Pure Extracts Technologies Corp. (CSE: PULL) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp and the rapidly emerging functional mushroom sectors, is pleased to provide an update and overview regarding its expansion into the functional mushroom wellness sector. #pureextracts #news #richtvlive – November 26, 2020 – RICH TV LIVE
Hi guys how you doing this is rich from rich tv live and there’s some breaking news from pure extracts we brought you this pic when it did its brand new ipo we interviewed the ceo and they’ve been a huge success already up since its ipo day when it opened up around 45 cents it’s been as high as 64 cents and currently trading at 60 cents well they had some news
Today and this is right off their website pure extracts website looks like this go to pure extracts corp dot com and then just simply go to news and there’s the news that just broke today happy thanksgiving to everybody in america today i hope you’re all having a fantastic day here’s the news from pure extracts pure extracts advances plans for the processing of
Functional mushroom formulations been a big fan of psychedelics and pure extracts is in the psychedelic space some other psychedelic stocks that have done quite well recently is mind medicine and nume so this is the news on pure extracts technologies corp symbol in canada on the canadian securities exchange is pull symbol in frankfurt germany a 2 o j a j so
Pure extracts a plant-based extraction company focused on cannabis hemp and the rapidly emerging functional mushroom sectors is pleased to provide an update and overview regarding its expansion into the functional mushroom wellness sector with interest in functional and medicinal mushrooms climbing sharply particularly regarding medicinal opportunities the outlook
Appears promising for the sector pure extracts has noted recent announcements showing increased institutional interest in the field of psychedelics in general and with a focus on promising mushroom varieties such as psilocybin specifically as a study candidate psilocybin is being looked at for treatment options including depression anxiety ptsd bipolar disorder
Alzheimer’s disease and addiction the us food and drug administration us fda status on the use of psychedelics appears to be evolving subsequent to breakthrough therapy status for treatment resistant depression in 2020 which appears poised to receive approvals in 2021 recent reports also indicate that the global market for functional mushrooms is forecasted to
Reach 34.3 billion usd by 2024 and continues growing at a respectable cagr of eight percent as a result of the encouraging and growing interest in the sector pure extracts has commenced the expansion of its business model to include mushroom formulations through the use of extraction processes that have proven compatible with its existing infrastructure now
This news is also on tmx money this is pure extracts what it looks like here and there’s the news the symbol in frankfurt germany is a to q j a j and the symbol in canada is p u l l so you can find this news it is everywhere it is literally everywhere right now so as a result of the encouraging and growing interest in the sector pure extracts has commenced
The expansion of its business model to include mushroom formulations through the use of extraction processes that have proven compatible with its existing infrastructure the company is working closely with its scientific advisor dr alexander mcgregor the founder of the toronto institute of pharmaceutical technology to develop high bioavailable products and
Novel delivery methodologies including pills capsules and edibles furthermore the company believes that there exists a significant opportunity for it to become an important extraction partner for the commercialization of new functional mushroom products designed with purity and consistency in mind in that regard pure extracts has signed a letter of intent loi
With one of canada’s leading functional mushroom wellness brands to co-develop cbd enhanced mushroom products wow huge news looking further ahead pure extracts aims to eventually enter the growing field of psychedelic mushroom processing as an additional aspect of its diverse extraction market penetration strategy in the interim three functional products such as
Lion’s mane turkey tail and rishi are being created under the pure mushrooms brand in herbal medicine these products are thought to boost memory support the immune system or reduce stress pure mushrooms products are projected to for availability by the end of q1 2021 so we’re talking about four months via direct to consumer sales utilizing the company’s capital
Efficient e-commerce web portal the creation of these products will validate the company’s processes and capabilities and prepare it as additional strains become available company ceo ben nikolovsky notes our brand is an aspirational extension of our location in the mountains of british columbia as such we are 100 focused on high quality ingredients formulations
And processes in all of our efforts moving into the field of mushrooms extraction is an obvious and exciting opportunity to leverage our advanced technology and proven capabilities we look forward to launching our functional product commercially within the next few months and can’t help but see the similarities to the cannabis sector regarding the pathways to
Both medical and recreational legalization i believe our ability to immediately begin working in this burgeoning sector will begin immense value for our business our stakeholders partners and shareholders alike and they’ve been very good to shareholders thus far about pure extracts like i said p u l l in canada and a two j a two q j a j in frankfurt germany
The company 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 in 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 25th 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 on november 5th 2020 at around 40 you know 40 cents 45 cents and like i said it trades today much higher at 60 cents and i think with news like this
There’s a very good likelihood we could see it go higher i’d love to know your opinion on this i’m a big fan of pure extracts just reading all the news and if i go through their website you guys can go to their website it is purexcorp.com you can learn about them learn about their business model and the thing that finds that i find very interesting about them is
That they are 100 percent cannabis extraction oil but they are also in the psychedelic space so they’re in two of the hottest sectors in the world right now and what looks like a biden presidency in america will be very bullish for cannabis and it has been thus far and this is a company that will be able to benefit from both the growing cannabis sector and the
Psychedelic sector which is also gaining steam in america as well so you can download their investors presentation all of this is available on their website at purexcorp.com now if you like this video please smash the like button comment down below share the video everywhere and i’d love to know your opinion if you haven’t subscribed please subscribe for more
Updates so every time we have any updates on any of the news that we are following any breaking news any big information that is happening you can learn about it in real time here it is our business model our unique business model is founded on three pillars extraction formulation and brand development so this is a company that like i said pretty much brand
New not even a month old just getting started in two of the hottest sectors in the world and i’d love to know what you guys think now when you’re doing research in companies you always want to get to know everything about them so what i like to do is i like to find out their share structure that’s extremely important to me so if we just pull up pull on tmx
Money we’re gonna see real quickly their share structure and this is another part of the company that i find very appealing is their tight share structure so not only brand new and in two very hot sectors we’re talking about a baby market cap of only 42 million i think there’s a very good chance that we’re going to see this go to at least 100 million market cap
Which means we still have room for this stock to double in my opinion and the shares listed 70 million shares is a very tight share structure so very big fan of pull put them on your radar this morning put them on your watch list they’ve got news love to know what you think about this news from pure extracts thank you for watching if you’re not winning you’re
Not watching we bring in the winners and we bring them to you first pure extracts pull here’s the news once again on their website pure extracts advances plans for the processing of functional mushroom formulations i think this is big news keep them on your radar today i wouldn’t be surprised to see them go up on this news if i see anything big or any other big
Breaking news i’ll let you know thanks for watching this is rich from rich to be live with pure extracts p u l l in canada a two q j a j in frankfurt germany have a nice day we’ll talk to you soon
Transcribed from video
Pure Extracts Advances Plans for the Processing of Functional Mushroom Formulations By RICH TV LIVE
