Pure Extracts Technologies Corp (OTCMKTS:PRXTF) Stocks Soars 69% in a Month: More To Come?
Plant-based extraction company focusing on hemp, cannabis and quickly emerging psychedelic sector, Pure Extracts Technologies Corp (OTCMKTS:PRXTF) on August 6, 2021 announced its subsidiary signed custom manufacturing with Nelson, BC-based Green Light Solutions Corp.’s Joe’s Hemp Shack for launching a line of vape products.
The agreement will result in the extraction & formulation of premium hemp to high-quality CBD vape cartridges, which will be done through collaboration between the two firms. Pure Extracts will give co-manufacturing extraction services including labeling, sales, packaging amongst others.
Pure Extracts CEO, Ben Nikolaevsky said that the firm is excited about launching the white label product with its new partner, GLS, focusing on state-of-the-art cannabis-based products. Ben said that the company has commenced executing a strategy for getting their products into provincial dispensaries and driving annual revenues of $3 million of annual revenues.
Joe Corea, VP of Business Development at GLS said that the emerging CBD market is dynamic, and the collaboration with adaptive partners can rapidly meet consumers’ evolving demands.
Pure Extracts Technologies Corp also announced shipping its starting order of edible cannabis gummies through distribution partner to the British Columbia Liquor Distribution Branch.
The company has seen strong demand for CBD gummies within provincial markets. The firm’s SKUs include 10 mg THC packs of Fire Burst, Strawberry and Mango use US-based Taste-T.
