- Business
- Pure Global Cannabis Inc. (PRCNF) is a Canada-based life sciences cannabis company that manufactures branded and white label cannabis and cannabidiol (CBD) consumer products; bulk dried flower; full spectrum concentrates; and pre-formulated active ingredients for consumer packaged goods manufacturers. The company operates its business-to-business brand PureCanna Solutions, which provides high-margin bulk cannabis extracts, bulk CBD sales, white label products, and manufacturing services; it also offers dried flowers, cannabis oils, soft gels and capsules, clones, and sprays for medical, pharmaceutical, wellness, health and beauty, natural health, food and beverage, and recreational legal markets under brands including PureSinse, SPARK Medical Cannabis clinics, and The Great Canadian Hemp Company. Headquartered in Toronto, Ontario, at 418-2095 Lake Shore Boulevard West, the company focuses on vertically integrated operations primarily in Canada with interests in global medical and recreational cannabis markets.
Recent developments include a 2020 reverse takeover transaction with PureSinse Inc., which expanded its production capabilities, and the closure of an acquisition of The Great Canadian Hemp Company (GCHC) paired with a global distribution deal to broaden market reach. In 2020, the company entered a binding agreement to acquire a 60% stake in Avicanna's Colombian subsidiary Savita Nativa, S.A.S., with an option for full ownership, signaling strategic expansion into Latin America. These moves follow earlier receivership proceedings in 2020 involving certain subsidiaries and assets, after which the company restructured under new ownership transactions.