cannabis extracts – MJ Shareholders https://mjshareholders.com The Ultimate Marijuana Business Directory Tue, 26 Apr 2022 15:06:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.4 Molecule Holdings Inc. Announces Sales Amendment to Health Canada Licence https://mjshareholders.com/molecule-holdings-inc-announces-sales-amendment-to-health-canada-licence/ Tue, 26 Apr 2022 15:06:22 +0000 https://www.cannabisfn.com/?p=2945733

Ryan Allway

April 26th, 2022

News, Top News


Ottawa, ON – TheNewswire – April 26, 2022 – Molecule Holdings Inc. (CSE:MLCL) (OTC:EVRRF) (“Molecule” or the “Company”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that they have received the amendment to their Health Canada processing license, authorizing the activity of sale of cannabis extracts, beverages, edibles, and topical products.  Commonly referred to as “a sales amendment”, this application was submitted on August 29, 2021.  After rigorous review with Health Canada, we are thrilled to have successfully completed this process.


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The addition of this sales amendment now allows for the Company to sell directly to the provinces, thereby opening the door to a number of potentially significant advantages and opportunities for the business including:

  • A direct savings on commissions currently being paid for by the use of an outside sales amendment arrangement.
  • The ability to deal directly and build relationships with provinces and territories.
  • The ability to develop a new and lucrative revenue stream by representing other LP’s or brands looking for representation from a licensed entity.

Commented David Reingold, CEO of Molecule, “Obtaining our sales amendment license was a major regulatory hurdle. We are excited to now have this behind us. The commission savings and opportunity this new  license amendment provides is substantial to the business. I am very thankful to the Molecule team for all of their hard work on getting this through to completion.”

For further information, please contact:

André Audet, Chairman and Co-Founder Phone: 1 (888) 665-2853 x101

Email: [email protected] www.molecule.ca

About Molecule Holdings Inc.

Molecule is a licensed producer dedicated to creating cannabis-infused beverages for the Canadian market. We produce leading, top-quality drinks to provide opportunity and choice to people seeking a convenient and social way to consume cannabis. Molecule is focused on growing both our portfolio, and the overall cannabis beverage market. We want to ensure people have the best opportunity to find exactly the product and experience they thirst for.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.  Forward-looking statements in this news release include statements regarding activities following Health Canada’s approval of the application for the sales amendment and the Company’s expectations regarding the addition of the sales amendment; the expected benefits and opportunities for the Company’s business upon receipt of the sales amendment; the Company’s strategic plans regarding national expansion and in store placement; and the Company’s ability to produce cannabis-infused beverages for the Canadian beverage market to provide opportunities for people to consume cannabis. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions.

The Company’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

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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OMID Holdings Posts 2021 Annual Financial Report https://mjshareholders.com/omid-holdings-posts-2021-annual-financial-report/ Thu, 10 Mar 2022 21:37:03 +0000 https://www.cannabisfn.com/?p=2940236

Ryan Allway

March 10th, 2022

News, Top News


Phillipsburg, NJ, March 10, 2022 (GLOBE NEWSWIRE) — Today, OMID Holdings, Inc. (OTC Pink: OMID) posted its Unaudited Financial & Disclosure Statements for the Year Ended December 31, 2021.

“As detailed in financial reports, our success has become routine despite the many challenges that have widely impacted commerce since early-2020, when our reverse merger took place. OMID has continued to grow as a company in many aspects, which cannot be appreciated in the reports alone. As we wrap up our financial auditing for the prior several years in preparation for an uplist, I remain ambitious about our activities in 2022.” stated Adam Frank, the Chairman & CEO of OMID Holdings, Inc.

For regular updates and additional information about OMID Holdings, consider subscribing to the OMID Manufacturing YouTube channel via the link below.

https://youtube.com/channel/UCDPWlYiRWUVDGssFtW_3eHw

About OMID Holdings, Inc.

OMID Holdings, Inc. is a publicly-traded (OTC Pink: OMID) Florida corporation which focuses on developing and manufacturing various health and wellness products at its FDA-registered manufacturing facility in Phillipsburg, NJ. With a diverse portfolio of product types, OMID specializes in formulations which contain cannabis extracts, primarily CBD, as well as other herbal ingredients. The company’s objective is to provide quality, integrity, and value with notable consumer benefits derived from all of its finished goods. Acts 2:12.

For more information about the company, please visit https://omidholdingsinc.com/.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Adam Frank
Phone: +1 908-386-2880
Email: [email protected]

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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PharmaCielo Completes Initial Tranche of Non-Brokered Private Placement of Debenture Units https://mjshareholders.com/pharmacielo-completes-initial-tranche-of-non-brokered-private-placement-of-debenture-units/ Fri, 31 Dec 2021 17:04:08 +0000 https://www.cannabisfn.com/?p=2936435

Ryan Allway

December 31st, 2021


TORONTO and RIONEGRO, Colombia, Dec. 31, 2021 /CNW/ – PharmaCielo Ltd. (“PharmaCielo” or the “Company”) (TSXV: PCLO) (OTCQX: PCLOF), the Canadian parent of Colombia’s premier cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S. (“Holdings”), is pleased to announce that it has closed the first tranches of its previously announced non-brokered private placement (the “Offering”), consisting of an aggregate of 5,000 debenture units (each a “Unit”). The Units were issued at a price of $1,000 per Unit for aggregate proceeds of $5,000,000.

The Company closed an initial tranche of the Offering consisting of $4,000,000 principal amount of Units on December 24, 2021 and a further tranche consisting of $1,000,000 principal amount of Units on December 31, 2021. Insiders participated in this initial tranche of financing. The Company expects to close the issuance of up to an additional $10,000,000 principal amount of Units in one or more tranches on or about January 14, 2022.

The Company intends to use the proceeds from the Offering for operations, working capital and the build-out of its international psychoactive dry flower sales program.

Debenture Units

Each Unit consists of $1,000 principal amount of 11% secured debentures (“Debentures”) and 250 non-transferable common share purchase warrants (“Debenture Warrants”). Each Debenture Warrant entitles the holder to acquire one common share of the Company (each a “Common Share”) at an exercise price of $1.44 per Common Share until December 24, 2024 (subject to customary anti-dilution adjustments). The Debentures bear interest at a rate of 11% per annum, mature on December 24, 2024, and are guaranteed by Holdings. Holdings’ guarantee of the Debentures will be secured by mortgages on the real property of the Company and its subsidiaries. Interest payable on the Debentures may be paid by the Company in Common Shares at the Company’s option, subject to approval of the TSX Venture Exchange.

The Company has the right to redeem any or all of the Debentures from time to time at the following percentages of face value: (i) 105% at any time prior to December 24, 2022; (ii) 103% at any time on or after December 24, 2022 and prior to December 24, 2023; and (iii) 101% on or after December 24, 2023, in each case together with accrued and unpaid interest to, but not including, the date of redemption.

Upon a change of control of the Company, holders have the right to have their Debentures repurchased at 105% of face value plus accrued and unpaid interest to, but not including, the date of repurchase.

The Debentures, Debenture Warrants and any Common Shares issuable upon exercise of the Debenture Warrants are subject to a statutory hold period under applicable Canadian securities laws, expiring on April 25, 2022 with respect to Units issued on December 24, 2021 and May 1, 2022 with respect to Units issued on December 31, 2021. Debentures, Debenture Warrants and Common Shares corresponding to subsequent tranches of Units will be subject to a four-month hold period starting from the date of issuance of the applicable Units.

Certain directors and senior officers of the Company have subscribed for Units in the Offering, in an aggregate principal amount totaling $490,000. Each subscription by a director or senior officer of the Company is considered to be a “related party transaction” for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company did not file a material change report more than 21 days before the expected closing date of the Offering as the details of the Offering and the participation therein by each “related party” of the Company were not settled until shortly prior to the closing of the Offering, and the Company wished to close the Offering on an expedited basis for sound business reasons. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Company is exempt from the formal valuation requirement in section 5.4 of MI 61-101 and the minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.5(a) and section 5.7(1)(a), respectively, of MI 61-101, as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Company’s market capitalization.

About PharmaCielo

PharmaCielo Ltd. (TSXV: PCLO, OTCQX: PCLOF) is a global company, headquartered in Canada, with a focus on ethical and sustainable processing and supplying of all natural, medicinal-grade cannabis oil extracts and related products to large channel distributors. PharmaCielo’s principal (and wholly owned) subsidiary is PharmaCielo Colombia Holdings S.A.S., headquartered at its cultivation and processing center located in Rionegro, Colombia.

The board of directors and executive team of PharmaCielo are comprised of a diversely talented group of international business executives and specialists with relevant and varied expertise. PharmaCielo recognized the significant role that Colombia’s ideal location plays in building a sustainable business in the medical cannabis industry, and the Company, together with its directors and executives, is executing on a business plan focused on supplying the international marketplace.

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as “expects”, “is expected”, “intends”, “anticipates”, “believes”, or variations of such words and phrases or state that certain actions, events or results “may” or “will” be taken, occur or be completed or achieved. Forward-looking statements in this news release include, without limitation, statements regarding the proposed use of proceeds of the Offering and the closing of any future tranches of the Offering.

The forward-looking statements in this news release are necessarily based on assumptions, including assumptions with respect to PharmaCielo’s ability to obtain necessary approvals for the issuance of the Units.

Forward-looking statements can be affected by known and unknown risks, uncertainties and other factors, including changes to PharmaCielo’s development plans, the failure to obtain and maintain all necessary regulatory approvals relating to the export of cannabinoid products and the import of these products into other countries, TSX Venture Exchange approval, the inability to export or distribute commercial products through sales channels as anticipated due to economic or operational circumstances, risks associated with operating in Colombia, fluctuation of the market price for the Company’s products, risks associated with global economic instability relating to COVID-19 or other developments, risks related to retention of key Company personnel, currency exchange risk, competition in PharmaCielo’s market and other risks discussed or referred to under the heading “Risk Factors” in PharmaCielo’s Annual Information Form for the financial year ended December 31, 2019, which is available at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking statements. Except as required by law, PharmaCielo undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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

SOURCE PharmaCielo Ltd.

For further information: Ian Atacan, Chief Financial Officer, +1 416-562-3220, [email protected]; Media and Investor Inquires: [email protected]

Related Links

http://www.pharmacielo.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.


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gra Ventures Subsidiary Farmako Introduces First Medical Cannabis Extracts from Poland to Germany https://mjshareholders.com/gra-ventures-subsidiary-farmako-introduces-first-medical-cannabis-extracts-from-poland-to-germany/ Thu, 18 Nov 2021 15:56:25 +0000 https://www.cannabisfn.com/?p=2935992

VANCOUVER, British Columbia, Nov. 18, 2021 (GLOBE NEWSWIRE) — Agra Ventures Ltd. (“AGRA” or the “Company”) (CSE: AGRA) (Frankfurt: PU30) (OTCPK: AGFAF), a growth-oriented and diversified company focused on the international cannabis industry, is pleased to announce that its wholly owned subsidiary, Farmako GmbH (“Farmako”), has conducted the first commercial import of cannabis extracts from Poland to Germany, which is the largest medical cannabis market in Europe. The extracts have been produced according to the highest standards by Pharmacann Polska Sp. z o.o., an EU GMP-certified cannabis company and part of PHCANN International (“PHCANN International” or the “Collaborator”).

Launched under Farmako’s brand, the extracts are produced by PHCANN International’s subsidiaries from selected hybrid cannabis flowers grown under GACP – EU GMP indoor conditions. The cannabis is grown completely without the use of pesticides and is extracted according to highest industry standards under strict quality control at the EU GMP facility. With the launch of the extracts, Farmako strengthens its position as supplier with a comprehensive portfolio in the medical cannabis market – from flowers, extracts and isolate to testkits for pharmacies.

The overall German medical cannabis market is currently characterized by a considerable number of wholesalers and manufacturers that offer all kinds of flower products – often the same products under different names – which can be confusing for doctors and patients. Extracts offer a solution with their standardized cannabinoid concentrations and enable a controlled and constant medication for patients. Still, the medical cannabis extracts market is small and its growth has been impeded by high prices, which historically has discouraged patients, doctors and insurance companies from using them. Farmako wants to change this by providing its products at affordable prices to further establish extracts as acknowledged cannabis medication.

Separately, Farmako has recently signed a large wholesale contract for its THC testkits with a cannabis producer that will offer the testkits together with their own cannabis products. This arrangement further emphasizes Farmako’s position as reliable industry partner.

More details on Farmako’s products can be found in the section for medical staff on Farmako’s website at www.farmako.de/en/.

Management Commentary

“Against all odds – that’s what we probably have to say with some self-irony. It took us much longer than expected to launch these products, and it was not a straight-forward road at all, but we have all worked hard to clear the way, and our partner PHCANN International has shown impressive persistence and above all a very high level of professionalism. The medical cannabis market in Germany has changed, and it’s not only about providing products, especially when it comes to flowers, where the market even shows some tendency of oversupply. With PHCANN International we want to work on products at highly competitive prices that are patient-focused and help make extracts an essential part of an affordable medical cannabis therapy – not only for self-payers or private patients, but for all patients,” said Katrin Eckmans, Managing Director of Farmako GmbH.

“The team at Farmako continues to deliver. This arrangement with PHCANN International to create Farmako-branded extracts and establish a new supply channel from Poland to Germany is a great achievement. I am very proud of Katrin and her staff,” said Elise Coppens, Chief Executive Officer and Director of Agra Ventures. “In addition to the deal with PHCANN International, the Farmako team has landed yet another contract to expand the distribution of its proprietary THC testkits. On behalf of AGRA’s management team, I’m happy with these developments and look forward to the continuation of Farmako’s evolution,” added Ms. Coppens.

About PHCANN International

PHCANN International is a pharmaceutical company that applies global standards in the production of cannabis-based pharmaceutical extracts and final pharmaceutical forms. Using the Israeli, Canadian and US market experience, their mission is to ensure the availability of products containing cannabinoids of natural origin while maintaining strictly controlled pharmaceutical quality and to disseminate knowledge about its medicinal use. For more information please visit: www.phcann.pl.

About Farmako

Farmako GmbH is a GDP certified pharmaceutical wholesaler, focusing on medical cannabis and aiming at facilitating access to reliable cannabinoid therapy to patients with a high burden of suffering as well as providing efficient support to healthcare professionals: via fair prices, reliable product quality and ability to supply as well as efficient service. It already distributes medical cannabis to pharmacies in Germany since March 2019 and is fully licensed in the United Kingdom. Farmako is a wholly owned subsidiary of Agra Ventures Ltd. For more information please visit: www.farmako.de/en/.

About Agra Ventures Ltd.

Agra Ventures is a growth-oriented and diversified company focused on the international cannabis industry. The company is dedicated to the cultivation, distribution and marketing of high-quality cannabis and cannabis-infused products worldwide. Agra Ventures’ primary asset in Canada is Boundary Bay Cannabis located in Delta, BC, which is one of the largest cannabis greenhouse facilities focused on the cost-optimized cultivation of high-potency cannabis. Abroad, the company’s wholly owned subsidiary, Farmako GmbH, is focused on becoming Europe’s leading distributor of medical cannabis. Farmako currently has active product distribution operations in Germany and is fully licensed in the United Kingdom.

For more information about Agra Ventures, please visit www.agraventures.com and its profile page on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Nick Kuzyk, Investor Relations
E: [email protected]
T: (800) 783-6056

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-looking Information Cautionary Statement

Except for statements of historic fact this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan” “expect” “project” “intend” “believe” “anticipate” “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including but not limited to delays or uncertainties with regulatory approvals including that of the CSE. There are uncertainties inherent in forward-looking information including factors beyond the Company’s control. There are no assurances that the business plans for Agra Ventures described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators which are available at www.sedar.com.

SOURCE: Agra Ventures Ltd.

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Pure Extracts to Enter US Market through JV in Michigan https://mjshareholders.com/pure-extracts-to-enter-us-market-through-jv-in-michigan/ Thu, 08 Apr 2021 14:32:13 +0000 https://www.cannabisfn.com/?p=2917479

Ryan Allway

April 8th, 2021


VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) — Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”) is pleased to announce the signing of a Letter of Intent (“LOI”) with the affiliate of a publicly traded multi-state operator (MSO) to form a Joint Venture (the “JV”) to install a cannabis and hemp extraction system in an existing Michigan facility.

This MSO has a long history of success in Oregon offering a family of products including sun-grown and indoor premium flower, along with patented nitro sealed indoor and sun-grown pre-rolls and jars. These products are also grown and packaged in Michigan for retail sale in over 100+ dispensaries throughout the state.

Pure Extracts is a plant-based extraction company focused on cannabis, hemp, functional mushrooms, and the rapidly emerging psychedelic sector from a state-of-the-art processing facility located just north of Whistler, British Columbia.

In Michigan, the companies plan to join forces by combining the MSO affiliate’s local permitting, licensing, and marketing expertise with Pure Extracts’ extraction, vape, live resin and edibles manufacturing skills. The venture partners plan to build-out 2,600 sq. ft. of existing, under utilized, space in the MSO’s current facility, which is strategically located in central Michigan within a 2-hour drive of several major markets.

Pure Extracts expects to contribute a mix of equipment and cash to the venture, which will allow the partners to rapidly scale-up to meet the rising demand for recreational cannabis concentrates and edibles throughout the state.

Michigan is anticipated to follow similar consumer trend patterns experienced in other states such as California and Colorado where sales of extracts and concentrates eventually overtake sales of dry-flower. Bruce Linton, co-founder and former CEO of cannabis giant Canopy Growth and executive chairman of Michigan-based and newly public Gage Growth Corp., recently commented in Forbes that, “Michigan is one of the fastest growing cannabis markets in the U.S.” According to the Michigan Marijuana Regulatory Agency (MRA), during February 2021, Michigan cannabis sales increased 160% from a year ago to US $106.2 million, with medical sales improving 48% to US $38.1 million and adult use sales soaring 353% to US $68.1 million.

In addition to manufacturing Pure Extracts’ proprietary brands of vapes and edibles, the JV partners anticipate an initial white-label order for live-resin concentrates from the MSO affiliate as that company continues to build on the outstanding reputation its dry-flower products have already garnered within the Michigan marketplace.

Pure Extracts CEO, Ben Nikolaevsky, remarked, “We are really excited about launching our first US initiative into the dynamic Michigan market, especially with experienced and entrenched partners. There is strong demand throughout the state for the products we know best: full spectrum oil (FSO) vapes, live resin concentrates, and edibles. With immediate access to the MSO affiliate’s 100+ dispensary customers out of Michigan’s nearly 400 licensed dispensaries, we expect our products to be distributed and on-shelves in Q4 of this year.”

Expansion of the Company’s operations in Michigan are subject to compliance with applicable state laws concerning cannabis as well as general compliance with CSE policies and Canadian securities laws.

About Pure Extracts (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ)

Pure Extracts Technology Corp. features an all-new, state-of-the-art processing facility located just 20 minutes north of world-famous Whistler, British Columbia. The bespoke facility has been constructed to European Union GMP standards aiming towards export sales of products and formulations, including those currently restricted in Canada, into European jurisdictions where they are legally available. On September 25, 2020, Pure Extracts was granted its Standard Processing License by Health Canada under the Cannabis Act and the company’s stock began trading on the Canadian Securities Exchange (CSE) on November 5, 2020. Find out more at https://pureextractscorp.com/.

For further information please contact Empire Communications Group at (604) 343-2724 and [email protected].

ON BEHALF OF THE BOARD
Ben Nikolaevsky
Ben Nikolaevsky
CEO and Director

The CSE has neither approved nor disapproved the contents of this press release.

This news release contains forward-looking statements relating to the future operations of Pure Extracts,
and the other statements are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding US expansion and the future plans and objectives of Pure Extracts’, are forward-looking statements and involve risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from what is projected in forward looking statements. Although we believe that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and we cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements. Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under “Risk Factors” in the Company’s Annual Information Form. The Company does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws.

This news release contains information about potential sales revenue from supply agreements, which may be considered as disclosure of financial outlook under applicable securities laws. Such information is subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraph. Specifically, estimated sales revenue which may be derived from supply contracts has been calculated based on current wholesale prices and assume, among other things, that the Company will be able to find buyers for its products. Financial outlook contained in this news release was made by management as of the date of this news release and was provided for the purpose of providing readers with an understanding of the potential revenue which may be derived from supply agreement recently entered into by the Company and are not an estimate of profitability or any other measure of financial performance. Readers are cautioned that the financial outlook contained in this document should not be used for purposes other than for which it is disclosed herein.

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.

Ryan Allway

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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