- Company recently submitted NNCP application for more than 20 retail cannabis products
- Vape products will launch as part of Pure Pulls Vapes branded product line
- Demand is growing for these types of offerings, particularly in Albert, British Columbia, Ontario and Saskatchewan
With an e-cigarette market projected to reach more than $1.1 billion in 2021 with steady annual growth estimated at 4.83% through 2025 (https://ibn.fm/In9fo), the recent order of more than 30,000 high-quality vape cartridges and pens by Pure Extracts Manufacturing Corp. (“Pure Manufacturing”) seems particularly well timed. Pure Manufacturing is a wholly owned subsidiary of Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp functional mushrooms and the emerging psychedelic sector.
This strategic order from a global manufacturer comes as Pure Manufacturing prepares to expand its retail offering. Pure Manufacturing recently submitted a Notice of New Cannabis Product (“NNCP”) application to Health Canada requesting approval for more than 20 retail cannabis products, including both THC and CBD vapes (https://ibn.fm/y5eMp). Pure Manufacturing intends to launch these products as part of its Pure Pulls vapes branded product line. The vape cartridges and pens, which are slated to arrive the first week of April, will be filled with a selection of some of the company’s 30-plus proprietary, full-spectrum oil formulations. Pure Manufacturing estimates that revenue potential for the shipment could reach $650,000.
“We are looking forward to building our vape pen inventory in preparation for our retail launch through established provincial distribution channels,” said Pure Extracts’ CEO Ben Nikolaevsky. “At the same time, we plan to launch our Pure Chews brand of CBD and THC edible gummy products, and we have been steadily accumulating all the components from the oil extracts to the flavoring to our proprietary packages” (https://ibn.fm/Y44qO).
Pure Manufacturing’s substantially expanded product line is partially in response to growing demand for these types of offerings in Albert, British Columbia, Ontario and Saskatchewan: four provinces the company is targeting for its retail launch. With quality as a top priority, Pure Manufacturing was careful to order only products that met the highest North American standards. The company specifically selected these vaping cartridges and pens based on the quality of component parts, the fit and finish, and their performance characteristics when paired with Pure Manufacturing’s oil concentrates.
Pure Manufacturing is dedicated to developing its portfolio of cannabis 2.0 products. The company is particularly interested in its 30 plus proprietary formulations of Pure Pulls branded full-spectrum oil vape products and on its new line of Pure Chews edible gummies.
Pure Extracts 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 toward export sales of products and formulations—including those currently restricted in Canada—into European jurisdictions where they are legally available. In September of last year, Pure Extracts was granted its Standard Processing License by Health Canada under the Cannabis Act. The Company’s stock began trading on the Canadian Securities Exchange (“CSE”) in November 2020.
For more information, visit the company’s website at www.PureExtractsCorp.com.
NOTE TO INVESTORS: The latest news and updates relating to PULL are available in the company’s newsroom at https://ibn.fm/PULL
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