Pure Extracts Technologies Corp.

Pure Extracts Technologies Corp.

PRXTF
Pure Extracts Technologies Corp.US flagOther OTC
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885,394.00Market Cap
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Ben Nikolaevsky
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Address
7341 Industrial Way Pemberton BC Canada V0N 2K0
IPO Date
Jan 8, 2021
Business
Pure Extracts Technologies Corp. engages in the extraction and processing of cannabis, hemp, and functional mushrooms to produce oils and derivative products primarily in Canada. The company provides toll processing and white-label services to licensed producers; full-spectrum THC- and CBD-based extracted oils; branded products under Pure Pulls including vape pens, edibles, and cured resin vape carts; functional wellness items via Pure Mushrooms incorporating mushroom extracts; and conducts research into psilocybin-based active treatments and psychedelic medical products. Pure Extracts Technologies operates through segments including Cannabis and Hemp, Functional Wellness, and Head Office, with subsidiaries such as Pure Extracts Manufacturing Corp., Pure Mushrooms Corp., and Pure USA; it holds a Standard Processing License from Health Canada and maintains a CO2 extraction facility built to European Union GMP standards in Pemberton, British Columbia, Canada, where it was incorporated in 2006. Recent developments include the completion of a special warrants private placement raising gross proceeds of $8.5 million in 2025 to fund extraction capacity expansion, general working capital, and research into psilocybin formulations under the Toronto Institute of Pharmaceutical Technology; construction of a dedicated research and development unit for psilocybin and functional mushrooms within its 10,000 square foot facility; and receipt of purchase orders for new cured resin vape cart listings from the Ontario Cannabis Store.

Company News

APIChat
  • Pure Extracts Commencing Build-Out of Extraction Facility in Michigan

  • Pure Extracts and Psyence Group Form Joint Venture for Psychedelic Medicinal Mushroom Extracts

  • Pure Extracts Ships Initial Order of Edible Gummies to Alberta

  • Pure Extracts Ships Initial Vape Cartridge Order to the Ontario Cannabis Store

  • Pure Extracts Ships Initial Vape and Edible Order to Private Saskatchewan Cannabis Distributor

  • Pure Extracts to host live Webcast to discuss the signing of the Definitive Agreement for the Michigan extraction JV and to provide a business update

  • Pure Extracts and Grown Rogue form Joint Venture to Expand Product Offering in Michigan

  • Pure Extracts Ships Initial Vape Cart Order to BC Liquor Distribution Branch

  • Pure Extracts Ships Initial Edible Cannabis Gummies Order to British Columbia

  • Pure Extracts Receives Sales Licence from Health Canada

  • Pure Extracts Submits Natural Health Product Licence Application for Class 3 Lion's Mane Functional Mushroom Product

  • Pure Extracts Signs White Label Agreement with British Columbia-Based Green Light Solutions

  • Pure Extracts Signs Purchase Order with Private Saskatchewan Cannabis Distributor

  • Pure Extracts Submits Natural Health Product Licence Application for Blended Functional Mushroom Product

  • Pure Extracts Receives Vape Cartridges Purchase Order from British Columbia Liquor Distribution Branch (LDB)

  • Pure Extracts Signs White Label Agreement with British Columbia-Based FLO Brands

  • Pure Extracts Signs Tolling Agreement for 500 kgs of CBD Rich Hemp

  • Pure Extracts Commences Initial Production Run of 50,000 Gummie Packs for Provincial Distribution

  • REPEAT -- Pure Extracts to Enter US Market through JV in Michigan

  • Pure Extracts to Enter US Market through JV in Michigan