Pure extract exports the first shipment of hemp oil extract to the German pharmaceutical company Canadian Business Journal

Vancouver, British Columbia, March 16, 2022 (GLOBE NEWSWIRE) — Pure Extracts Technologies Corp.. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or “Company”) is a plant-based focus on cannabis, hemp, functional mushrooms, and the rapidly emerging psychedelic sector. Extraction company. Announced successful export of the first batch of hemp oil extract to a German pharmaceutical company under Health Canada’s license.

Pure Extracts purchased EU-GMP certified dried cannabis flowers grown in Canada and extracted them into 65% pure THC full spectrum oil (FSO) and 85% pure THC distillate. These extracts are further processed in Germany to give ultra-high purity THC for medical purposes.

This first sale paves the way for a long-term supply contract to Germany, Europe’s most important market, and we sell our products in other European countries wherever they can be legally sold. We will continue to look for export opportunities.

Ben Nikolaevsky, CEO of Pure Extracts, said: We are excited about the opportunity for the entire European market for extracts. “

On behalf of the board
“”Ben Nikolaevsky
Ben Nikolaevsky
CEO and director

About Pure extract (CSE: Pull) (OTC: PRXTF) (XFRA: A2QJAJ)

Pure Extracts Technology Corp. features a brand new, state-of-the-art processing facility located just 20 minutes north of the world-famous Whistler in British Columbia. Custom-built facilities were built under European Union GMP standards for the export and sale of products and formulations to legally available European jurisdictions, including those currently restricted in Canada. .. Pure Extracts was licensed by Health Canada on September 25, 2020 under the Cannabis Act and was revised for sale on July 19, 2021. Our shares began trading on the Canadian Stock Exchange (CSE) on November 5, 2020.

For more information, please visit https: //

Or contact:
Pure extract investor relations
Tel: +1 604 493 2052

This news release contains forward-looking statements related to the future operation of Pure Extracts, and other statements are not historical facts. Forward-looking statements are often identified by expressions such as “plan”, “potential”, “should”, “expectation”, and “expectation”. All statements other than the historical facts contained in this release include, but are not limited to, statements regarding future plans and objectives of Pure Extracts. It is a forward-looking statement and involves risks and uncertainties. Due to many factors, the actual event, performance, or outcome may differ significantly from what is expected in the forward-looking statement. We believe that the assumptions underlying these statements are reasonable, but they may turn out to be incorrect and ensure that the actual results are consistent with these forward-looking statements. I can not do it. Given these risks, uncertainties, and assumptions, investors should not place undue reliance on these forward-looking statements. Whether actual results, performance or performance meet our expectations and forecasts is a number of known and unknown risks and uncertainties, including those listed in the “Risk Factors” section of our annual information form. Affected by gender, assumptions and other factors. We do not undertake to update forward-looking information to the extent necessary, except for applicable securities laws.

This news release contains information about potential revenue from supply agreements. This may be considered a disclosure of financial outlook under applicable securities law. Such information is subject to the same assumptions, risk factors, limitations, and eligibility as those described in the paragraph above. Specifically, the estimated sales that may be obtained from the supply contract are calculated based on the current wholesale price, and in particular, we assume that we can find buyers for our products. .. The financial outlook contained in this news release was prepared by management as of the date of this news release and will help readers understand the potential returns that we may have from recently signed agreements. Provided for purpose. It is not a profitability estimate or other measure of financial performance. Readers should note that the financial outlook contained in this document may not be used for any purpose other than that disclosed in this document.

CSE has not endorsed or disapproved the content of this press release.

CBJ News Maker

Pure extract exports the first shipment of hemp oil extract to the German pharmaceutical company Canadian Business Journal

Source link Pure extract exports the first shipment of hemp oil extract to the German pharmaceutical company Canadian Business Journal

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