16:59:07 EDT Sun 11 Apr 2021
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Pure Extracts Technologies Corp
Symbol PULL
Shares Issued 79,550,537
Close 2021-02-02 C$ 0.62
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Pure Extracts Tech applies for mushroom product number

2021-02-03 00:18 ET - News Release

Mr. Ben Nikolaevsky reports


Pure Extracts Technologies Corp. has completed its new company registration with the Natural and Non-prescription Health Products Directorate (NNHPD) and received its company code. This has allowed Pure Extracts to submit a Class 1 natural product number (NPN) application for a functional mushroom product, which the company expects will be the first of several NPN applications that it submits in 2021.

Pure Extracts plans to sell functional mushroom wellness products through its newly incorporated, wholly owned subsidiary, Pure Mushrooms Corp. Sales will take place direct to consumer through an e-commerce portal that the company is establishing, and the brand will be called Pure Mushrooms.

Pure Extracts is exploring ways to optimize the use of its existing extraction equipment for functional mushroom products and, in the near term, will be utilizing a co-packer to meet the demands of its customers.

Pure Extracts chief executive officer Ben Nikolaevsky remarked: "The functional mushroom wellness sector is experiencing tremendous growth and consumer awareness. We remain very excited about our new Pure Mushrooms brand. We look forward to getting our first product in consumers' hands by the end of [first quarter] 2021."

About Pure Extracts Technologies Corp.

The company 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 good manufacturing practice 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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