Pure Extracts Commences Production of 1 Gram…


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109 points

| Supply: Pure Extracts Applied sciences Corp.


VANCOUVER, British Columbia, June 03, 2021 (GLOBE NEWSWIRE) — Pure Extracts Applied sciences Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction firm targeted on hashish, hemp, useful mushrooms and the quickly rising psychedelic sector, is happy to announce that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has developed and is in manufacturing of modern 1 gram, full spectrum oil (FSO), vape cartridges for the Canadian retail market.

With a development in the direction of bigger cartridges as shopper preferences mature, demand for Pure Extracts’ Pure Pulls branded vape carts is robust inside the provincial markets as this product additionally gives distinctive worth to the patron whereas producing excessive margins for the Firm. The cartridges can be stuffed with a collection of a number of the Firm’s 30+ proprietary hashish FSO formulations together with Tremendous Lemon Haze, Grand Daddy Purple and GSK.

Pure Extracts CEO, Ben Nikolaevsky, remarked, “We are proud to be a leading innovator in the cannabis vape sector. The combination of a larger form factor with our exceptional cannabis extracts will definitely build on the loyal following Pure Pulls already has in-place.”

These 510 vape cartridges are produced by a worldwide producer and cling to the very best North American check requirements. They had been particularly chosen for the standard of their element components, their match and end and their efficiency traits when paired with Pure Extracts’ oil concentrates.

Moreover, the Firm has granted 2,865,000 choices beneath its current Inventory Possibility Plan to varied staff, administrators and consultants exercisable at $0.30 per share and having an train time period of three years from the grant date.

ON BEHALF OF THE BOARD

Ben Nikolaevsky

Ben Nikolaevsky

CEO and Director

About Pure Extracts (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ)

Pure Extracts Know-how Corp. options an all-new, state-of-the-art processing facility situated simply 20 minutes north of world-famous Whistler, British Columbia. The bespoke facility has been constructed to European Union GMP requirements aiming in the direction of export gross sales of merchandise and formulations, together with these presently restricted in Canada, into European jurisdictions the place they’re legally out there. Well being Canada, beneath the Hashish Act, granted Pure Extracts its Normal Processing License on September 25, 2020. The Firm’s inventory started buying and selling on the Canadian Securities Trade (CSE) on November 5, 2020.

Discover out extra at https://pureextractscorp.com/.

For extra data:

Pure Extracts Investor Relations

Tel: +1 604 493 2052

data@pureextractscorp.com

The CSE has neither authorized nor disapproved the contents of this press launch.

This information launch accommodates forward-looking statements referring to the longer term operations of Pure Extracts, and the opposite statements are usually not historic information. Ahead-looking statements are sometimes recognized by phrases comparable to “will”, “might”, “ought to”, “anticipate”, “expects” and related expressions. All statements aside from statements of historic reality, included on this launch, together with, with out limitation, statements concerning the longer term plans and targets of Pure Extracts’, are forward-looking statements and contain dangers and uncertainties. Plenty of components may trigger precise occasions, efficiency or outcomes to vary materially from what’s projected in ahead trying statements. Though we imagine that the assumptions underlying these statements are cheap, they might show to be incorrect, and we can not guarantee that precise outcomes can be in step with these forward-looking statements. Given these dangers, uncertainties and assumptions, traders mustn’t place undue reliance on these forward-looking statements. Whether or not precise outcomes, efficiency or achievements will conform to the Firm’s expectations and predictions is topic to a variety of identified and unknown dangers, uncertainties, assumptions, and different components, together with these listed beneath “Risk Factors” within the Firm’s Annual Data Kind. The Firm doesn’t undertake to replace any forward-looking data, besides as, and to the extent required by, relevant securities legal guidelines.

This information launch accommodates details about potential gross sales income from provide agreements, which can be thought-about as disclosure of economic outlook beneath relevant securities legal guidelines. Such data is topic to the identical assumptions, danger components, limitations, and {qualifications} as set forth within the above paragraph. Particularly, estimated gross sales income which can be derived from provide contracts has been calculated based mostly on present wholesale costs and assume, amongst different issues, that the Firm will be capable to discover consumers for its merchandise. Monetary outlook contained on this information launch was made by administration as of the date of this information launch and was offered for the aim of offering readers with an understanding of the potential income which can be derived from the manufacturing of 1 gram vape cartridges and isn’t an estimate of profitability or some other measure of economic efficiency. Readers are cautioned that the monetary outlook contained on this doc shouldn’t be used for functions aside from for which it’s disclosed herein.



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