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Wednesday, Jun 12, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Business

Pure Extracts to start selling its products in Nova Scotia

This is the sixth province that will list Pure Extracts products

Pure Extracts to start selling its products in Nova Scotia
Photo via Pure Extracts

Canadian cannabis company Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) is set to start selling its vape cartridges and CBD edibles in one of the Canadian Maritime provinces.

On Thursday, the concentrate-focused firm said its wholly-owned subsidiary Pure Extracts Manufacturing Corp. has received an initial purchase order (IPO) from the Nova Scotia Liquor Corporation Cannabis for its vapes and hemp-based edibles.

This is the sixth province that will list Pure Extracts products.

Among the products, the company will start sending its full-spectrum oil vapes along with two new products including a resin vape and an “ultra-high” potency vape. It also includes a 600 milligram CBD “jumbo” pack of Pure Chews gummies.

Read more: Crystal Cure to start selling its small-batch cultivars in Nova Scotia

Read more: Nova Scotia legal weed sales up 8% to $27M

Pure Extracts CEO Ben Nikolaevsky said in a statement the company received a large “six-digit” purchase order for its products and is excited to join the adult-use market in Nova Scotia.

“The combination of a larger format offering with our exceptional cannabis extracts will definitely build on the loyal following Pure Pulls already has in place across Canada,” Nikolaevsky said.

“We are proud to be a leading innovator in the cannabis vape sector and look forward to providing additional SKUs to the NSLC.”

Pure Extracts has its processing facility north of Whistler, British Columbia which was built following European Union GMP standards. The company said it aims towards exporting products and formulations worldwide.

Company stock went down by 11.11 per cent Thursday to $0.40 on the Canadian Securities Exchange.

 

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