Last month we highlighted Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) as a leading herbal extraction company focused on the cannabis, hemp and functional mushrooms sector.
We have always referred to Pure Extracts as a legitimate and differentiated game in the cannabis, functional mushroom, and nascent psychedelic products market. In 2019 we visited the company’s British Columbia facility and were impressed with the operation. Pure Extracts uses cutting-edge technology to capitalize on the herbal extract market and we’re confident about how history has turned out so far.
Signs agreement with leading edible cannabis brand
Earlier this week, Pure Extracts announced a major milestone and is said to have signed a license agreement with Taste-T, LLC of the United States, which has sold its line of products in strategic US markets (e.g. Nevada, Massachusetts, Michigan and Oklahoma) . We are contemplating the agreement of a significant potential catalyst for growth from the performance of Taste-T’s products and will monitor how the relationship develops.
Two of Taste-T’s best known products are Margarita Chill and Fireball Cinnamon. We tried the Fireball Cinnamon product and we are cheap in how it differs from other cannabis products on the market. Taste-T uses a proprietary manufacturing system to make and package branded rubbers from brand manufacturers and we’re cheap in terms of the traction the brand has been able to generate.
Under the terms of the agreement, Pure Extracts has exclusive rights to Taste-T’s products in Canada and the first rights to other strategic international markets. As part of the agreement, Taste-T has supplied one of its custom, state-of-the-art rubber manufacturing machines, certified to Canadian standards, to the Pure Extracts facility.
Going forward, Pure Extracts will sell Taste-T’s products in a format that is compliant with Health Canada regulations. The company announced that the Taste-T line of products will be marketed in licensed pharmacies across Canada and sold under the edible brand “Pure Chews”. By signing the agreement, Pure Extracts can leverage the strength of the Fireball brand associated with Taste-T’s line of products. We consider Taste-T as one of the few legitimate U.S. cannabis brands and are optimistic about the growth prospects associated with the brand.
A growth story you should know
While we’re less than three months into 2021, Pure Extracts has performed well and reported important developments related to a variety of initiatives. From raising capital to adding strategic players to the executive team, history has reported significant strides, and this is a trend to be aware of.
In the future, we are optimistic about the amount of income that can be generated from the toll processing agreements that have already been concluded. We anticipate Pure Extracts will continue to report on strategic processing and white label arrangements for the next year, and believe the story is at the beginning of a major growth cycle.
Pure Extracts sells at a significant discount compared to other extractors, and we find this to be significant. Because Pure Extracts is focused on several key markets, we believe that it has greater potential for growth and that the market is ignoring that aspect of the story.
If you would like to learn more about Pure Extracts, please send an email to firstname.lastname@example.org with the subject “Pure Extracts” to be added to our distribution list.
Under an agreement between StoneBridge Partners LLC and Pure Extracts Technologies Corp. We were hired for a period of 180 days from November 1, 2020 to May 1, 2020 to publicly disseminate information about (PULL) including on the website and other media including Facebook and Twitter. We are paid or paid for $ 7,500 per month (PULL) for “NULL” shares of unrestricted or restricted common stock. We own one hundred and seventy-six thousand eight hundred and twenty-nine (176,829) shares of (PULL) that we acquired through private placement. We plan to sell the “ZERO” portions of (PULL) that we hold during the time the website and / or Facebook and Twitter information is recommending investors or website visitors to buy without further notice to you . We can buy or sell additional shares of (PULL) in the open market at any time, including before, during, or after the website and the information is publicly distributed.
Michael Berger is a Managing Partner of StoneBridge Partners LLC. SBP continues to promote market awareness for leading cannabis industry companies in the US and abroad.