Author: CannabisNewsWire (CNW)

About CannabisNewsWire CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge. To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only) For more information please visit https://www.CannabisNewsWire.com Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

420 with CNW — 3 Bills Seek to Give Cannabis Companies Access to Federal Aid

The state-legal cannabis industry has for years been operating at a disadvantage because of the categorization of cannabis as a controlled substance on the federal level. Although most states with legal cannabis markets deemed the controversial plant essential during the coronavirus pandemic, thus allowing companies in the cannabis space to continue their operations, federal law remains a major thorn in the side of cannabis businesses.

Despite providing hundreds of thousands of job opportunities and contributing millions of dollars in much-needed tax revenue to state coffers, these companies remain locked out of federal aid that would have helped them weather the greatest health and economic crisis in a decade.

However, businesses in the cannabis space are now one step closer to accessing federal financial aid after three new bills that would remove restrictions barring them from federal financial aid programs were introduced in the U.S. House of Representatives. If these bills pass, small businesses in the cannabis space will be eligible for a variety of federal services, including disaster relief, grant programs and loans. Save for a couple of small changes, the three legislations bear a striking similarity to bills introduced in 2019.

The Ensuring Safe Capital Access for All Small Businesses Act of 2021, which was sponsored by House Small Business Committee Chairwoman Nydia Velázquez, would grant businesses in the cannabis sector access to the resources from the federal Small Business Administration (“SBA”).

The SBA would be barred from preventing such businesses from accessing disaster assistance, including microloans as well as its new loan guarantee program. The bill also has provisions that prevent private lenders and SBA intermediaries, as well as state and local development companies, from refusing to work with businesses simply because they are in the cannabis space.

The second legislation, bill H.R.2649, would establish and task a U.S. Small Business Administration (“SBA”) grant program with providing funding to state and local authorities to support the often complicated licensing process for cannabis businesses. Language from the legislation explicitly states that this grant money is to be invested in communities that were disproportionately affected by the failed war on drugs. The bill, which was initially introduced by Rep. Dwight Evans, also removes cannabis from the federal controlled Substances Act.

H.R. 2652, the third legislation, was introduced by Rep. Jared Golden. If this third bill passes, it will prohibit SBA partners that offer guidance and training services from refusing to help businesses that are in the cannabis space or are involved with cannabis businesses. As the country works to recover from the financial crisis brought on by the coronavirus pandemic, Golden says, giving small businesses access to the resources and services they need to grow is crucial.

If these bills are approved and enacted, they could be a great help to many cannabis sector players, such as Grapefruit USA Inc. (OTCQB: GPFT), which would appreciate being treated by the federal authorities in the same way that businesses in other industries are regarded and supported when need arises.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — How Various Organizations, Brands Celebrated 4/20

Advocates of marijuana reform as well as enthusiasts celebrated 4/20 in various ways this past Tuesday in different states across the country. Musicians such as the Flaming Lips and Wiz Khalifa also took to their platforms to celebrate this marijuana enthusiasts’ day.

For those who may not be familiar with this date, April 20 of each year is an unofficial cannabis holiday.

During the 2020 November elections and even earlier this year, even more states legalized cannabis in the country, which brought the total to 16.

Many speculate that leaders in Congress may soon introduce laws that end federal prohibition. Marijuana reform has grown popular with findings from a national poll that was conducted recently showing that 69% of Americans do not oppose legalization; rather they would prfer to welcome it.

Let’s look at some of the brands that celebrated 4/20 last week:

Weedmaps

This tech company hosted a 4/20 livestream event, which featured musical performances from artists such as A$AP Rocky and Snoop Dogg.

Lagunitas Brewing Co.

This beer company introduced a new ale to the market as a way to celebrate a group of teens from California who begun the 4/20 craze in the ‘70s. The group was dubbed the Waldos.

discovery+

This TV station announced its plans to launch a cannabis-themed version of Chopped, the cooking competition show.

BarkBox

This treat and dog-toy business promoted some of its dog goodies, which were 4/20 themed and an idea gift for people could get for their furry friends.

Nuggs

In honor of this holiday, the alternative-meat company offered a $420 giveaway to some of its Instagram account followers. The winners, which were randomly selected, were notified through their DMs.

Ben & Jerry’s

This popular ice cream company used its platform on 4/20 to promote federal cannabis reform, in addition to using vans and digital billboards to promote and advertise the MORE Act (Marijuana Opportunity, Reinvestment and Expungement Act).

Jimmy John’s

This sandwich company streamed a live “wake and bake” session on its Instagram account and gave enthusiasts the chance to win limited-edition merchandise.

In addition to these brands, a few organizations also celebrated the stoner holiday. These include:

The National Highway Traffic Safety Administration

This agency urged individuals to not drive while impaired through a tweet that used the hashtag #420.

The USDA

The Department of Agriculture took the opportunity to educate hemp cultivators on crop insurance.

DCMJ

This organization planned an event where members gave away free cannabis at coronavirus vaccination centers in different parts of the nation’s capital.

While lots of cannabis companies such as Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) face plenty of challenges, particularly with regard to the lack of congruence between federal marijuana laws and those at state level, the 4/20 unofficial holiday offers an opportunity to reflect on the strides made regarding cannabis policy reform, as well as taking stock of what more needs to be done.

NOTE TO INVESTORS: The latest news and updates relating to Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/GLDFF

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420 with CNW — Tips for Getting a Cannabis Business Ready for GMP Certification

With the Democrats currently holding the Senate, House and White House, advocates have their hopes high that the federal government will legalize cannabis. If that were to happen, businesses in the cannabis space would have to deal with a myriad of regulations that legal businesses in other industries have been dealing with all along.

For instance, if the federal government legalizes cannabis and allows national and global sales, companies in the space will have to adhere to Global Manufacturing Practices (“GMP”). GMP is a set of cleanliness and safety protocols that manufacturers of consumer packaged goods are required to follow.

GMP certification can be quite expensive, with companies spending up to six figures to ensure their production facilities are compliant and to hire a certifying firm to confirm that the company is actually adhering to GMP requirements. According to Summer LaForce, director of Woodburn, Oregon-based hemp extraction company FSOil, cannabis and hemp firms looking for opportunities in the mainstream market will need this certification despite the hefty price tag. Depending on the kind of products sold, authorities will maintain different sets of GMP.

The first thing a cannabis business should determine is if the products they make could be categorized as food, cosmetics, dietary supplements or even pharmaceuticals. If the marijuana or hemp operation doesn’t involve any extraction or production of finished goods, owners should look at Good Agricultural and Collection Practices. These standards are set by the World Health Organization as well as the United Nations, and they cover everything from sanitation protocols to harvesting, drying and storing plants that are meant to be consumed by humans.

The entire process of getting a GMP certification is quite complicated, so owners should probably bring in an expert. The expert will examine the manufacturing and safety protocols that will need to be followed as well as ensure that all products are safe for human consumption. A few of the things an expert will check include the cleanliness and hygiene of manufacturing areas, ventilation and airflow, staff training protocols, and plans for recalling products deemed unsafe, among others.

Once the consultant has compiled a gap audit, which is looking for any gaps in the manufacturing procedures that should be fixed, the business can start working toward being GMP compliant. Note that a gap audit will cost a few thousand dollars. John Davis, chief technology officer for Entexs, says sometimes the cost can go as high as three times what companies project. However, he adds that it is ultimately the smart thing for most companies to do as more and more customers are getting curious about GMP requirements.

Companies such as Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), which are based in Canada, started manufacturing with federal legalization of cannabis already in place. That could mean they have fewer legal complexities to contend with than their U.S.-based multistate operators, which have different legal regimes governing them in every state in which they are licensed.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) are available in the company’s newsroom at http://cnw.fm/PACR

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420 with CNW — Is Regulating Cannabis by Potency a Good Move?

As more and more states legalize cannabis in the United States, a debate on whether to regulate cannabis by its potency also appears to be gaining steam.

Generally, many states that have legal cannabis markets base their tax on weight or sales price. However, the state of New York signed a legislation in March, under which recreational cannabis will be taxed based off its THC amount. For those who may not be familiar with THC, this is the primary intoxicating chemical in marijuana.

When the state of Illinois began recreational cannabis sales in 2020, it also enacted a potency-related tax. In Vermont, officials are planning to launch the state’s legal marijuana market in the next year or so, under which THC content will also be limited.

Individuals who support the move to limit THC content as a way to regulate cannabis assert that these measures will protect public health by discouraging the use of what people may regard as highly concentrated marijuana. President of Smart Approaches to Marijuana Kevin Sabet noted that legislators needed to put some limitations on the cannabis products being sold to people. Smart Approaches to Marijuana is an anti-legalization group that has been calling for potency caps for some time.

Additionally, the National Academies of Sciences, Engineering and Medicine conducted an examination of health and cannabis in 2017; the results noted that the growth in potency was among the factors that create the potential for a higher risk of adverse health effects.

On the other hand, those opposing potency caps contend that limiting amounts of THC in products may drive people to buy products from the illegal market. Recorded data shows that in the recent decades, the levels of THC have been rising in the cannabis seized by federal agents. For instance, in 2014, the average THC levels were 12% while almost two decades before that, in 1995, the THC levels were only 4%. Reports from the state of Colorado show that marijuana concentrates sold in the state’s legal market average 69% THC, with some hitting as high as 90%.

Supporters of cannabis legalization are of the opinion that potency caps will backfire. In a recent op-ed, NORML deputy director Paul Armentano noted that recriminalizing cannabis products would affect the consumer demand for these products, in addition to pushing consumers to look for similar products in the illicit and unregulated market.

As a substitute measure, some states are choosing to make high THC cannabis products more expensive, instead of forbidding their use.

Companies such as XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), which have opted to take the route of formulating medicines from cannabis compounds, may be the ultimate winners since securing FDA approval for their formulations grants them access to patients in the entire country. This would free the companies from having to navigate the complexity of numerous state-level laws.

NOTE TO INVESTORS: The latest news and updates relating to XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) are available in the company’s newsroom at https://cnw.fm/XPHYF

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CannabisNewsBreaks – RYAH Group Inc. Closes Reverse Takeover with Potbotics

RYAH Group today announced the closing of its reverse takeover transaction with Potbotics Inc. According to the update, the transaction was effected by way of a triangular merger between RYAH Group, Potbotics and a wholly-owned, Florida subsidiary of the company pursuant to the laws of the state of Florida. The combined public company resulting from the transaction will carry on the business of Potbotics, engaged in the development and commercialization of various innovative technology solutions (both software and hardware) for the plant-based medical industry. On April 1, 2021, the company received conditional approval to list its subordinate voting shares on the Canadian Securities Exchange (“CSE”). The company is working towards meeting listing requirements and, subject to final approval of the CSE, the subordinate voting shares are expected to commence trading under the ticker symbol “RYAH.”

To view the full press release, visit https://cnw.fm/HhzGj

About RYAH Group Inc.

RYAH Group is a leader in digital health care analytics and technology. By creating a suite of dose-measuring, IoT devices that capture data from seed to consumption, RYAH is positioned to unearth breakthrough discoveries capable of reshaping the understanding of plant-based medicine. For more information, visit the company’s website at www.RYAHGroup.com.

NOTE TO INVESTORS: The latest news and updates relating to RYAH Group are available in the company’s newsroom at https://cnw.fm/RYAH

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW — Medical Cannabis Firm Sues Oklahoma over Tracking System

A DR Z Leaf dispensary in the state of Oklahoma recently filed a suit in an attempt to stop the execution of a cannabis tracking program in the coming weeks. The litigation, which was filed by the medical cannabis operator, also disputes whether the state’s Department of Health is operating ultra vires by implementing the seed to sale system and making it mandatory for more than 10,000 medical marijuana businesses to pay for it.

The business filed the suit in the District Court of the Okmulgee County last week and questions the legality of the contract between Metrc, an organization based in Florida, and the state of Oklahoma.

The lawsuit demonstrates the strain in the relationship of the state and some medical cannabis businesses over the growing number of regulations and the costs of observing those regulations. According to the state, as of March 2, there are 10,587 active medical cannabis business licenses in throughout the state.

The state established its medical marijuana market in 2018. Since then more regulations have been introduced in an attempt to meet the industry’s best practices.

Oklahoma Medical Marijuana Authority (“OMMA”) spokeswoman Terri Watkins stated in an interview last week that the state did not comment on unsettled lawsuits. Bronwyn Flores, the spokeswoman for Metrc, also refused to comment on this litigation, which has listed OMMA and the state as defendants.

An affiliate of Fox TV in the state, KOKH, mentioned that a few medical marijuana business operators had complained about the seed tracking program and, in particular, the prices imposed by Metrc. For instance, wholesalers are charged 25¢ per package for an RFID tag while cultivators are charged 45¢ per plant for the same.

Flores stated that the fees for plant tags and the company’s software were the same in the 16 markets the company served. Metrc is party to seed-to-sale contracts in fifteen states, including Washington, DC, and Oklahoma.

These tracking programs in legal cannabis markets are provided by a solo software provider in order to ensure that inventory tracking can be performed through a centralized system. A competitive bidding process is used to award contracts. The company’s system will be replacing the compulsory monthly reports that medical cannabis businesses in the state of Oklahoma were submitting.

The transition from a manual to an electronic system may have been costly for some businesses, given that many of them were doing their reports on paper. Flores explained that entering an established market comes with its own set of issues but added that, from the company’s view, execution had been running smoothly.

Licensed marijuana sector players in different parts of to lots of complicated regulations, and it no wonder that some sector actors in Oklahoma are protesting the frequent changes to the laws governing their activities.

NOTE TO INVESTORS: The latest news and updates relating to Gage Growth Corp. (CSE: GAGE) (d.b.a. Gage Cannabis) are available in the company’s newsroom at https://cnw.fm/GAGE

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420 with CNW — Latest Pew Survey Shows Overwhelming Support for Cannabis Legalization

The past few years have seen more and more states pass legislation legalizing recreational and medical cannabis. Presently, 36 states have legalized medical cannabis, 17 have legalized the use of recreational cannabis, and 13 states, including the U.S. Virgin Islands, have decriminalized recreational use. A large swathe of America is clearly behind legalizing and decriminalizing marijuana, and a new survey by Pew Research Center has the numbers to prove it.

Conducted from April 5–11 this year, the survey found that 60% of Americans who are of age support both recreational and medical cannabis while 30% support only medical use. Only 8% (1 in 10) of the respondents said that neither medical nor recreational cannabis should be legalized. The results of the survey come shortly after New York and Virginia legalized recreational cannabis, and Senate Majority Leader Chuck Schumer said he would move forward with federal cannabis legislation with or without President Joe Biden’s support.

A separate survey question that asked about cannabis in general without specifying if it was for medical or recreational use found evidence proving that support for cannabis legalization has been on a steep rise in the past 20 years. From 2000 to 2019, the number of Americans who thought cannabis should be legalized in the country has more than doubled. As expected, people’s views on marijuana varied based on their age and political leanings, with few adults of any age group being completely against legalizing any form of cannabis.

Naturally, younger adults are far more likely to support legalizing cannabis compared to older adults. An estimated 70% of adults aged 30 and below say they support recreational and medical cannabis while just 32% of adults 75 and older thought recreational and medical cannabis ought to be allowed. On the other hand, 53% of adults aged 65 to 74 said medical and recreational cannabis should be legalized.

Conservatives were less receptive towards marijuana, with 47% of Republicans and Republican-leaning independents saying they support both recreational and medical cannabis and 40% saying medical cannabis should be legal. On the Democrats’ side, 72% were in favor of legalizing both recreational and medical cannabis with an additional 23% saying only medical use should be allowed.

In addition, 39% (4 in 10) of conservative Republicans thought both recreational and medical cannabis should be legal, while 60% of moderate and liberal Republicans were in favor of both. In terms of race, 63% of white adults and 65% of Black adults say medical and recreational cannabis should be legal compared to 52% of Hispanic adults and 43% of Asian adults feeling the same way.

If only these surveys could result in federal changes to marijuana policy, licensed cannabis firms such as RYAH Group Inc. would have a less complicated regulatory climate within which to operate.

NOTE TO INVESTORS: The latest news and updates relating to RYAH Group Inc. are available in the company’s newsroom at https://cnw.fm/RYAH

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420 with CNW — California Cannabis Firms Can No Longer Advertise on Billboards after Latest Court Ruling

Although the state-legal cannabis industry is insanely lucrative, cannabis businesses have a lot stacked against them. From lack of access to banking services to being banned from advertising on most channels, companies in the cannabis space have to take great care not to run afoul of the countless laws that govern legal cannabis markets. In California, marijuana businesses were dealt a major blow last November after a court ruled that they weren’t allowed to advertise on billboards along all interstate and state highways crossing the state’s border.

Judge Ginger Garrett of the San Luis Obispo County Superior Court made the ruling, relying on language in Proposition 64, the 2016 ballot measure that asked Californians if the state should legalize recreational cannabis. The legislation also established a regulatory framework for the state’s recreational cannabis industry, including restrictions against advertising or marketing cannabis products.

For instance, recreational marijuana establishments cannot advertise within 1,000 feet of a school, playground or any other environment with children. In addition, they cannot use imagery such as toys or inflatables that appeal to children, and they aren’t allowed to use influencers who are younger than 21 to advertise and market their products.

In her ruling, Garrett said that the Bureau of Cannabis Control (“BCC”), which is in charge of regulating California’s cannabis market, did not have the authority to limit the advertising ban to only a 15-mile radius of the state’s borders. The agency should have instead prohibited cannabis businesses from placing any marijuana ads on all state and interstate highways that cross California’s border. In mid-January, Garrett ordered the BCC to notify all licensed cannabis businesses in the state about these advertising restrictions.

The Bureau of Cannabis Control has since then been working to rid the more than 4,300 miles of highways traversing the state’s 1,900-mile border of cannabis ads. According to the BCC’s spokesman Alex Traverso, the agency is currently working with cannabis operators to remove any and all billboards as fast as possible. Mike Berk, owner of Palm Royal Collective, says that although his South California cannabis company has been running ads on billboards for around 18 months, the company is planning to take all ads down.

Industry insider Rob Costello argues that outdoor marketing is crucial for cannabis businesses to capture the consumers’ attention. Costello, who is a chief growth strategist at 10K Advertising in Los Angeles, says outdoor marketing legitimizes the sector in the eyes of the public.

However, Assemblymember Jacqui Irwin, a Democrat who authored one of the most restrictive cannabis proposals in the country, says these cannabis billboards are “clearly advertising” to children and go against Proposition 64.

U.S.-based cannabis companies face many legal challenges. Other companies operate in less restrictive landscapes, such as that in Canada, where players like Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) can cross borders from one province or territory to another. In the United States, federal law prohibits cannabis from crossing state borders.

NOTE TO INVESTORS: The latest news and updates relating to Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) are available in the company’s newsroom at https://cnw.fm/PULL

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420 with CNW — Idaho House Rejects Constitutional Amendment to Ban Cannabis Legalization

A bill that would have hindered the legalization of cannabis and other substances without the approval of two-thirds of the state’s legislature was rejected in Idaho last week. The proposed amendment, which had already been cleared in the Senate, did not attain the 47 votes it needed to be approved in the House. If it had attained the two-thirds majority needed, voters in the state would have had the chance to vote on it next year.

During the two-hour debate held before voting, legislators in the House, a majority of whom are Republicans, disagreed on two themes: the damage cannabis could cause, particularly in young individuals who overindulge recreationally, and the help the drug could offer to those living in constant pain.

The vote saw liberal and conservative members of the chamber teaming up to outvote the initiative, which ended with every Democratic member in the chamber not supporting the initiative.

The legislators saw the measure as a reaction to the surrounding states that have passed measures legalizing or decriminalizing the recreational and medical use of cannabis.

The state of Idaho is one of the three states in the country that have no policy allowing their residents to possess cannabis products, even products with low THC amounts. However, residents of the state can cross the border in almost any direction and find themselves in a state where cannabis can be bought for medicinal and recreational purposes.

Lawmakers who supported the legislation gave examples of the states of Colorado, Washington, Oregon and California, noting that they didn’t want Idaho to end up like these states. Despite these examples, support for the use of medical cannabis in Idaho has been growing, with activists working toward getting a legalization measure on the ballot by next year.

The legislators who opposed the measure, a majority of whom stated that they’d never used cannabis and did not plan on trying it, stated that the measure could hinder the approval of drugs that could be useful because it was too extensive. They also noted that it would prevent the legalization of products such as CBD oil, which contain small THC amounts.

While the sponsors of the proposed amendment had focused on drugs such as methamphetamines and heroin, the debate almost entirely revolved around cannabis. Republican Rep. Chad Christensen stated that the measure was a cannabis legislation, which explains why he voted against it. Christensen observed that opioid use was the real issue in the state and that’s where the clamp down was needed.

While the rejection of the restrictive constitutional amendment gives Idaho residents hope that cannabis policy reform may be possible in future, they can at least access zero-THC hemp products made by firms such as The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER). These include salves, lotions, gummies and powder packs.

NOTE TO INVESTORS: The latest news and updates relating to The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) are available in the company’s newsroom at http://cnw.fm/WTER

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CannabisNewsBreaks – Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Prepares to Ship 1st Vape Cartridge Orders to Provincial Distribution Channels

Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, today announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has begun production of 25,000 vape cartridges for the Canadian retail market. Demand for Pure Extracts’ Pure Pulls branded 510 Vape cartridges is strong within the provincial markets, and the company estimates approximately $750,000 in retail sales revenue for this production run. The cartridges will be filled with a selection of Pure Extracts’ 30+ proprietary, full-spectrum-oil (“FSO”) formulations, including Super Lemon Haze, Grand Daddy Purple and Girl Scout Cookies/GSK. “We are excited about preparing to ship our first vape cart orders to the provincial distribution channels,” said Ben Nikolaevsky, CEO of Pure Extracts. “We have created the high-quality FSO vape products that consumers now demand and believe that we will quickly build brand loyalty with both legacy and new entrants in the vape space.”

To view the full press release, visit https://cnw.fm/sDWzv

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 export sales of products and formulations, including those currently restricted in Canada, into European jurisdictions where they are legally available. On Sept. 25, 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 (“CSE”) on Nov. 5, 2020. For more information, visit the company’s website at www.PureExtractsCorp.com.

NOTE TO INVESTORS: The latest news and updates relating to PULL are available in the company’s newsroom at https://cnw.fm/PULL

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