- Pure Extracts Technologies (PULL) has signed a custom manufacturing label agreement
- The company signed the agreement through its wholly-owned subsidiary, Pure Extracts Manufacturing Corp
- The deal is with Joe’s Hemp Shack, a subsidiary of Green Light Solutions
- The agreement calls for the initial extraction and formulation of premium hemp into high quality CBD vape cartridges
- Pure Extracts Technologies is up 2.70 per cent, trading at $0.38 at 11:39 am ET
Pure Extracts Technologies (PULL) has signed a custom manufacturing label agreement.
The company signed the agreement through its wholly-owned subsidiary, Pure Extracts Manufacturing Corp.
The deal is with Joe’s Hemp Shack, a subsidiary of Green Light Solutions.
The agreement calls for the initial extraction and formulation of premium hemp into high quality CBD vape cartridges. The products will be created by collaboration between the two companies.
Pure Extracts has more than 30 proprietary formulations and optimized vape hardware. The company will provide co-manufacturing extraction services including all sales and distribution, labelling, packaging, applying of excise stamps and shipping.
“We are excited about launching a white label product with our new partner, GLS, a fellow BC company, as they are focused on creating state-of-the-art cannabis-based products utilizing their small-batch cannabis and high-potency CBD hemp. With the addition of GLS and the increased capacity and flexibility our new cosolvent injection system provides, we have begun to execute our strategy with craft producers and branding specialists to get their white label products into the provincial dispensaries and drive up to $3 million of annual revenue from this vertical,” said Pure Extracts CEO Ben Nikolaevsky.
Vancouver-based Pure Extracts Technology has a new processing facility located just 20 minutes north of 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.
Pure Extracts Technologies is up 2.70 per cent, trading at $0.38 at 11:39 am ET.
