

Pure Extracts Technologies Corp (CSE: PULL, OTC: PRXTF) has announced the launch of 1 gram full spectrum oil vape cartridges through its subsidiary, targeting the Canadian retail market. The cartridges, branded as Pure Pulls, feature over 30 proprietary cannabis formulations such as Super Lemon Haze and Grand Daddy Purple. Demand is strong, with the product offering high value and margins. Additionally, the company granted 2,865,000 stock options to its employees at $0.30 per share, valid for three years. Pure Extracts operates a GMP-compliant facility for future export ambitions.

Pure Extracts Technologies Corp. (CSE: PULL, OTC: PRXTF) announced an initial purchase order for its THC and CBD gummies, branded as Pure Chews, from the British Columbia Liquor Distribution Branch. The strong demand for these products reflects the company’s commitment to quality, utilizing a proprietary manufacturing system from Taste-T, LLC. CEO Ben Nikolaevsky emphasized the potential for gummies to generate significant revenue. The company operates a state-of-the-art processing facility aiming for compliance with EU GMP standards to facilitate future exports and product sales.

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) announces a white label agreement with FLO Brands Inc. to launch cannabis vape products. CEO Ben Nikolaevsky anticipates up to $3 million in annual revenue from this collaboration. The partnership will produce 0.5-gram vape cartridges utilizing Pure Extracts’ proprietary formulations. With a state-of-the-art facility in British Columbia, Pure Extracts aims for exports in compliance with EU standards. The company is positioned well within the evolving cannabis market, enhancing its product offerings.

Pure Extracts Technologies Corp. (CSE: PULL, OTC: PRXTF) announced the launch of its online store on Amazon, marking its first sales in the US and Canada. The company's subsidiary, Pure Mushrooms Corp., is selling Reishi and Maitake formulations to meet growing consumer demand for functional mushroom wellness products amid the COVID-19 pandemic. Priced at $19.97 for 90 capsules, a Lion’s Mane product will be launched soon. Pure Mushrooms is expected to significantly contribute to revenue growth in 2022 as the company expands its mushroom extraction facility.

Pure Extracts Technologies Corp (CSE: PULL, OTC: PRXTF) has signed an agreement with Cannavolve Inc., a leading cannabis retail sales agency in Canada. Cannavolve will enhance the distribution of Pure Extracts' products, such as Pure Pulls Vapes and Pure Chews, by leveraging its established relationships with provincial wholesale buyers, particularly in British Columbia and Alberta. CEO Ben Nikolaevsky emphasized the importance of having a strong in-person sales presence to boost brand awareness among the 2,000 licensed cannabis retailers across Canada.

Pure Extracts Technologies Corp (CSE: PULL, OTC: PRXTF) has reported significant growth despite ongoing challenges from the Covid-19 pandemic. The company has implemented effective health protocols, leading to no Covid-19 cases at its facility, and is expanding its cannabis operations, including a joint venture in Michigan. Its product lines, including gummies and vapes, are ramping up for provincial distribution. Additionally, Pure Extracts is exploring the functional mushroom market and psilocybin research, collaborating with Psyence Group for clinical trials, ensuring a growth-oriented outlook.

Pure Extracts Technologies Corp (CSE: PULL, OTC: PRXTF) announced a tolling agreement allowing the extraction of 80-85% pure CBD distillate from 500 kgs of hemp biomass. The biomass has a CBD potency exceeding 10%, ensuring efficient extraction using the company's Vitalis R200 CO₂ system. The high purity of the distillate positions it as a prime ingredient for various consumer products. CEO Ben Nikolaevsky expressed satisfaction with the agreement and familiarity with the biomass, reinforcing confidence in the extraction process.

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) has commenced production of 25,000 vape cartridges targeting the Canadian retail market. The company anticipates retail sales revenue of approximately $750,000 from this production run. The vape cartridges will feature popular proprietary formulations, including Super Lemon Haze and Grand Daddy Purple. Manufactured to high North American standards, the cartridges aim to satisfy strong market demand. CEO Ben Nikolaevsky expressed optimism about gaining brand loyalty as shipments begin to provincial distribution channels.