Pure Extracts Orders Cutting Edge Vitalis Cosolvent Injection System

Rhea-AI Summary

Pure Extracts Technologies Corp (CSE: PULL) (OTC: PRXTF) has announced the acquisition of a revolutionary Cosolvent Injection System from Vitalis Extraction Technology Inc. This system aims to enhance throughput capacities and improve the quality of cannabis extracts, leveraging optimal ethanol co-solvent flow rates. CEO Ben Nikolaevsky highlighted that this advancement will enable faster production and exceptional value for customers. The company's facility operates under E.U. GMP standards, and it holds a processing license from Health Canada.

Positive

• Ordered a cutting-edge Cosolvent Injection System to enhance extraction efficiency.
• Expected to significantly increase production capacity and expedite processes.
• Maintains high-quality standards while reducing ethanol usage.

Negative

• None.

VANCOUVER, British Columbia, March 18, 2021 (GLOBE NEWSWIRE) -- Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that it has ordered a new, state-of-the-art, Cosolvent Injection System (CIS) from Vitalis Extraction Technology Inc. (“Vitalis”) and will be one of the first few companies in the world to receive this innovative system.

Pure Extracts and Vitalis have a long history of collaboration and the Cosolvent Injection System has been developed to enhance the Vitalis carbon dioxide (CO₂) extraction systems, like the Q90 and R200 models owned by Pure Extracts, to achieve dramatically faster throughput capacities while producing higher-quality cannabis extracts. The Vitalis CIS has been designed to achieve the optimal ethanol cosolvent flow rate ranges for both cannabis and hemp extracts (i.e., THC and CBD), balancing extract quality with efficiency while keeping ethanol usage exceptionally low.

Pure Extracts CEO, Ben Nikolaevsky, remarked, “We are very excited to be one of the first recipients of the Vitalis Cosolvent Injection System. It will allow us to ramp-up our production much faster than we had anticipated allowing us to offer our customers exceptional value while still producing the same high-quality oil extracts we are known for.”

About Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ)
Pure Extracts features an all-new, state-of-the-art processing facility located just 20 minutes north of world-famous Whistler, British Columbia. The bespoke facility has been constructed to European Union GMP standards aiming towards export sales of products and formulations, including those currently restricted in Canada, into European jurisdictions where they are legally available. On September 25, 2020, Pure Extracts was granted its Standard Processing License by Health Canada under the Cannabis Act and the Company’s stock began trading on the Canadian Securities Exchange (CSE) on November 5, 2020. Find out more at https://pureextractscorp.com/.

About Vitalis
Vitalis Extraction Technology Inc. (Vitalis) is a privately-owned, Kelowna BC -based engineering and manufacturing company, producing industrial supercritical CO₂ extraction systems for the cannabis, hemp, pharmaceuticals, F&B and essential oil industries. The company’s core focus on innovation and design has vaulted it to the forefront of the market. Renowned for their reliability, scalability, and continuous operation, Vitalis systems are euGMP-compliant and carry the latest certifications, including the American Society of Mechanical Engineers (ASME), National Board (NB), Canadian Standard Association (CSA/CRN), and European Conformity (CE/PED). Vitalis is one of only a few Original Equipment Manufacturers in the space, with operations in Canada, Australia, USA, Colombia, Denmark, United Kingdom, Israel, and Serbia as well as in-country support centers spread across the globe. Visit https://vitaliset.com for more information.

For further information please contact Empire Communications Group at (604) 343-2724.

ON BEHALF OF THE BOARD
“Ben Nikolaevsky”
Ben Nikolaevsky
CEO and Director

The CSE has neither approved nor disapproved the contents of this press release.

This news release contains forward-looking statements relating to the future operations of Pure Extracts, and the other statements are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of Pure Extracts’, are forward-looking statements and involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of Pure Extracts include risks detailed from time to time in the filings made by Pure Extracts under securities regulations.

FAQ

What is the significance of the Cosolvent Injection System for Pure Extracts (PRXTF)?

The Cosolvent Injection System is expected to enhance extraction efficiency and increase production capacity for Pure Extracts, allowing for higher-quality cannabis extracts.

When was the announcement made regarding the new technology acquisition by Pure Extracts (PRXTF)?

The announcement was made on March 18, 2021.

How does the Cosolvent Injection System impact Pure Extracts' operations?

The system improves throughput and quality of cannabis extracts, thereby enabling Pure Extracts to ramp up production significantly.

What are the potential benefits for customers using Pure Extracts products after the new system installation?

Customers can expect enhanced value and higher-quality oil extracts due to improved production efficiency.