Pure Extracts Technologies Corp . (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) – RICH TV LIVE – March 4, 2021 – (“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 Mushrooms Corp., has submitted an application to Health Canada for a Dealer’s Licence under the Controlled Drugs and Substances Act (CDSA).
Hey how you guys doing this is rich from rich tv live and recently i’ve been talking to you about pure extracts who seems to have huge news coming out almost daily and i’ve been showing you the stock and i’ve been telling you that i thought the stock was at a bottom and they made me look good yesterday up five percent with some really big news and the volume was
Almost twice as much as its daily average volume and then they got news again today and you can see that i was trying to say that you know 50 cents was the bottom and there was some good upside i drew this this trend line here because i felt like there’s a very good chance that we’re gonna see it go higher um it did go higher yesterday i think there’s a good
Chance it’s gonna go higher again today with this news this is the canadian side as you can see here the u.s side is prxtf and i find this to be a very interesting company because you can see it consolidating i like this consolidation typically what you see before stocks explode is you see this consolidation or even sometimes they drift down and consolidate
And it’s like a yo-yo or kind of like an elastic band and what happens is when it really cranks back it’s getting ready to just explode and typically just needs news and the biggest catalyst is always revenue the biggest catalyst is always growing revenue and this is a company that’s growing in its revenue now let’s talk about the news because the news is
Always the biggest catalyst for these stocks like i said the biggest catalyst is always revenue or news that means that revenue is coming and let’s talk about this news pure extracts submits dealer’s license application to health canada this is breaking news pure extracts technologies corp pull pull in canada prxtf in america a2 qjaj in frankfurt germany is
A plant-based extraction company focused on cannabis hemp functional mushrooms and the rapidly emerging psychedelic sector is pleased to announce that it’s wholly owned subsidiary pure mushrooms corp has submitted an application to health canada for a dealer’s license under the controlled drugs and substances act cdsa the cdsa and its regulations provide among
Other things the framework for legal access to controlled substances and the control and regulation of production distribution and sale one of health canada’s responsibility is to provide the licensing and oversight framework for the legal production of controlled substances under the framework a company is required to obtain a license issued by health canada in
Order to conduct various activities with controlled substances license holders are responsible for compliance with the cdsa as regulations as well as compliance with other applicable federal provincial and territorial legislation and municipal bylaws the issued license dictates activities conditions and restrictions for the license holder depending on license
Permissions a dealer’s license could allow for the following activities procurement of controlled substances including by import synthesis propagation cultivation harvesting of psychedelic mushrooms or psilocybin extraction huge research and manufacture of controlled substances such as psilocybin and siloson business-to-business sale of controlled substances
Including by export and sale of controlled substances by pharmacies wow this is big guys very big pure extract ceo ben nikolewski remarked we are grateful to have the support of one of canada’s premier consulting companies with subject matter proficiency in cannabis and other regulated consumer product industries in assisting that we submitted a fully compliant
Dealer’s license application to health canada as a plant-based extractor bringing functional mushroom products to market in q1 we are very excited to be laying the groundwork for our move into the controlled substances world of psychedelic extracts which means they are so close to actually having revenue so close having the ability to do extraction research and
Development into psychedelic compounds such as psilocybin and silocin will prepare pure extracts to work with partners such as medical doctors pharmaceutical companies and pharmacies as clinical trials lead to the legalization of psychedelics and the advancement of micro dosing in the near future submission of the company’s dealer license application is subject
To compliance with applicable securities laws including any necessary approvals by the cse about pure extracts technologies corp 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 towards
Expert 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 standard processing license by health canada under the cannabis act and the company stock began trading on the canadian securities exchange cse on november 5th 2020.
Huge news for pure extracts and it seems as though they have lots of news and i like companies with robust news if you want to see a company do well typically the company has to have news that’s how they communicate with shareholders that’s how shareholders get a chance to know what the company’s up to you can see the news here i mean they just put out news
Yesterday saying they’ve got 650 000 in orders for vape cartridges for 30 000 vape cartridges which i which i covered now today they’ve got news of submitting a dealer license application to health canada they’re constantly putting out news and this is see here the list of shares out 79 million shares listed issued outstanding and a market cap of 46 million
Only a 46 million market cap that’s a baby market cap i think that the upside is tremendous for this company i think they can easily go to a 100 million market cap which in my opinion tells me that this can easily go to at least a dollar and if this goes to a dollar and you’re in at 45 cents in canada in america and you’re in at 58 cents in canada the upside is
Tremendous it’s almost 100 upside from here so love to know what you guys think this is big news would not be surprised to see it continue further up on this news love to know what you guys think remember rich tv live is strictly for education and entertainment purposes always do your due diligence always do your research before you invest in anything that we talk
About here in rich tv live always invest in the best companies you deserve the best and the best is blessed if you like the video smash the like button comment down below share the video everywhere and subscribe the big news for pure extracts technologies corp once again pure extract submits dealer’s license application to health canada it’s your board rich rich
To be live bringing you the news and we bring it to you first we bring you the winners and we bring them to you first if you’re not winning you’re not watching your boys out peace should be a good day for paul you
Transcribed from video
PURE EXTRACTS SUBMITS DEALER'S LICENCE APPLICATION TO HEALTH CANADA By RICH TV LIVE
