TORONTO, Feb. 12, 2020 (GLOBE NEWSWIRE) — Pure Global Cannabis Inc. (TSX.V:PURE; OTC: PRCNF) (the “Company” or “Pure Global” or “Pure”), an integrated growth-oriented cannabis bulk extracts and consumer products manufacturing company, operating through its wholly-owned subsidiary PureSinse® Inc., a Health Canada Licensed Producer under the Cannabis Act, which also operates under a B2B brand PureCanna Solutions, is very pleased to provide a strategic update on the development of its business. The Company continues to move forward with its goal of becoming a global sector leader focused on manufacturing high quality cannabis flower, extracts, distillates, post-derivative cannabis and cannabidiol (“CBD”) consumer products for the Canadian and international markets. The Company’s key manufacturing hub is based in Brampton, Ontario with joint operations underway for scaled hemp derived CBD manufacturing in Yunnan China.“Following our recently announced successful financings, which included a mortgage re-financing, a second mortgage and a non-brokered private placement, Pure Global is well capitalized and prepared for an exciting year of growth,” said Malay Panchal, CEO & President. “We are now strongly focused on growing our business and building shareholder value by keeping our operations lean while scalable concentrated in areas of highest sales volumes and margins.” 2019 MilestonesPure Global announced a significant number of milestones in 2019. These include:Awarded Health Canadas Sales License for dried flower Q1 2019Launched Cannabinoid Clinical Education Network for physicians Q2 2019Acquired Spark Cannabis Clinic enabling telemedicine and referral revenues Q1 2019Acquired Great Canadian Hemp Company Q2 2019Established Medical Advisory Committee Q2 2019Received Oil Sales License from Health Canada Q3 2019Signed agreement with KMT-Hansa Corp. for large scale hemp manufacturing in China Q3 2019Received License to sell extracts, edibles and topicals Q4 2019Received Health Canada approval to add manufacturing capabilities Q4 2019Received approvals from Health Canada to amend its existing license to add manufacturing capabilities to its already licensed facility in BramptonAdded 10,000 sq. ft. of GMP grade manufacturing space comprising 12 rooms that will be used for cultivation, processing, extraction, and manufacturing finished cannabis and CBD productsCreated B2B brand, PureCanna Solutions Q4 2019Liquidity and Balance SheetIn order to fund the execution of its business plan, Pure Global recently announced several financings that strengthens the Company’s balance sheet and ensures short-term liquidity. These recently announced financings include:Mortgage Re-financing:The mortgages will be secured by Pure’s two industrial warehouses located in Brampton, Ontario, one of which is fully licensed and operational for indoor cultivation, extraction, and processing. The $7,250,000 in mortgages will be apportioned as follow:$5,000,000 to refinance current debt;$932,500 to provide Pure with working capital;$682,500 to be used to create a 12-month interest payment reserve; $250,000 as a holdback for potential building remedial costs;balance to cover fees, transactional and legal costs.Private Placement:The private placement offering will consist of up to 37,500,000 units of the Company to be priced at $0.056 per unit for total proceeds of up to $2,100,000. Each unit will consist of one Common Share and one-half Common Share purchase Warrant. Each Warrant will entitle the holder to purchase one Common Share at $0.1225 within 30 months. Manufacturing UpdatePure recently received an amendment to their existing license from Health Canada to add manufacturing capabilities to its already licensed facility in Brampton. The company has commenced cultivation in traditional indoor hydroponic and final vertical farming method with first harvest expected in Q2 2020. The Company also has capabilities for CO2 supercritical extraction, live resin distillation, and manufacturing of finished branded and white label products for the medical, legal adult, wellness, and CBD markets. The Company recently announced its B2B division, PureCanna Solutions, which offers high quality contract manufacturing, packaging, processing, and tolling services, for which it is currently securing orders for extracts, oils, tinctures, capsules, topicals, vape pens, and soon edibles among other post derivative product manufacturing and distribution.The company has commenced or is about to commence the following:CO2 super critical extraction system 25kg to 50kg monthly output starting Q1 20201 full vertical grow room and 1 traditional hydroponic growing room expected to achieve 150kg per month capacity with first harvest expected Q2 2020 (cultivation commenced Jan 2020)Final testing of proprietary indoor vertical growing system for Phase 2b to add 300kg per month capacity (Q3 2020)Installation of targeted 100+ tons biomass extraction systems CBD isolate manufacturing for Q2 2020 readinessProcessing and packaging lines for vape pens, topicals, dried flower, oils, tinctures, edibles, among other post-derivative products for thousands of unit per day capacity, scalable with demandChina UpdatePure recently entered a joint operating agreement for a large scale cultivation and processing operation in Yunnan, China. With tens of thousands of acres made available to us through local, state, and federal licensing, a unique license to import high quality CBD genetics, Pure plans to produce and distribute large volumes of organic CBD globally, while creating a manufacturing hub in China with KMT. This project is supported and sanctioned through the Government of China which is making development in western provinces a priority by bringing high value crops to the regions as well as significant infrastructure development. Our development partner KMT provides the resources for the development, while Pure manages the operations and sales. Pure brings large scale commercial agricultural technology, manufacturing, and sales expertise, genetics, and an existing Canadian license through which the company will be able to operate under Special Economic Zone tax-free export provisions. We are keeping a close watch on the progress of the corona virus spread which is in the opposite region to where our project is located, and so far has not impacted our project though all travel there have been delayed. The project is progressing on schedule with cultivation expected to commence Q2 2020.Catalysts AheadManufacturing Upgrade – 100+ tons Biomass Extraction – expected Q2 2020First Harvest – Q2 2020CBD Bulk Sales – expected early 2020Launch Great Canadian Hemp Company line of products in Europe and Asia – expected H1 2020China Cultivation Start – expected Q2 2020China Extraction and Isolate sales – expected H2 2020Canada Phase 3 Readiness – expected H2 2020Cash Flow Positivity – expected Q2/Q3 2020Supply and Sales Agreements expected beginning Q1 2020Launch of Additional Branded and Private Label Products expected beginning Q2 2020“We are excited with the increasing momentum we are seeing as we enter this new year with the number of retail locations where cannabis and CBD products can be sold continues to grow month over month. We believe there will be a 10-fold increase in the market size in Canada and internationally for CBD products over the next 24 months and beyond for which we are positioning. We thank everyone for their continued support and patience and look forward to creating significant value for our investors and all our stakeholders over the next year and beyond as we strengthen our team and our presence in the market,” said Malay Panchal, Founder and CEO.About Pure Global CannabisPure Global is an EU-GMP grade cannabis manufacturer focused on producing high-quality high margin branded and white label cannabis and CBD consumer products, premium quality bulk dried flower, full spectrum concentrates, and pre-formulated active ingredients for CPG manufacturers globally. The Company is led by a professional team of experienced pharma, biotechnology, horticultural, extraction, manufacturing and consumer packaged goods experts, and operates through its wholly owned subsidiary, PureSinse® Inc., which is a licensed producer under the Cannabis Act. Pure operates a B2B brand under PureCanna Solutions which is focused on high-margin bulk cannabis extracts, bulk CBD sales, as well as white label, and co-manufacturing services. The Company’s 18,000 square foot Brampton manufacturing campus houses facilities for vertically farmed hydroponic indoor cultivation, R&D, extraction, processing, and packaging. To compete in international markets, Pure Global is the process of deploying a joint operation in Yunnan, China for large scale hemp derived organic bulk CBD manufacturing and processing for international bulk and finished product sale under Special Economic Zone tax-free export provisions. Pure has also launched, or is in the process of launching, several premium branded products in targeted consumer categories into the Canadian legal adult market including PureSinse® Wellness, Paper&Weed Pre-Rolls, Galaxy Cannabis, Kumo Edibles, and PureSinse® Medical, which operates with Pure’s wholly own subsidiary Spark Cannabis Clinic, offering free telemedicine consultation for medical cannabis patients across Canada. Through its recently acquired division, The Great Canadian Hemp Company®, which won Hemp Product Company of the year at the recent 2019 GrowUp Awards, Pure is launching a line of organic hemp oil and CBD topical products, into several markets in Europe and Asia in the first half of 2020. FORWARD-LOOKING STATEMENTSThis news release contains certain forward-looking statements, including, but not limited to, statements about Pure Global’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Pure Global cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Pure Global assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.To register to Pure Global’s mailing list, please visit www.pureglobal.com. Follow @pureglobalcanna on Twitter and Facebook and @pureglobalcannabis on Instagram.SOURCE Pure Global Cannabis Inc.FOR FURTHER INFORMATION:Stephen Pynn – VP Corporate Development
Pure Global Cannabis Inc.
email@example.com Malay (Mel) Panchal – Founder, President & CEO
Pure Global Cannabis Inc.
This Is Why Investors Are Pouring into the Plant-Based Market
The plant-based boom shows no signs of slowing
Houston, Texas–(Newsfile Corp. – September 25, 2020) – That’s especially true with a growing number of health-conscious consumers. With that base, analysts at Meticulous Research say the plant-based food market could be worth $74.2 billion by 2027, growing at a CAGR of 11.9%.
“The growth in this market is mainly attributed to the increasing incidence of intolerance for animal proteins, nutritional benefits offered by plant-based food, increasing vegan population, and venture investments in plant-based food.”
However, it’s not just food being disrupted by a shift to plant-based products.
It’s transforming the health and wellness market, too.
The global vegan cosmetics market could be worth up to $20.8 billion over the next five years, according to Grand View Research. All on the belief that plant-based products are far better for their health, consumers are pushing for natural alternatives.
Better still, health conscious consumers are shifting to cold-pressed juice.
That the market alone could grow by $275.5 million between 2019 and 2023, according to analysts at Technavio. In addition, “Cold-pressed juice is extremely popular, as it contains nutrients known to boost immunity and general health, but it’s not something that a lot of consumers feel comfortable making at home due to the cleanup, time, and expertise required to get the right taste,” said Penny White, CEO of Better Plant Sciences.
Better Plant Sciences (CSE: PLNT) (OTCQB: VEGGF) is a Driving Force
For one the company just announced that its JUSU Bar juices are now available for online order in Victoria through www.jusubaryyj.com for home delivery.
JUSU Bar currently has one retail juice bar location open in Victoria, British Columbia, and is now delivering cold-pressed JUSU juices directly to customers through its eCommerce store. Better Plant has plans to continue expansion of the juice delivery program across Canada and the U.S. over the next year.
“Organic cold-pressed juice is the perfect fuel to help everyone look after their immune systems, and it has never been more important to do so,” said JUSU Founder, Bruce Mullen. “We have no-contact delivery and pickup available to keep our customers safe.”
Two, Better Plant Sciences just signed an eCommerce lease agreement on August 31, 2020 to take over the day-to-day sales of all Jusu Life and Jusu Body products. The eCommerce lease agreement, along with an inventory purchase, will allow Better Plant to book revenues from all eCommerce and wholesale sales of over 200 JUSU plant-based products for body, baby and home as of September 1, 2020.
“Since the 2017 acquisition of a large plant-based formula library, to the recently announced agreement to acquire JUSU Bar and all JUSU plant-based products, this aligns with our plans to build out our plant-based catalogue and sales,” says CEO Penny White.
And three, Better Plant Sciences just submitted a Natural Health Product application for Ayurveda skin ointment to help combat infectious diseases to Health Canada.
For more information, visit the company’s website at https://betterplantsciences.com
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media and Better Plant Sciences Inc., Winning Media has been paid two thousand dollars for advertising and marketing services for Better Plant Sciences Inc. We own ZERO shares of Better Plant Sciences Inc. Please click here for full disclaimer.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64647
Vitalis places No. 3 on The Globe and Mail’s second-annual ranking of Canada’s Top Growing Companies
KELOWNA, British Columbia, Sept. 25, 2020 (GLOBE NEWSWIRE) — Vitalis Extraction Technology, Inc. (Vitalis) is pleased to announce it has placed No. 3 on the Globe and Mail’s 2020 Report on Business ranking of Canada’s Top Growing Companies.
Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Vitalis earned its spot with a three-year growth of 8,090 per cent.
Vitalis is a world-class manufacturer of industrial-scale supercritical CO2 extraction systems for a broad range of industries, turning their organic materials into pure extracts. Vitalis builds for the future and continues to raise the bar for safety, service and performance to serve its diverse customer base that includes producers of cannabis, hemp, pharmaceuticals, F&B and essential oils.
“What an honour it is to be recognized on this list of great Canadian companies. It is truly a testament to our team and technological innovations, coupled with the trust of our industry-leading clients that has fueled our global growth from our proudly Canadian roots,” said Joel Sherlock, co-founder and chairman of Vitalis. “Vitalis was born on the premise of partnership – we believe that combining a customer-first approach with industry-leading innovation helps drive our clients’ success, which in turn propels our own business. This belief drove our decision to build components in-house, from the initial fabrication of raw steel and customized control systems to live on-site installation and training. We stand firmly behind the quality of every system. We’re proud to reach this milestone as we approach our 5th birthday, and excited to maintain this momentum of growth moving forward with our sights set on new products and new markets.”
Launched in 2019, the Canada’s Top Growing Companies editorial ranking aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent businesses in Canada. It is a voluntary program; companies had to complete an in-depth application process in order to qualify. In total, 400 companies earned a spot on this year’s ranking.
“The stories of Canada’s Top Growing Companies are worth telling at any time but are especially relevant in the wake of COVID-19 pandemic,” says James Cowan, Editor of Report on Business magazine. “As businesses work to rebuild the economy, their resilience and innovation make for essential reading.”
“Any business leader seeking inspiration should look no further than the 400 businesses on this year’s Report on Business ranking of Canada’s Top Growing Companies,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “Their growth helps to make Canada a better place, and we are proud to bring their stories to our readers.”
About The Globe and Mail
The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in print or digital formats, and Report on Business magazine reaches 2.1 million readers in print and digital every issue. The Globe and Mail’s investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.
Vitalis Extraction Technology Inc. (Vitalis) is a privately-owned, Kelowna BC -based engineering and manufacturing company, producing industrial supercritical CO2 extraction systems for the cannabis, hemp, pharmaceuticals, F&B and essential oil industries. The company’s core focus on innovation and design has vaulted it to the forefront of the market. Renowned for their reliability, scalability, and continuous operation, Vitalis systems are euGMP-compliant and carry the latest certifications, including the American Society of Mechanical Engineers (ASME), National Board (NB), Canadian Standard Association (CSA/CRN), and European Conformity (CE/PED). Vitalis is one of only a few Original Equipment Manufacturers in the space, with operations in Canada, Australia, USA, Columbia, Denmark, United Kingdom, and Serbia as well as in-country support centers spread across the globe. Visit https://vitaliset.com for more information.
For media inquiries, please contact:
Brookline Public Relations, Inc.
Red Light Holland’s iMicrodose Packs Are Now Available For Purchase In Stores and Online In The Netherlands Plus Launch Event and Global Livestream Update
Toronto, Ontario–(Newsfile Corp. – September 25, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC: TRUFF) (“Red Light Holland” or the “Company“), an Ontario-based corporation positioning itself to engage in the production, growth and sale of its brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to announce their iMicrodose Packs (“iMicrodose Packs“) powered by Red Light Holland are now available in stores and online for purchase in the Netherlands. Red Light Holland would also like to update the time for their launch event of iMicrodose (the “iMicrodose Launch Event“), Microdosing Packs, in the Netherlands from 5-8pm (CEST) today (Friday, September 25th, 2020) with a global livestream starting at approximately 6:30pm and ending around 7:00pm (CEST) / 12:30-1:00pm (EST). The Global Livestream will be made available at: glsr.live/iMicrodose and/or www.RedLightTruffles.com
“We are so proud. Our small team, including our President Hans Derix, have all worked extremely hard to get us to this momentous day for the company. Seriously, this is truly a magical day. On May 28th, I went on record saying Red Light Holland would aim to have product on shelves by the end of Q3, 2020. We have delivered and achieved that goal,” said Todd Shapiro, Chief Executive Officer and Director of the Company. “Today, from 5-8pm (CEST) at our iMicrodose Launch Event we will celebrate this first big win, but we recognize it’s just an initial step in our overall business plan and ultimate growth strategy in both building a responsible use recreational brand while continuing to develop our Science and Innovation division.”
Pictured: iMicrodose Packs powered by Red Light Holland
To view an enhanced version of this graphic, please visit:
Red Light Holland’s iMicrodose Packs are now available for purchase in The Netherlands (18+) at www.iMicrodose.nl and currently at the following locations: (i) two Tatanka locations (ii) the Headshop and (iii) plus Tatanka’s website at www.tatanka.nl
Update: The iMicrodose Launch Event time has been updated and will be held today Friday, September 25th, 2020, in Amsterdam at the A’DAM the Loft from 5-8 p.m (CEST) for press, artists, thought-leaders, successful entrepreneurs, local celebrities, and social media influencers. The event will feature a global live stream presentation at approximately 6:30pm (CEST) by CEO Todd Shapiro, as well as President Hans Derix and will feature local live artists and DJs including Manuel Broekman, Geza Weisz, Loes van Delft, Amanda van Effrink, aka #GLITZIEGAL and Daan Noppen.
About Red Light Holland Corp.
The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal, recreational market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
For additional information on the Company:
Neither the Canadian Securities Exchange (the “CSE”) nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward- looking statements contained herein include, but are not limited to, information the timing and other aspects of the iMicrodose Launch Event, including anticipated guests. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward- looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. In particular, there is no guarantee that iMicrodose Launch Event will occur on September 25, 2020, or at all. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
Not for distribution to United States newswire services or for dissemination in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64632
Cannabis4 weeks ago
3 Rivers Biotech to Establish Genetic Fingerprinting and Pathogen Testing Lab
Cannabis3 weeks ago
Rapid Screening Tests Are Still Struggling to Keep up with Demand
Cannabis4 weeks ago
DGDM’s Disruptive Pesticide Product Targeted to MJ Growers Passes Testing Trials During Pre-EPA Certification Period
Cannabis2 weeks ago
DGDM Provides Further Analysis of Specific Trial Testing Results of Its Disruptive Pesticide Product Targeted at MJ Growers
Cannabis1 week ago
Sixth Wave Innovations Announces Collaborative “Green” Test Initiatives with Mining and Process Solutions (Australia)
Cannabis3 weeks ago
Fernhill Beverage Branches Out for Success!
Cannabis3 weeks ago
MediPharm Labs Enters Growing Latin American Medical Cannabis Market; Enters Supply Agreement With Cann Farm Peru
Cannabis2 weeks ago
Monument Health Chooses Nuance Dragon Ambient eXperience to Transform Physician-Patient Encounters with Ambient Clinical Intelligence