13:26:16 EDT Wed 14 Apr 2021
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Pure Extracts Technologies Corp
Symbol PULL
Shares Issued 79,550,537
Close 2021-02-22 C$ 0.64
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Pure Extracts Tech applies for sales licence amendment

2021-02-23 02:36 ET - News Release

Mr. Ben Nikolaevsky reports


Pure Extracts Technologies Corp.'s wholly owned subsidiary, Pure Extracts Manufacturing Corp., has submitted an application to Health Canada to amend its licence to permit the sale of cannabis extract products to provincially authorized distributors and retailers nationwide.

The company recently announced a distribution agreement with a large Canadian licensed producer to distribute Pure Extracts' vape and edible products through its established provincial distribution channels, and thus, Pure Extracts expects to have significant sales momentum for its Pure Pulls and Pure Chews branded products by the time the company receives its sales licence amendment from Health Canada.

Pure Extracts is continuing to develop its portfolio of cannabis 2.0 products with emphasis on its 34 proprietary formulations of Pure Pulls branded full-spectrum oil (FSO) vape products and on its new line of Pure Chews edible gummies being produced under licence from Taste-T LLC, the manufacturer of Fireball cannabis gummies.

Pure Extracts chief executive officer Ben Nikolaevsky remarked: "This milestone dovetails perfectly with our recently signed distribution agreement. We have all our bases covered now, and we will quickly and efficiently get our vape and edible products to retail buyers across Canada."

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 (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 (CSE) on Nov. 5, 2020.

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