Pure Extract Technologies Awarded Standard Processing License by Health Canada, Eyes Expansion Plans

• The license will enable the Company to produce, sell cannabis & hemp products to other Licenced Producers in its purpose-built facility located near Whistler, Canada
• Canada’s ability to export worldwide coupled with Company’s EU-GMP compliant facility makes Pure Extracts a natural partner for companies involved within international distribution

Pure Extract Technologies, a privately held British Columbia-domiciled plant extraction company, announced that it had been awarded a Standard Processing Licence by Health Canada under the Cannabis Act, following an extensive and meticulous five-month application and vetting process (https://nnw.fm/HuykA).

Pure Extracts achieved this licensing milestone in spite of the operational hurdles and constraints posed by the ongoing COVID-19 pandemic and has reiterated its confidence that its operational plan, coupled with the Company’s intense focus on employee safety, will allow for normal business practices to be conducted in a safe and efficient manner.

Furthermore, following the award of the Health Canada license, Pure Extracts will now proceed with application to Health Canada for a Natural Health Products Site Licence at its purpose-built extraction facility while adhering to EU Good Manufacturing Practices (“GMP”), which in turn will help ensure that its full spectrum oil (“FSO”) will be extracted to the highest possible quality.

“We are thrilled to be commencing production in our new, EU-GMP compliant, purpose-built facility and are confident that our state-of-the-art extraction and processing equipment will produce the highest-quality cannabis and hemp-derived oil available on the market,” stated Pure Extract Technologies founder and COO Doug Benville following the Health Canada license approval.

With consumer demand for edibles and infused beverages continuing to accelerate, Canadian cultivators have responded to the growth in demand by increasing the quantity of outdoor-grown biomass, which will be readily available for extraction this fall. Pure Extracts in turn has reacted to the forthcoming increase in demand by increasing its workforce, expecting to expand to 14-16 individuals by the end of 2020.

“Pure Extracts plans to position itself as an extraction industry leader in terms of its Full Spectrum Oil FSO quality,” notes CEO Ben Nikolaevsky. “We can’t wait to show our LP partners the incredible quality extracted oil that we can produce, be it for medicinal or recreational usage. Our standards are high, as you would expect from an EU-GMP compliant producer with an exceptionally experienced team. The dedication and determination our team displayed over the last two years has been exemplary.”

For more information, visit the company’s website at www.PureExtractsCorp.com.

NOTE TO INVESTORS: The latest news and updates relating to Pure Extract Technologies are available in the company’s newsroom at http://nnw.fm/Pure

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