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Pure Extracts Technologies Corp
Symbol PULL
Shares Issued 79,550,537
Close 2021-02-12 C$ 0.75
Recent Sedar Documents

Pure Extracts Tech enters licensing deal with Taste-T

2021-02-15 03:03 ET - News Release

Mr. Ben Nikolaevsky reports

PURE EXTRACTS AGREES TO LICENSING DEAL WITH TASTE-T, LLC THE US MANUFACTURER OF FIREBALL CANNABIS GUMMIES

Pure Extracts Technologies Corp. has entered its licensing deal with United States-based Taste-T LLC.

Taste-T utilizes a proprietary manufacturing system to produce and package branded cannabis gummies, and sells them in multiple U.S. states, including Nevada, Massachusetts, Michigan and Oklahoma. Its famous products include Margarita Chill and Fireball Cinnamon, and come in unique blister packaging.

Pure Extracts has signed an agreement with exclusive rights for Canada and first rights to other countries around the world. Included in the agreement is the delivery to Pure Extracts' B.C. facility of one of Taste-T's custom-built gummy manufacturing machines, certified to Canadian standards. Pure Extracts will be selling these products in a Health Canada-compliant format in licensed dispensaries throughout Canada under its Pure Chews brand of edible products.

Pure Extracts' chief executive officer, Ben Nikolaevsky, remarked, "Taste-T's gummy lineup represents a great opportunity for our company to leverage one of the few U.S. cannabis products that can legitimately be called a brand, and of course, as a Canadian company, Pure Extracts is ideally suited to export this product to numerous countries around the world."

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 GMP (good manufacturing practices) 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 (CSE) on Nov. 5, 2020.

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