The company is aiming their edible gummies at the four provinces where demand is strongest—those being British Columbia, Alberta, Saskatchewan and Ontario—with revenue estimates with this batch including $200,000.
“May is going to be a very exciting month for us as we commence retail sales of gummies through our distribution partner. We plan to replicate the success that our licensing partner, Taste-T, is experiencing in US states including Nevada, Massachusetts, Michigan and Oklahoma. Our exceptionally pure products are in high demand and we have a range in potencies and flavours that consumers will certainly enjoy,” said Ben Nikoaevsky, CEO of Pure Extracts.
Pure Extracts Technologies is primarily into cannabis and hemp-based extractions, putting together a respectably sized portfolio of CBD and THC cannabis 2.0 products, of which their latest gummy offering is one. They’re also involved in mushrooms, both magic and functional, which they produce from their facility in Pemberton, B.C. The psilocybin mushrooms find their way over to the European market while the grand poobahs in Ottawa mull over whether or not mushrooms should be legal here.
In the interim, Pure Extracts is busy developing a deep portfolio of cannabis 2.0 products with an emphasis on 34 formulations of their ‘Pure Pulls’ branded full spectrum oil, in addition to the Pure Chews line. Their Pure Chew stock keeping units (SKUs) include 10 mg THC packs of Fire Burst, Strawberry and Mango use a manufacturing system licensed from US based Taste-T, which also manufactures Margarita Chill and Fireball Cinnamon products.
Equity Guru’s own Lukas Kane covered this news when it broke:
Taste-T uses a proprietary manufacturing system to produce and package branded cannabis gummies and sells them in multiple U.S. states including:
The company also intends to launch three SKUs with varying levels of ultra-high potency CBD, and no THC, Pure Chews gummies.
PULL is up half a penny today and presently trading at $0.425.
Full disclosure: Pure Extracts Technologies is an equity guru marketing client.