Become A Featured Company

Pure Global Signs Transformational Agreement with KMT-Hansa Corp. for Large Scale Hemp Manufacturing in China

Ryan Allway

September 24th, 2019

News

TORONTO, Sept. 24, 2019 /CNW/ – Pure Global Cannabis Inc. (TSX.V: PURE; OTC: PRCNF; FRA: 1QS) (“Pure Global”), an integrated growth-oriented sciences and consumer products cannabis company, operating through its wholly-owned subsidiary PureSinse Inc. (“PureSinse” or “Company” or “Pure“), is pleased to announce the signing of a Joint Development Agreement (the “Agreement“) with KMT-Hansa Corp. (NEX: KMC-H) (“KMT“) in respect of the processing, extraction, cultivation and manufacturing of hemp and related products across approximately 17,000 acres of land in the province of Yunnan (the “Project“). The Agreement will take advantage of the Hemp International Industry Park Special Economic Zone License granted to KMT by Yuanjiang County, Yuxi City, Yunnan Province, permitting the growth, cultivation, extraction and production of industrial hemp products for export. The license registration process is expected to complete within the next 60 days while operations are setup.

Pure Global will be the management and development partner in connection with the Project, with KMT providing the necessary resources and personnel. Pure Global will be responsible for the technology, know how, genetics and sales and distribution of hemp products produced in connection with the Project. The Company will design Good Manufacturing Practices (“GMP“) compliant facilities and manage the development and deployment of the Project while overseeing the ongoing operations for the manufacturing and cultivation of high-quality hemp products and by-products, including cannabidiol (“CBD“). Pure will have the right of first refusal to sell and distribute all manufactured products and by-products in all international jurisdictions.

KMT will be responsible for securing and maintaining all necessary permits and licenses with the Chinese Government and Authorities to grow, extract, process and export CBD and hemp by-products grown on the lands that have been government sanctioned for the region’s economic development.

Pure Global’s CEO & President Malay Panchal commented, “We are extremely excited to be the first Canadian LP to partner with a Chinese group seeking to develop a project of this scale in China. This strategic relationship gives us access to KMT’s resources and connections in China. They truly share our goal of providing high-quality products that are sustainable to the environment and developed using cutting-edge agricultural methods. We are extremely happy to enter into this Agreement with a trusted partner who shares our values, visions, and long-term goals. I was especially thrilled by the warm welcome we received from the Chinese local, state, and federal authorities on our recent visit and the tremendous support they are willing to offer to make this project a success for all stakeholders.”

Both KMT and Pure Global value scaled production and manufacturing methods that are eco-friendly, produce the highest quality bulk CBD, and finished health and wellness products. The Agreement will be the first step towards the two like-minded organizations entering into a larger scale international production agreement. The companies intend to move quickly to commence operations and service the fast-growing consumer demand for CBD isolate and finished products throughout Asia and over 50 international markets that have legalized CBD.

Mr. Panchal further commented, “We are entering a very exciting chapter in Pure Global’s journey. In addition to this joint venture with KMT, we have recently been granted our Health Canada oils sales license, are close to approvals to commence scaled cultivation and extraction at our Brampton facility, will soon be launching several new premium consumer brands, and have other formative developments to be announced in the near future. Together these will accelerate Pure to becoming a global leader in the cannabis sector.”

About Pure Global Cannabis

Pure Global Cannabis Inc. is an innovation-based cannabis company led by experienced pharma, biotechnology, horticultural, and consumer packaged goods (CPG) experts. The Company’s wholly owned subsidiary, PureSinse Inc., is a licensed producer under the Cannabis Act. The Company’s Brampton campus houses facilities for vertically farmed cultivation, R&D, extraction, manufacturing, and distribution. Pure Global will produce branded and white-labeled cannabis products for the medical, pharmaceutical, wellness, health & beauty, natural health, food & beverage, craft, and recreational legal markets with uniquely formulated and purified concentrates and dried flower. The Company is using the Canadian market as a springboard to develop and manufacture GMP-compliant premium quality cannabis products for international sale and distribution with a goal to become one of the most trusted premium international cannabis brands.

About KMT-Hansa Corp

KMT-Hansa Corp. is registered in Anguilla and is currently listed on TSXV NEX. HDD Investment Holdings Corp. acquired 51% of KMT-Hansa Corp. in March of 2019. Under new management, KMT will move forward adopting a business model focused on growth and building shareholders value by way of directing our resources into viable development opportunities. KMT is determined and driven to achieve a diversified investment portfolio of high-growth opportunities.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about Pure Global’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Pure Global cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Pure Global assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To register to Pure Global’s mailing list, please visit www.pureglobal.com. Follow @pureglobalcanna on Twitter and Facebook and @pureglobalcannabis on Instagram.

SOURCE Pure Global Cannabis Inc.

For further information: Stephen Pynn, VP Corporate Development, Telephone: 1-866-840-PURE (7873), E-mail: stephen@pureglobal.com; Malay Panchal, President & CEO, Telephone: 1-866-840-PURE (7873), E-mail: info@pureglobal.com

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.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

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.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading