Pure Extracts Participates In Biomass Purchase Agreements To Assistance Oil Extract Production 1

Pure Extracts Participates In Biomass Purchase Agreements To Assistance Oil Extract Production 2
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Pure Extracts Enters Into Biomass Purchase Agreements To Assistance Oil Extract Production

VANCOUVER, British Columbia, Jan. 25, 2021 (WORLD NEWSWIRE)– Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction business, is delighted to announce that it has actually entered into its very first considerable biomass purchase contracts in order to scale-up its production of both THC and CBD extracts.The Company has actually recently consented to purchase 220 kgs of high potency THC cannabis dried flower from a big, Canadian Licenced Manufacturer and it has likewise consented to purchase 1,000 kgs of high potency CBD biomass from a top, Western Canada, grower. With biomass rates touching new lows, the Company thinks that the timing was right for its first strategic purchases, which will drive profits development in Q1 2021. The marijuana will be used to produce full spectrum(FSO )THC oil with a minimum pureness of 67%and distillate with a minimum purity of 86%. The hemp will be utilized to produce full spectrum(FSO) CBD oil with a minimum pureness of 66%and distillate with a minimum purity of 85%. From these 2 biomass purchases alone, the Business will be able to produce around 70 kgs of CBD extract and 25 kgs of THC extract. At existing wholesale costs of$6,000/ kg and$ 6,800/ kg respectively, this biomass might lead to$ 590,000 in near term sales revenue.Pure Draws out CEO, Ben Nikolaevsky, mentioned, “Having a stockpile of biomass makes sense for us now as Pure Extracts starts

to build its name in the elite category of extractors. We are eagerly anticipating showcasing our world class products and consistently ramping-up income this year. “About Pure Extracts (CSE: PULL)(Frankfurt: PUX)The Company features an all-new, cutting edge processing center situated simply 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 formulas, including those currently limited in Canada, into European jurisdictions where they are lawfully offered. On September 25, 2020, Pure Extracts was approved its Requirement Processing License by Health Canada under the Cannabis Act and the Business’s stock started trading on the Canadian Securities Exchange(CSE )on November 5, 2020. Learn more at https://pureextractscorp.com/.For additional info please contact Empire Communications Group at( 604)343-2724. ON BEHALF OF THE BOARD “Ben Nikolaevsky” Ben Nikolaevsky CEO and Director The CSE has neither authorized nor disapproved the contents of this press release.This news release consists of forward-looking statements relating to the future operations of Pure Extracts, and the other declarations are not historical facts. Positive declarations are frequently determined by terms such as”will”,”may”,”should”,”prepare for”,”expects”and similar expressions

. All statements aside from statements of historical reality, consisted of in this release, consisting of, without constraint, statements regarding the
future plans and objectives of Pure Extracts’,
are positive declarations and include

threats and uncertainties. A number of aspects might trigger actual occasions, efficiency or results to

differ materially from what is forecasted in forward looking statements. Although we think that the assumptions underlying these declarations are sensible, they may prove to be incorrect, and we can not guarantee that actual results will be constant with these positive statements. Given these threats, unpredictabilities and presumptions, financiers should not position unnecessary dependence on these forward-looking declarations. Whether real outcomes, performance or accomplishments will comply with the Business’s expectations and forecasts undergoes a variety of known and unidentified threats, unpredictabilities, assumptions and other factors, consisting of those noted under “Danger Elements”in the Company’s Yearly Information Type. The Company does not undertake to update any positive info, other than as, and to the degree required by, appropriate securities laws.This news release contains information about possible sales profits from supply arrangements, which might be thought about as disclosure of monetary outlook under applicable securities laws. Such information is subject to the very same presumptions, threat aspects, restrictions, and certifications as stated in the above paragraph. Particularly, estimated sales earnings which might be originated from supply agreements has actually been computed based upon existing wholesale prices and presume, amongst other things, that the Business will be able to find buyers for its products. Financial outlook included in this news release was made by management as of the date of this press release and was offered the purpose of offering readers with an understanding of the potential earnings which might be stemmed from supply arrangement just recently participated in by the Company, and are not an estimate of success or any other procedure of financial efficiency. Readers are cautioned that the monetary outlook included in this document needs to not be utilized for purposes other than for which it is disclosed herein. Released at Tue, 26 Jan 2021 05:03:45 +0000

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