VANCOUVER, British Columbia, April 28, 2022 (GLOBE NEWSWIRE) -- Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis and hemp is pleased to announce that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has received an initial purchase order (PO) for its cannabis vape cartridges and CBD edibles from the Nova Scotia Liquor Corporation Cannabis (“NSLC Cannabis”). This marks the sixth province that will be listing Pure Extracts’ branded products.
With a trend towards larger cartridges as consumer preferences mature, demand for Pure Extracts’ Pure Pulls branded vape carts is strong within the provincial markets as this product offers exceptional value to the consumer while generating high margins for the Company. The SKUs in this PO include the Company’s flagship proprietary cannabis Full Spectrum Oil (FSO) vapes along with 2 new products: a cured resin vape and an ultra-high potency vape. Also included was a 600 mg CBD ‘jumbo’ pack of Pure Chews gummies, packaged in the Company’s proprietary blister packaging for ultimate freshness and convenience.
Ben Nikolaevsky, CEO of Pure Extracts remarked, “We are excited to have received our first PO from the NSLC Cannabis, responsible for the wholesale distribution and retail sale of non-medical cannabis in Nova Scotia. It is also gratifying to have received a 6-figure PO that includes both our vape and edible branded products.
The combination of a larger format offering with our exceptional cannabis extracts will definitely build on the loyal following Pure Pulls already has in-place across Canada. We are proud to be a leading innovator in the cannabis vape sector and look forward to providing additional SKUs to the NSLC.”
ON BEHALF OF THE BOARD “Ben Nikolaevsky” Ben Nikolaevsky CEO and Director
About Pure Extracts (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ)
Pure Extracts Technology Corp. 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. Pure Extracts was granted its Standard Processing License by Health Canada under the Cannabis Act on September 25, 2020, and its Sales Amendment on July 19, 2021. The Company’s stock began trading on the Canadian Securities Exchange (CSE) on November 5, 2020.
Find out more at https://pureextractscorp.com/
Or contact: Pure Extracts Investor Relations Tel: +1 604 493 2052 info@pureextractscorp.com
ON BEHALF OF THE BOARD “Ben Nikolaevsky” Ben Nikolaevsky CEO and Director
This news release contains forward-looking statements relating to the future operations of Pure Extracts, and the other statements are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of Pure Extracts’, are forward-looking statements and involve risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from what is projected in forward looking statements. Although we believe that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and we cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements. Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under “Risk Factors” in the Company’s Annual Information Form. The Company does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws.
This news release contains information about potential sales revenue from supply agreements, which may be considered as disclosure of financial outlook under applicable securities laws. Such information is subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraph. Specifically, estimated sales revenue which may be derived from supply contracts has been calculated based on current wholesale prices and assume, among other things, that the Company will be able to find buyers for its products. The financial outlook contained in this news release was made by management as of the date of this news release and was provided for the purpose of providing readers with an understanding of the potential revenue which may be derived from any agreements recently entered into by the Company, and are not an estimate of profitability or any other measure of financial performance. Readers are cautioned that the financial outlook contained in this document should not be used for purposes other than for which it is disclosed herein.
The CSE has neither approved nor disapproved the contents of this press release.
The telecom has been getting crushed after losing subscribers and saying inflation is taking a toll.
Yahoo Finance Live’s Julie Hyman and Brian Sozzi discuss quarterly earnings for ExxonMobil, Chevron, and Occidental Petroleum.
Nio (NYSE: NIO) stock surged this morning and was trading up 6.9% as of 10 a.m. ET. Nio filed its annual report this morning, and there's some good news pouring in from China as well. Although Nio already announced its full-year numbers in March, today's regulatory filing is a reminder to investors about where the company stands.
Rivian's recent stock performance may have burned a hole in many a retail investor portfolio. It's also burned a big hole in Ford, and now Amazon's, quarterly performance.
Wood's flagship Ark Innovation ETF has dropped 48% so far this year amid the slump in technology stocks.
Low rates and high inflation make cash tough to hold. Look here instead.
Shares of Amazon plunged 12% on Friday, marking its biggest intraday drop since July 2014. The drop comes one day after the tech titan reported its first quarterly loss in seven years.
Yahoo Finance's Jared Blikre breaks down Apple's Q2 earnings and revenue beats.
Ark Invest's ace stock picker is catching a falling scalpel, but the prognosis isn't as grim as you think.
A combination of disappointing earnings results, ongoing pressures from Russia's invasion of Ukraine, and a slew of macroeconomic concerns have prompted investors to become even more risk-averse. With bearish momentum gripping the market, some big names have seen their stock prices slashed. Read on for a countdown of the Dow Jones' three worst-performing stocks in April and a look into whether or not these companies are worth investing in right now.
Rivian Automotive (NASDAQ: RIVN) stock is losing ground again in this week's trading. The company's share price was down roughly 4.3% from last week's close ahead of Friday's market open, according to data from S&P Global Market Intelligence. As with many other growth stocks, Rivian's valuation has recently been hit hard due to a combination of macroeconomic and geopolitical pressures.
Carvana (NYSE: CVNA) is trying to give the used car buying process an e-commerce touch, striving for click-to-buy ease, no haggling, and no spending hours at the dealership. Carvana is a rapidly growing company; revenue growth has averaged 103% annually over the past five years. Ideally, a company's revenue grows faster than its expenses, leading to positive free cash flow, cash profits left after operating expenses, and capital investments.
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is arguably the greatest investor of our generation. Since taking the reins as CEO in 1965, the Oracle of Omaha, as he's now known, has created over $740 billion in value for shareholders (himself included), and delivered an aggregate return for the company's Class A shares (BRK.A) of 4,100,820%, as of April 25, 2022. For instance, Buffett has an affinity for cyclical companies and dividend stocks, and has been willing to buy and hold high-quality businesses for decades to allow his investment thesis to shine.
These three stocks have all lost 25% or so of their value over the past year, but the long-term future isn't nearly that dark.
Shares of semiconductor maker Intel (NASDAQ: INTC) were falling this morning after the company reported its first-quarter results. Although Intel beat analysts' consensus estimates for both revenue and earnings, investors were disappointed with its second-quarter guidance. Intel's non-GAAP earnings per share of $0.87 easily beat Wall Street's consensus estimate of $0.80 per share.
Warner Bros. Discovery, Inc. ( NASDAQ:WBD ) shareholders that were waiting for something to happen have been dealt a...
Shares of Novavax Inc. jumped 10.8% in trading on Friday after the Food and Drug Administration announced that an advisory committee is set to meet June 7 to examine the benefits and risks of the company's experimental COVID-19 vaccine. Novavax's protein-based vaccine has been authorized in several countries, including by the U.K. and the European Commission, but is still being reviewed by the FDA. The company's stock has tumbled 65.6% this year, while the broader S&P 500 is down 10.0%.
For instance, Upstart Holdings (NASDAQ: UPST) and Block (NYSE: SQ) have seen their share prices drop 80% and 63%, respectively. For years, banks have built their credit models around Fair Isaac's FICO score, a construct designed to quantify creditworthiness.
Amidst rising inflation, telecom giants AT&T (NYSE: T) and Verizon (NYSE: VZ) are appealing investments. AT&T and Verizon both stand to gain from this burgeoning need for connectivity. AT&T is at an inflection point in its storied history.
Shares of consumer stocks took it on the chin this week as investors grew increasingly concerned that the U.S. economy may be in a recession. According to data provided by S&P Global Market Intelligence, as of market open on Friday, shares of GameStop (NYSE: GME) have fallen 6.3% this week, Chewy (NYSE: CHWY) is down 9.1%, and Bed Bath & Beyond (NASDAQ: BBBY) is down 16.5%. The big data out this week was an initial gross domestic product reading for the U.S. that showed a 1.4% contraction in the economy.