VANCOUVER, British Columbia, Canada March 03, 2021 (GLOBE NEWSWIRE) — Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has ordered in excess of 30,000 vape cartridges and vape pens for the Canadian market.
These vape products are produced by a global manufacturer and adhere to the highest North American standards and are expected to arrive at the Company’s British Columbia facility in the first week of April. These products were specifically chosen for the quality of their component parts, their fit and finish and their performance characteristics when paired with Pure Extracts’ oil concentrates. This timing coincides with Pure Extracts’ ramp-up for its recently announced retail distribution agreement and its submission of over 20 product SKUs to Health Canada for approval. The cartridges will be filled with a selection of some of the Company’s 30+ proprietary, full spectrum oil (FSO), formulations.
Demand for these types of concentrates is strong in the 4 provinces (British Columbia, Alberta, Saskatchewan and Ontario) that the Company is targeting for its retail launch and revenue estimates for this shipment are approximately $650,000.
Pure Extracts CEO, Ben Nikolaevsky, remarked, “We are looking forward to building our vape pen inventory in preparation for our retail launch through established provincial distribution channels. At the same time, we plan to launch our Pure Chews brand of CBD and THC edible gummie products and we have been steadily accumulating all the components from the oil extracts to the flavouring to our proprietary packages.”