Mr. Ben Nikolaevsky reports

PURE EXTRACTS SIGNS WHITE LABEL AGREEMENT WITH BRITISH COLUMBIA-BASED FLO BRANDS

Pure Extracts Technologies Corp.'s wholly owned subsidiary, Pure Extracts Manufacturing Corp., has signed a custom manufacturing/white-label agreement with Richmond, B.C.-based FLO Brands Inc. to launch a line of cannabis vape products.

Pure Extracts chief executive officer Ben Nikolaevsky remarked: "We are excited about launching a white-label product with our new partner, FLO Brands, a fellow B.C. company. They have enormous capacity to create new cannabis products as the market matures here in Canada and consumer tastes evolve. With the addition of FLO and the increased capacity and flexibility our new cosolvent injection system provides, we have begun to execute our strategy with craft producers and branding specialists to get their white-label products into the provincial dispensaries and drive up to $3-million of annual revenue from this vertical."

FLO Brands is a boutique brand house focused on creating state-of-the-art cannabis-based products utilizing British Columbia's finest genetics. The agreement calls for the initial production of three SKUs of 0.5-gram, 510 vape cartridges. These products will be created by collaboration between the two companies with a reliance on Pure Extracts' 30-plus proprietary formulations. Pure Extracts will be providing co-manufacturing services including all sales and distribution, including labelling, packaging, applying of excise stamps and shipping.

FLO Brands chief executive officer Joseph Ke added, "We are excited to be partnering with Pure Extracts, a proven leader in the cannabis space, to launch our line of premium cannabis products and are very fortunate to have Ben and his team's extensive experience on our side."

About Pure Extracts Technologies Corp.

Pure Extracts features an all-new, state-of-the-art processing facility located just 20 minutes north of world-famous Whistler, B.C. The bespoke facility has been constructed to European Union GMP standards aiming toward export sales of products and formulations, including those currently restricted in Canada, into European jurisdictions where they are legally available. On Sept. 25, 2020, Pure Extracts was granted its standard processing licence by Health Canada under the Cannabis Act, and the company's stock began trading on the Canadian Securities Exchange on Nov. 5, 2020.

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