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Pure Extracts Begins Trading on the CSE

Ryan Allway

November 5th, 2020

App, Exclusive, News, Top Story

 

Cannabis extracts are projected to become a $28.5 billion market by 2027, according to Grand View Market Research, representing a 16.6% compound annual growth rate. As consumers transition from cannabis flower to oils, tinctures, edibles, topicals and other products, cannabis extraction companies are playing a key role in the next stage of the industry’s expansion.

There are hundreds of publicly traded cannabis companies, but few offer a pure play on extracts. On November 5, 2020, Pure Extracts Technologies Corp. (CSE: PULL) will become one of the few pure plays in the space following its listing on the Canadian Securities Exchange (CSE) under the ticker symbol “PULL”, providing easy access to the unique corner of the market.

“Our trading debut on the CSE is another vote of confidence in our ability to effectively meet the needs of consumers focused on receiving cannabis, hemp and functional mushroom products,” said CEO Ben Nikolaevsky following the public listing announcement.

Click here to receive and investor presentation and corporate updates

Investing in Extracts

Pure Extracts aims to become a leader in the extraction of cannabinoids. With a 10,000 sq. ft. EU-GMP compliant facility, the Company is uniquely positioned to process raw cannabis and hemp biomass into high-margin extracts. The Company’s white label services can also package them into vapes, edibles, soft gels, beverages and a number of different oil-based products.

“There is currently a tremendous consumer demand for natural health products with the ability to immediately enhance our quality of life,” said CEO Ben Nikolaevsky. “With Health Canada officially granting Pure Extracts a Standard Processing License under the Cannabis Act, this has put us on a path to deliver full-spectrum oil (FSO) products by the end of Q4 2020.”

In addition to tolling and white label sales the Company is developing its own line of proprietary products that it plans to sell into the Canadian marketplace—and eventually beyond. These proprietary products already include a line of premium vape products under the Pure Pulls brand, which will be available for sale in licenced Canadian dispensaries early next year.

Psychedelic Potential

Pure Extracts also plans on expanding into the emerging functional mushroom wellness space, a market that has experienced tremendous growth over the past few years. With a growing body of research supporting the use of mushroom extracts in the treatment of mental health disorders, regulators have opened the door for researchers to pursue clinical studies.

As with cannabis and cannabidiol (CBD), Pure Extracts aims to position itself as a leading extractor in the space, capable of creating a wide range of products from mushroom-based raw materials. The Company could also provide raw materials for researchers interested in the space that may not have the means to grow and extract their own product.

The move could create new opportunities to profit outside of the cannabis industry while sticking to its core competency of extracting high-value products from plant-based raw materials. For investors, it represents an attractive, high-growth horizontal market that could have even more potential than the cannabis industry.

Click here to receive and investor presentation and corporate updates

Looking Ahead

Investors interested in cannabinoid extraction may want to take a closer look at Pure Extracts Technologies Corp. (CSE: PULL) following its listing on the Canadian Securities Exchange. With its high margin recurring revenue business model, the Company is well positioned to scale up in the near-term while adding blue-sky potential in the form of proprietary branded products.

For more information, visit the company’s website or download their investor presentation.

Disclaimer

The above article is sponsored content. CannabisFN.com and CFN Media, have been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: https://cannabisfn.com/legal-disclaimer/

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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