- PULL secures edible cannabis gummies order from British Columbia Liquor Distribution Branch
- PULL’s cannabis gummies produced in blister packs using proprietary manufacturing system licensed from US-based Taste-T, LLC
- SKUs include 10 mg THC options in Fire Burst, Strawberry, and Mango flavors, three additional non-THC SKUs currently in development
- Global CBD gummies market estimated at $1.6 billion in 2020, 30.7% CAGR from 2021 to 2028
Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp and the rapidly emerging psychedelic sector, recently secured an initial purchase order through subsidiary Pure Extracts Manufacturing Corp., from the British Columbia Liquor Distribution Branch (“LDB”) for its edible cannabis gummies (https://ibn.fm/xQwPw). Packaged in convenient blister packs, the products use a proprietary manufacturing system licensed from US-based Taste-T, LLC, with 10 mg THC options that include Fire Burst, Strawberry, and Mango flavors.
“The edible gummie business is a material revenue producer for Pure Extracts,” said Pure Extracts CEO Ben Nikolaevsky. “We are excited to have received our first purchase order for Fire Burst cinnamon flavored gummies from the wholesaler serving our home province of British Columbia, the LDB, adding them to our provincial distribution and look forward to a successful long-term relationship that leads to a satisfied customer base. With our proprietary manufacturing and packaging machine and our high-quality cannabis extracts, we have created the type of exceptional gummie products that consumers now demand.”
Consumer demand for PULL’s Pure Chews branded THC and CBD gummies is strong and continues to grow throughout provincial markets. The Company anticipates that its Fire Burst flavor, like its US counterpart, Taste-T’s, Fireball Cinnamon, will become a best seller across Canada. The global gummies market has experienced staggering growth among consumers wishing to experience the benefits of CBD (https://ibn.fm/itTZJ) without the negative effects of smoking flowers or using vaping devices.
Grandview Research valued the global CBD gummies market at $1.6 billion in 2020 and estimates a CAGR of 30.7% from 2021 to 2028 (https://ibn.fm/ucnPy). Pure Extracts expects sales from their initial production run of 50,000 packs to reach $200,000 in revenue from sales in British Columbia, Alberta, Saskatchewan and Ontario, and plans to launch additional non-THC SKUs with varying levels of ultra-high potency CBD in the near future (https://ibn.fm/WQouF).
“We plan to replicate the success that our licensing partner, Taste-T, is experiencing in US states including Nevada, Massachusetts, Michigan and Oklahoma,” said Nikolaevsky. “Our exceptionally pure products are in high demand and we have a range in potencies and flavors that consumers will certainly enjoy.”
Based in Pemberton, British Columbia, Pure Extracts engages in cannabis toll processing, production of private label THC and CBD-based cannabis products, functional mushroom supplement production and sales, white labeling, and recent developmental activities into the psychedelic mushrooms sector. The Company’s extraction facility is built to European Union GMP standards to secure EU GMP certification for exports to European countries where their products are legal.
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://ibn.fm/PULL
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