View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsPure Extracts Technologies 과거 순이익 실적과거 기준 점검 0/6Pure Extracts Technologies은 연평균 37.9%의 비율로 수입이 증가해 온 반면, Pharmaceuticals 산업은 연평균 23.4%의 비율로 증가했습니다. 매출은 연평균 157.2%의 비율로 증가했습니다.핵심 정보37.88%순이익 성장률44.24%주당순이익(EPS) 성장률Pharmaceuticals 산업 성장률23.06%매출 성장률157.16%자기자본이익률n/a순이익률-163.85%최근 순이익 업데이트31 Mar 2023최근 과거 실적 업데이트Reported Earnings • Mar 04Second quarter 2023 earnings released: CA$0.009 loss per share (vs CA$0.01 loss in 2Q 2022)Second quarter 2023 results: CA$0.009 loss per share. Revenue: CA$564.4k (up 43% from 2Q 2022). Net loss: CA$1.06m (loss widened 7.6% from 2Q 2022).Reported Earnings • Dec 01First quarter 2023 earnings released: CA$0.008 loss per share (vs CA$0.014 loss in 1Q 2022)First quarter 2023 results: CA$0.008 loss per share (improved from CA$0.014 loss in 1Q 2022). Revenue: CA$816.3k (up 186% from 1Q 2022). Net loss: CA$864.4k (loss narrowed 41% from 1Q 2022).모든 업데이트 보기Recent updates공시 • Aug 30Pure Extracts Technologies Corp. Announces Board and Secretary ChangesPure Extracts Technologies Corp. announced that Yana Popova has tendered her resignation as Corporate Secretary and a director of the Company and Sean Bromley has tendered his resignation as a director of the Company, effective 29 August 2023.공시 • Aug 29Pure Extracts Technologies Corp. Announces Resignation of Yana Popova as Chief Financial OfficerPure Extracts Technologies Corp. announced that Yana Popova has tendered her resignation as Chief Financial Officer.Reported Earnings • Mar 04Second quarter 2023 earnings released: CA$0.009 loss per share (vs CA$0.01 loss in 2Q 2022)Second quarter 2023 results: CA$0.009 loss per share. Revenue: CA$564.4k (up 43% from 2Q 2022). Net loss: CA$1.06m (loss widened 7.6% from 2Q 2022).Reported Earnings • Dec 01First quarter 2023 earnings released: CA$0.008 loss per share (vs CA$0.014 loss in 1Q 2022)First quarter 2023 results: CA$0.008 loss per share (improved from CA$0.014 loss in 1Q 2022). Revenue: CA$816.3k (up 186% from 1Q 2022). Net loss: CA$864.4k (loss narrowed 41% from 1Q 2022).공시 • Nov 17Pure Extracts Receives Approval from Manitoba Liquor & Lotteries to List Pure Pulls Vapes and Pure Chews EdiblesPure Extracts Technologies Corp. announced that its wholly-owned subsidiary, Pure Extracts Manufacturing Corp., has received approval from Manitoba Liquor & Lotteries to list 9 SKUs in the their product catalogue. This will allow all the licensed retailers in Manitoba to order and purchase these products through Manitoba Liquor & Lotteries and deliver directly from Pure Extracts. The approved listings include 6 Pure Pulls™ branded vape cartridges (4 unique Full Spectrum Oil vape carts, the high THC 9 Pound Hammer vape cart and the Durga Mata Cured Resin vape cart) and 3 Pure Chews™ edible gummies (2 CBD edible gummies and 1 THC edible gummie). All Pure Chews™ are sold in a Pure Extracts’ unique blister packaging offering convenience and guaranteeing freshness.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Dwight Duncan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Dwight Duncan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Mar 10Pure Extracts Technologies Corp. announced that it has received CAD 0.445275 million in fundingPure Extracts Technologies Corp. announced non-brokered private placement of 5,937,001 special warrants at a price of CAD 0.075 per warrant for gross proceeds of CAD 445,275 to accredited investors on March 8, 2022. The special warrants will convert into units upon the earlier of the receipt for a final prospectus qualifying the distribution of the units or four months and a day from the final closing date of the transaction. Each unit will consist of one common share and one common share warrant, with each whole warrant is exercisable at CAD 0.15 per share for a period of 24 months following the deemed exercise date of the warrants. A finder’s fees of CAD 14,169 cash and 188,930 finder’s warrants were paid and issued in conjunction with the transaction. Each finder’s warrant entitles the holder thereof to purchase one common share of the company at an exercise price of CAD 0.15 per finder’s warrant share until March 7, 2024. All securities issued under the transaction will be subject to a statutory 4-month plus one day hold period, which expires on July 8, 2022, in accordance with applicable Canadian securities laws. Three insiders of the company subscribed for a total of 656,666 special warrants in connection with the transaction.Recent Insider Transactions • Feb 06Founder recently sold CA$51k worth of stockOn the 2nd of February, Doug Benville sold around 649k shares on-market at roughly CA$0.079 per share. This was the largest sale by an insider in the last 3 months. Doug has been a seller over the last 12 months, reducing personal holdings by CA$175k.공시 • Jun 04Pure Extracts Commences Production of 1 Gram FSO Vape Cartridges in Preparation for Retail Distribution and RevenuePure Extracts Technologies Corp. a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has developed and is in production of innovative 1 gram, full spectrum oil, vape cartridges for the Canadian retail market. With a trend towards larger cartridges as consumer preferences mature, demand for Pure Extracts’ Pure Pulls branded vape carts is strong within the provincial markets as this product also offers exceptional value to the consumer while generating high margins for the Company. The cartridges will be filled with a selection of some of the Company’s 30+ proprietary cannabis FSO formulations including Super Lemon Haze, Grand Daddy Purple and GSK. These 510 vape cartridges are produced by a global manufacturer and adhere to the highest North American test standards. They were specifically chosen for the quality of their component parts, their fit and finish and their performance characteristics when paired with Pure Extracts’ oil concentrates.Recent Insider Transactions • May 09CEO & Director recently sold CA$63k worth of stockOn the 7th of May, Ben Nikolaevsky sold around 200k shares on-market at roughly CA$0.31 per share. This was the largest sale by an insider in the last 3 months. This was Ben's only on-market trade for the last 12 months.공시 • Mar 12Pure Extracts Technologies Corp. Sells First Shipment of Cannabis Oil Extracts to German Pharma CompanyPure Extracts Technologies Corp. announced that it has sold its first batch of cannabis oil extracts to a German pharmaceutical company. Pure Extracts purchased Canadian grown, EU-GMP certified, dry cannabis flower and extracted it into 65% pure THC full spectrum oil (FSO) and into 85% pure THC distillate. These extracts will be furthered processed in Germany into an ultra-pure form of THC for medicinal purposes. This initial sale will pave the way for longer term supply agreements into Germany, Europe's most important market and the Company plans to continue seeking export opportunities for its products in other European countries wherever they can be legally sold.공시 • Mar 11Pure Extracts Technologies Corp. and ShroomBloom Labs Sign Psychedelic Mushroom Supply Letter of IntentPure Extracts Technologies Corp. announced that it has signed a Letter of Intent (LOI) with ShroomBloom Labs/Floja Bioscience Inc. to enter into an agreement for the supply of psychedelic mushroom biomass. Under the terms of the LOI, Pure Extracts would get preferential access to ShroomBloom’s crop of psychedelic mushrooms and would get most favoured nation pricing. The LOI is subject to both ShroomBloom and Pure Extracts holding Dealer's Licences under the Controlled Drugs and Substances Act (CDSA).공시 • Mar 04Pure Extracts Technologies Corp. Submits Dealer’s Licence Application to Health CanadaPure Extracts Technologies Corp. announced that its wholly owned subsidiary, Pure Mushrooms Corp., has submitted an application to Health Canada for a Dealer’s Licence under the Controlled Drugs and Substances Act (CDSA). The CDSA and its Regulations provide, among other things, the framework for legal access to controlled substances, and the control and regulation of production, distribution, and sale. One of Health Canada’s responsibilities is to provide the licensing and oversight framework for the legal production of controlled substances. Under this framework, a company is required to obtain a licence issued by Health Canada in order to conduct various activities with controlled substances. Licence holders are responsible for compliance with the CDSA and its Regulations as well as compliance with other applicable federal, provincial, and territorial legislation and municipal by-laws. The issued licence dictates activities, conditions, and restrictions for the licence holder depending on licence permissions. A Dealer’s Licence could allow for the following activities: Procurement of controlled substances, including by import, synthesis, propagation, cultivation and harvesting of psychedelic mushrooms for psilocybin extraction Research and manufacture of controlled substances such as psilocybin and psilocin Business-to-business sale of controlled substances, including by export Sale of controlled substance via pharmacies.공시 • Feb 28Pure Extracts Submits Application to Health Canada for Sales LicensePure Extracts Technologies Corp. announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has submitted an application to Health Canada to amend its license to permit the sale of cannabis extract products to provincially authorized distributors and retailers nationwide. The Company recently announced a distribution agreement with large Canadian Licensed Producer to distribute Pure Extracts' vape and edible products through their established provincial distribution channels and thus, Pure Extracts expects to have significant sales momentum for its `Pure Pulls' and `Pure Chews' branded products by the time the Company receives its sales licence amendment from Health Canada. Pure Extracts is continuing to develop its portfolio of cannabis 2.0 products with emphasis on its 34 proprietary formulations of `Pure Pulls' branded full spectrum oil (FSO) vape products and on its new line of `Pure Chews' edible gummies being produced under licence from Taste-T, LLC, the manufacturer of Fireball cannabis gummies.공시 • Feb 25Pure Extracts Technologies Corp. Submits Multiple SKUs to Health Canada for ApprovalPure Extracts Technologies Corp. announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp.’s distribution partner has submitted a Notice of New Cannabis Product (“NNCP”) application to Health Canada on behalf of the company seeking approval for its retail cannabis products including cannabis extracts and edible cannabis. The company submitted over 20 Stock Keeping Unit (SKU) product identifiers for approval including THC vapes, CBD vapes, 1:1 blended vapes, and 3 different flavours/formulations of gummies. The company plans to launch these products under its ‘Pure Pulls Vapes’ and ‘Pure Chews Gummies’ branded product lines and is looking forward to having them listed for sale with provincially authorized distributors and retailers nationwide. Pure Extracts is continuing to develop its portfolio of cannabis 2.0 products with emphasis on its 34 proprietary formulations of ‘Pure Pulls’ branded full spectrum oil (FSO) vape products and on its new line of ‘Pure Chews’ edible gummies manufactured under license from Taste-T, LLC, the manufacturer of Fireball cannabis gummies.공시 • Feb 18+ 1 more updatePure Extracts Technologies Corp. and Canada House Wellness Group Sign Agreement to Distribute Concentrate Products Through Existing Provincial Distribution ChannelsPure Extracts Technologies Corp. and Canada House Wellness Group announced that they have entered into a Cannabis 2.0 distribution agreement (the "Agreement"). Under the terms of the Agreement, Canada House's wholly owned subsidiary, Abba Medix Corp. ("Abba"), will distribute Pure Extracts' line of concentrate products through its established provincial distribution channels.Is New 90 Day High Low • Feb 16New 90-day high: CA$0.81The company is up 40% from its price of CA$0.58 on 18 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Pharmaceuticals industry, which is up 75% over the same period.공시 • Feb 16Pure Extracts Agrees to Licensing Deal with Taste-T, LLC for Fireball Cannabis GummiesPure Extracts Technologies Corp. announced its licensing deal with U.S. based Taste-T, LLC. Pure Extracts has signed an agreement with exclusive rights for Canada and first rights to other countries around the world. Included in the agreement is the delivery to Pure Extracts’ British Columbia facility of one of Taste-T’s custom built gummie manufacturing machines, certified to Canadian standards. Pure Extracts will be selling these products in a Health Canada compliant format in licensed dispensaries throughout Canada under their ‘Pure Chews’ brand of edible products.공시 • Feb 10Pure Extracts Technologies Corp. Announces its First Commercial Sale of CBD Oil on the Wholesale MarketPure Extracts Technologies Corp. announced that it recently contracted its first commercial sale of CBD oil. Pure Extracts is preparing to deliver the first of what it believes will be multiple shipments this year of its 85% pure CBD distillate under this contract. The Company’s high purity distillate is ideally suited for use in most cannabis 2.0 products including edibles, vape pens and beverages. Pure Extracts uses its sub-critical/super-critical CO2 extraction system to create exceptionally pure THC and CBD full spectrum oil and distillate in order to meet the rigorous demands of its customers.공시 • Jan 26Pure Extracts Enters into Biomass Purchase Agreements to Support Oil Extract ProductionPure Extracts Technologies Corp. announced that it has entered into its first substantial biomass purchase agreements in order to scale-up its production of both THC and CBD extracts. The Company has recently agreed to purchase 220 kgs of high potency THC cannabis dried flower from a large, Canadian Licenced Producer and it has also agreed to purchase 1,000 kgs of high potency CBD biomass from a top, Western Canada, cultivator. With biomass prices touching new lows, the Company believes that the timing was right for its first strategic purchases, which will drive revenue growth in First Quarter 2021. The cannabis will be used to produce full spectrum (FSO) THC oil with a minimum purity of 67% and distillate with a minimum purity of 86%. The hemp will be used to produce full spectrum (FSO) CBD oil with a minimum purity of 66% and distillate with a minimum purity of 85%. From these 2 biomass purchases alone, the Company will be able to produce approximately 70 kgs of CBD distillate and 25 kgs of THC distillate. At current wholesale prices of $6,000/kg and $6,800/kg respectively, this biomass could lead to $590,000 in near term sales revenue.공시 • Jan 22Pure Extracts Technologies Corp. announced that it has received CAD 8.534633 million in fundingOn January 21 2021, Pure Extracts Technologies Corp. (CNSX:PULL) closed the transaction. The company issued 16,900,263 special warrants for gross proceeds of CAD 8,534,632.81 in the transaction. The company issued 10,839,230 special warrants for gross proceeds of CAD 5,473,811.14 in its second tranche. The company paid finder fee of CAD 139,501.41 and 395,817 finder's warrants in its final tranche. Each Finder's Warrant entitles the holder thereof to purchase one common share of the company at an exercise price of CAD 0.65 per finder's warrant share until January 20, 2023.공시 • Jan 14Pure Extracts Technologies Corp. Delineates Study on Psilocybin Oral Tablets, Capsules and Nasal GelPure Extracts Technologies Corp. announced that it has delineated the timetable and milestones for its study on the formulation and manufacturing of psilocybin based active treatments for oral tablets, capsules and a nasal gel that will be used as an investigational product. The study with be conducted at the Toronto Institute of Pharmaceutical Technology by Dr. Alexander MacGregor, a key scientific advisor to the Company. The study will focus on formulating, manufacturing and clinical bioavailability testing of rapid onset psilocybin dosage forms that could be used in future efficacy clinical trials by both Pure Extracts and its pharmaceutical customers. Clinical batch manufacturing, packaging and labelling are all included in the study as is conformity testing and stability testing (including both long-term and accelerated). The study will conform to both Canadian Good Manufacturing Practice and Good Clinical Practice standards. The key milestones in the 250-day timeline for the study on psilocybin immediate release tablets and nasal gel include the following: Sourcing and procurement of medicinal ingredients, excipients & packaging materials, Raw Material Testing, Formulation and Manufacturing Process Development, Stability Testing, Clinical Batch Manufacturing, Quality Control Release Testing and Shipping of Clinical Batches to CRO.공시 • Dec 30Pure Extracts Commences Study on Psilocybin Oral Tablets, Capsules and Nasal GelPure Extracts Technologies Corp. announced that it is commencing a study on the formulation and manufacturing of psilocybin based active treatments for oral tablets, capsules and a nasal gel that will be used as an investigational product. The study with be conducted at the Toronto Institute of Pharmaceutical Technology (TIPT) by Dr. Alexander MacGregor, a key scientific advisor to the Company. The study will focus on formulating, manufacturing and clinical bioavailability testing of rapid onset psilocybin dosage forms that could be used in future efficacy clinical trials by both Pure Extracts and its pharmaceutical customers. Clinical batch manufacturing, packaging and labelling are all included in the study as is conformity testing and stability testing (including both long-term and accelerated). The study will conform to both Canadian Good Manufacturing Practice (GMP) and Good Clinical Practice (GCP) standards.공시 • Dec 17Pure Extracts Technologies Corp. Commences Build-Out of Facility in Preparation for Mushroom Extraction and Dealer's LicencePure Extracts Technologies Corp. announced that it has begun to build-out the 4th unit in its facility for the extraction of mushrooms and to commence research and development of psilocybin under a Dealer's Licence. The company is preparing an application to Health Canada for a Dealer's Licence under the Controlled Drugs and Substances Act which provides, among other things, the framework for legal access to controlled substances, and the control and regulation of production, distribution and sale of psilocybin. Under this framework, a company is required to obtain a licence issued by Health Canada in order to conduct various activities with controlled substances. Licence holders are responsible for compliance with the CDSA and its Regulations as well as compliance with other applicable federal, provincial and territorial legislation and municipal by-laws. The issued licence dictates activities, conditions, and restrictions for the licence holder depending on licence permissions. A Dealer’s Licence could allow for the following activities: Procurement of controlled substances, including by import, synthesis, propagation, cultivation and harvesting of psychedelic mushrooms for psilocybin extraction; Research and manufacture of controlled substances such as psilocybin and psilocin; Business to business sale of controlled substances, including by export; Sale of controlled substance via pharmacies. Submission of the company’s dealer’s license application is subject to compliance with applicable securities laws, including any necessary approvals by the CSE.공시 • Dec 15Pure Extracts Applauds Health Canada SAP for Psilocybin-Assisted Psychotherapy InclusionPure Extracts Technologies Corp. announced to support Health Canada’s proposed intent to revise the Special Access Programme (SAP) and related regulations to permit certain authorized uses of psilocybin-assisted psychotherapeutic treatments. The intended SAP revision, announced on December 11th, could lead to important new medical applications, particularly in the complex and growing mental health sector. Health Canada’s announcement could act as a milestone achievement driving advanced research initiatives forward. This includes several ongoing clinical trials that consistently indicate breakthrough therapy potential of psilocybin-assisted psychotherapy for a number of mental health patients suffering from conditions where conventional therapies have failed or have proven unsuitable. The proposed SAP update emphasizes the strategic importance of Pure Extracts engagement of a globally recognized operations, compliance, and regulatory consulting firm to advise on the Company’s application to Health Canada for a Dealers Licence under the Controlled Drugs and Substances Act (CDSA). The CDSA and its Regulations provide the framework for legal access to controlled substances, and the control and regulation of production, distribution, and sale. One of Health Canada’s responsibilities is to provide the licensing and oversight framework for the legal production of controlled substances. Upon acceptance, a Dealer’s License could allow Pure Extracts to engage in the following activities: Procurement of controlled substances, including by import, synthesis, propagation, cultivation and harvesting of psychedelic mushrooms for psilocybin extraction; Research and manufacture of controlled substances such as psilocybin and psilocin; Business to business sale of controlled substances, including by export; Sale of controlled substance via pharmacies Expanding upon the strategic importance of the SAP review, Pure Extracts recently announced a collaboration with Dr. Alexander MacGregor as a key scientific advisor to the Company. Pure Extracts and Dr. MacGregor are collaborating on the development and research of optimum psilocybin extraction methodologies in preparation to service the needs of the rapidly advancing growth and demand in the sector. As previously noted, Dr. MacGregor is the Dean of Faculty, a distinguished Professor of Biopharmaceutics, and current President of the Toronto Institute of Pharmaceutical Technology (TIPT) – North America’s premier post-graduate institute of pharmaceutical sciences, technology and research. He is also the CEO of TIPT’s parent company, Transpharm Canada Inc., which holds a Health Canada Drug Establishment License, a Cannabis Drug License, and a Dealer’s License issued under the Controlled Drugs and Substances Act (CDSA). Transpharm Canada conducts clinical trials, drug development and is licensed to possess psychedelic drug compounds.공시 • Dec 03Pure Extracts Collaborates with Dr. Alexander Macgregor on Cannabis and Mushroom FormulationsPure Extracts Technologies Corp. provide an introduction to Dr. Alexander MacGregor, a key scientific advisor to the Company. Pure Extracts and Dr. MacGregor are collaborating on the development of CBD infused mushroom wellness products and are researching the optimum extraction methodologies for psilocybin in order to prepare the Company to enter the psychedelic mushroom extraction space.공시 • Nov 27Pure Extracts Technologies Common Shares to Be Deleted from Other OTCPure Extracts Technologies Corp.’s Common Shares will be deleted from Other OTC effective November 27, 2020, due to Inactive Security.공시 • Nov 26Pure Extracts Technologies Corp. Advances Plans for the Processing of Functional Mushroom FormulationsPure Extracts Technologies Corp. provided an update and overview regarding its expansion into the functional mushroom wellness sector. With interest in functional and medicinal mushrooms climbing sharply, particularly regarding medicinal opportunities, the outlook appears promising for the sector. Pure Extracts has noted recent announcements showing increased institutional interest in the field of psychedelics in general and with a focus on promising mushroom varieties such as psilocybin specifically. As a study candidate psilocybin is being looked at for treatment options including depression, anxiety, PTSD, bipolar disorder, Alzheimer’s disease and addiction. The U.S. Food and Drug Administration status on the use of psychedelics appears to be evolving, subsequent to breakthrough therapy status for treatment-resistant depression in 2020 which appears poised to receive approvals in 2021. As a result of the encouraging and growing interest in the sector, Pure Extracts has commenced the expansion of its business model to include mushroom formulations through the use of extraction processes that have proven compatible with its existing infrastructure. The Company is working closely with its scientific advisor, Alexander MacGregor to develop high bio-available products and novel delivery methodologies including pills, capsules, and edibles. Furthermore, the Company believes that there exists a significant opportunity for it to become an important extraction partner for the commercialization of new functional mushroom products designed with purity and consistency in mind. In that regard, Pure Extracts has signed a Letter of Intent with one of Canada’s leading functional mushroom wellness brands to co-develop CBD enhanced mushroom products. Looking further ahead, Pure Extracts aims to eventually enter the growing field of psychedelic mushroom processing as an additional aspect of its diverse extraction market penetration strategy. In the interim, three functional products such as lion’s mane, turkey tail and reishi are being created under the ‘Pure Mushrooms’ brand. In herbal medicine, these products are thought to boost memory, support the immune system or reduce stress. Pure Mushrooms products are projected for availability by the end of First Quarter 2021 via direct-to-consumer sales utilizing the Company’s capital efficient, e-Commerce web portal. The creation of these products will validate the Company’s processes and capabilities and prepare it as additional strains become available.매출 및 비용 세부 내역Pure Extracts Technologies가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이CNSX:PULL 매출, 비용 및 순이익 (CAD Millions)날짜매출순이익일반관리비연구개발비31 Mar 232-43031 Dec 222-53030 Sep 222-54030 Jun 221-54031 Mar 221-65031 Dec 211-1110030 Sep 210-2116030 Jun 210-2116031 Mar 210-1915031 Dec 200-149030 Sep 200-42030 Jun 200-320양질의 수익: PULL 은(는) 현재 수익성이 없습니다.이익 마진 증가: PULL는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 지난 5년 동안 PULL의 연간 수익 성장률이 양(+)이었는지 판단하기에 데이터가 부족합니다.성장 가속화: 현재 수익성이 없어 지난 1년간 PULL의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: PULL은 수익성이 없어 지난 해 수익 성장률을 Pharmaceuticals 업계(64.6%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: PULL의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YPharmaceuticals-biotech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/07/05 06:22종가2024/04/08 00:00수익2023/03/31연간 수익2022/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Pure Extracts Technologies Corp.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Siddharth RajeevFundamental Research Corp.
Reported Earnings • Mar 04Second quarter 2023 earnings released: CA$0.009 loss per share (vs CA$0.01 loss in 2Q 2022)Second quarter 2023 results: CA$0.009 loss per share. Revenue: CA$564.4k (up 43% from 2Q 2022). Net loss: CA$1.06m (loss widened 7.6% from 2Q 2022).
Reported Earnings • Dec 01First quarter 2023 earnings released: CA$0.008 loss per share (vs CA$0.014 loss in 1Q 2022)First quarter 2023 results: CA$0.008 loss per share (improved from CA$0.014 loss in 1Q 2022). Revenue: CA$816.3k (up 186% from 1Q 2022). Net loss: CA$864.4k (loss narrowed 41% from 1Q 2022).
공시 • Aug 30Pure Extracts Technologies Corp. Announces Board and Secretary ChangesPure Extracts Technologies Corp. announced that Yana Popova has tendered her resignation as Corporate Secretary and a director of the Company and Sean Bromley has tendered his resignation as a director of the Company, effective 29 August 2023.
공시 • Aug 29Pure Extracts Technologies Corp. Announces Resignation of Yana Popova as Chief Financial OfficerPure Extracts Technologies Corp. announced that Yana Popova has tendered her resignation as Chief Financial Officer.
Reported Earnings • Mar 04Second quarter 2023 earnings released: CA$0.009 loss per share (vs CA$0.01 loss in 2Q 2022)Second quarter 2023 results: CA$0.009 loss per share. Revenue: CA$564.4k (up 43% from 2Q 2022). Net loss: CA$1.06m (loss widened 7.6% from 2Q 2022).
Reported Earnings • Dec 01First quarter 2023 earnings released: CA$0.008 loss per share (vs CA$0.014 loss in 1Q 2022)First quarter 2023 results: CA$0.008 loss per share (improved from CA$0.014 loss in 1Q 2022). Revenue: CA$816.3k (up 186% from 1Q 2022). Net loss: CA$864.4k (loss narrowed 41% from 1Q 2022).
공시 • Nov 17Pure Extracts Receives Approval from Manitoba Liquor & Lotteries to List Pure Pulls Vapes and Pure Chews EdiblesPure Extracts Technologies Corp. announced that its wholly-owned subsidiary, Pure Extracts Manufacturing Corp., has received approval from Manitoba Liquor & Lotteries to list 9 SKUs in the their product catalogue. This will allow all the licensed retailers in Manitoba to order and purchase these products through Manitoba Liquor & Lotteries and deliver directly from Pure Extracts. The approved listings include 6 Pure Pulls™ branded vape cartridges (4 unique Full Spectrum Oil vape carts, the high THC 9 Pound Hammer vape cart and the Durga Mata Cured Resin vape cart) and 3 Pure Chews™ edible gummies (2 CBD edible gummies and 1 THC edible gummie). All Pure Chews™ are sold in a Pure Extracts’ unique blister packaging offering convenience and guaranteeing freshness.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Dwight Duncan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Dwight Duncan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Mar 10Pure Extracts Technologies Corp. announced that it has received CAD 0.445275 million in fundingPure Extracts Technologies Corp. announced non-brokered private placement of 5,937,001 special warrants at a price of CAD 0.075 per warrant for gross proceeds of CAD 445,275 to accredited investors on March 8, 2022. The special warrants will convert into units upon the earlier of the receipt for a final prospectus qualifying the distribution of the units or four months and a day from the final closing date of the transaction. Each unit will consist of one common share and one common share warrant, with each whole warrant is exercisable at CAD 0.15 per share for a period of 24 months following the deemed exercise date of the warrants. A finder’s fees of CAD 14,169 cash and 188,930 finder’s warrants were paid and issued in conjunction with the transaction. Each finder’s warrant entitles the holder thereof to purchase one common share of the company at an exercise price of CAD 0.15 per finder’s warrant share until March 7, 2024. All securities issued under the transaction will be subject to a statutory 4-month plus one day hold period, which expires on July 8, 2022, in accordance with applicable Canadian securities laws. Three insiders of the company subscribed for a total of 656,666 special warrants in connection with the transaction.
Recent Insider Transactions • Feb 06Founder recently sold CA$51k worth of stockOn the 2nd of February, Doug Benville sold around 649k shares on-market at roughly CA$0.079 per share. This was the largest sale by an insider in the last 3 months. Doug has been a seller over the last 12 months, reducing personal holdings by CA$175k.
공시 • Jun 04Pure Extracts Commences Production of 1 Gram FSO Vape Cartridges in Preparation for Retail Distribution and RevenuePure Extracts Technologies Corp. a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has developed and is in production of innovative 1 gram, full spectrum oil, vape cartridges for the Canadian retail market. With a trend towards larger cartridges as consumer preferences mature, demand for Pure Extracts’ Pure Pulls branded vape carts is strong within the provincial markets as this product also offers exceptional value to the consumer while generating high margins for the Company. The cartridges will be filled with a selection of some of the Company’s 30+ proprietary cannabis FSO formulations including Super Lemon Haze, Grand Daddy Purple and GSK. These 510 vape cartridges are produced by a global manufacturer and adhere to the highest North American test standards. They were specifically chosen for the quality of their component parts, their fit and finish and their performance characteristics when paired with Pure Extracts’ oil concentrates.
Recent Insider Transactions • May 09CEO & Director recently sold CA$63k worth of stockOn the 7th of May, Ben Nikolaevsky sold around 200k shares on-market at roughly CA$0.31 per share. This was the largest sale by an insider in the last 3 months. This was Ben's only on-market trade for the last 12 months.
공시 • Mar 12Pure Extracts Technologies Corp. Sells First Shipment of Cannabis Oil Extracts to German Pharma CompanyPure Extracts Technologies Corp. announced that it has sold its first batch of cannabis oil extracts to a German pharmaceutical company. Pure Extracts purchased Canadian grown, EU-GMP certified, dry cannabis flower and extracted it into 65% pure THC full spectrum oil (FSO) and into 85% pure THC distillate. These extracts will be furthered processed in Germany into an ultra-pure form of THC for medicinal purposes. This initial sale will pave the way for longer term supply agreements into Germany, Europe's most important market and the Company plans to continue seeking export opportunities for its products in other European countries wherever they can be legally sold.
공시 • Mar 11Pure Extracts Technologies Corp. and ShroomBloom Labs Sign Psychedelic Mushroom Supply Letter of IntentPure Extracts Technologies Corp. announced that it has signed a Letter of Intent (LOI) with ShroomBloom Labs/Floja Bioscience Inc. to enter into an agreement for the supply of psychedelic mushroom biomass. Under the terms of the LOI, Pure Extracts would get preferential access to ShroomBloom’s crop of psychedelic mushrooms and would get most favoured nation pricing. The LOI is subject to both ShroomBloom and Pure Extracts holding Dealer's Licences under the Controlled Drugs and Substances Act (CDSA).
공시 • Mar 04Pure Extracts Technologies Corp. Submits Dealer’s Licence Application to Health CanadaPure Extracts Technologies Corp. announced that its wholly owned subsidiary, Pure Mushrooms Corp., has submitted an application to Health Canada for a Dealer’s Licence under the Controlled Drugs and Substances Act (CDSA). The CDSA and its Regulations provide, among other things, the framework for legal access to controlled substances, and the control and regulation of production, distribution, and sale. One of Health Canada’s responsibilities is to provide the licensing and oversight framework for the legal production of controlled substances. Under this framework, a company is required to obtain a licence issued by Health Canada in order to conduct various activities with controlled substances. Licence holders are responsible for compliance with the CDSA and its Regulations as well as compliance with other applicable federal, provincial, and territorial legislation and municipal by-laws. The issued licence dictates activities, conditions, and restrictions for the licence holder depending on licence permissions. A Dealer’s Licence could allow for the following activities: Procurement of controlled substances, including by import, synthesis, propagation, cultivation and harvesting of psychedelic mushrooms for psilocybin extraction Research and manufacture of controlled substances such as psilocybin and psilocin Business-to-business sale of controlled substances, including by export Sale of controlled substance via pharmacies.
공시 • Feb 28Pure Extracts Submits Application to Health Canada for Sales LicensePure Extracts Technologies Corp. announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has submitted an application to Health Canada to amend its license to permit the sale of cannabis extract products to provincially authorized distributors and retailers nationwide. The Company recently announced a distribution agreement with large Canadian Licensed Producer to distribute Pure Extracts' vape and edible products through their established provincial distribution channels and thus, Pure Extracts expects to have significant sales momentum for its `Pure Pulls' and `Pure Chews' branded products by the time the Company receives its sales licence amendment from Health Canada. Pure Extracts is continuing to develop its portfolio of cannabis 2.0 products with emphasis on its 34 proprietary formulations of `Pure Pulls' branded full spectrum oil (FSO) vape products and on its new line of `Pure Chews' edible gummies being produced under licence from Taste-T, LLC, the manufacturer of Fireball cannabis gummies.
공시 • Feb 25Pure Extracts Technologies Corp. Submits Multiple SKUs to Health Canada for ApprovalPure Extracts Technologies Corp. announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp.’s distribution partner has submitted a Notice of New Cannabis Product (“NNCP”) application to Health Canada on behalf of the company seeking approval for its retail cannabis products including cannabis extracts and edible cannabis. The company submitted over 20 Stock Keeping Unit (SKU) product identifiers for approval including THC vapes, CBD vapes, 1:1 blended vapes, and 3 different flavours/formulations of gummies. The company plans to launch these products under its ‘Pure Pulls Vapes’ and ‘Pure Chews Gummies’ branded product lines and is looking forward to having them listed for sale with provincially authorized distributors and retailers nationwide. Pure Extracts is continuing to develop its portfolio of cannabis 2.0 products with emphasis on its 34 proprietary formulations of ‘Pure Pulls’ branded full spectrum oil (FSO) vape products and on its new line of ‘Pure Chews’ edible gummies manufactured under license from Taste-T, LLC, the manufacturer of Fireball cannabis gummies.
공시 • Feb 18+ 1 more updatePure Extracts Technologies Corp. and Canada House Wellness Group Sign Agreement to Distribute Concentrate Products Through Existing Provincial Distribution ChannelsPure Extracts Technologies Corp. and Canada House Wellness Group announced that they have entered into a Cannabis 2.0 distribution agreement (the "Agreement"). Under the terms of the Agreement, Canada House's wholly owned subsidiary, Abba Medix Corp. ("Abba"), will distribute Pure Extracts' line of concentrate products through its established provincial distribution channels.
Is New 90 Day High Low • Feb 16New 90-day high: CA$0.81The company is up 40% from its price of CA$0.58 on 18 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Pharmaceuticals industry, which is up 75% over the same period.
공시 • Feb 16Pure Extracts Agrees to Licensing Deal with Taste-T, LLC for Fireball Cannabis GummiesPure Extracts Technologies Corp. announced its licensing deal with U.S. based Taste-T, LLC. Pure Extracts has signed an agreement with exclusive rights for Canada and first rights to other countries around the world. Included in the agreement is the delivery to Pure Extracts’ British Columbia facility of one of Taste-T’s custom built gummie manufacturing machines, certified to Canadian standards. Pure Extracts will be selling these products in a Health Canada compliant format in licensed dispensaries throughout Canada under their ‘Pure Chews’ brand of edible products.
공시 • Feb 10Pure Extracts Technologies Corp. Announces its First Commercial Sale of CBD Oil on the Wholesale MarketPure Extracts Technologies Corp. announced that it recently contracted its first commercial sale of CBD oil. Pure Extracts is preparing to deliver the first of what it believes will be multiple shipments this year of its 85% pure CBD distillate under this contract. The Company’s high purity distillate is ideally suited for use in most cannabis 2.0 products including edibles, vape pens and beverages. Pure Extracts uses its sub-critical/super-critical CO2 extraction system to create exceptionally pure THC and CBD full spectrum oil and distillate in order to meet the rigorous demands of its customers.
공시 • Jan 26Pure Extracts Enters into Biomass Purchase Agreements to Support Oil Extract ProductionPure Extracts Technologies Corp. announced that it has entered into its first substantial biomass purchase agreements in order to scale-up its production of both THC and CBD extracts. The Company has recently agreed to purchase 220 kgs of high potency THC cannabis dried flower from a large, Canadian Licenced Producer and it has also agreed to purchase 1,000 kgs of high potency CBD biomass from a top, Western Canada, cultivator. With biomass prices touching new lows, the Company believes that the timing was right for its first strategic purchases, which will drive revenue growth in First Quarter 2021. The cannabis will be used to produce full spectrum (FSO) THC oil with a minimum purity of 67% and distillate with a minimum purity of 86%. The hemp will be used to produce full spectrum (FSO) CBD oil with a minimum purity of 66% and distillate with a minimum purity of 85%. From these 2 biomass purchases alone, the Company will be able to produce approximately 70 kgs of CBD distillate and 25 kgs of THC distillate. At current wholesale prices of $6,000/kg and $6,800/kg respectively, this biomass could lead to $590,000 in near term sales revenue.
공시 • Jan 22Pure Extracts Technologies Corp. announced that it has received CAD 8.534633 million in fundingOn January 21 2021, Pure Extracts Technologies Corp. (CNSX:PULL) closed the transaction. The company issued 16,900,263 special warrants for gross proceeds of CAD 8,534,632.81 in the transaction. The company issued 10,839,230 special warrants for gross proceeds of CAD 5,473,811.14 in its second tranche. The company paid finder fee of CAD 139,501.41 and 395,817 finder's warrants in its final tranche. Each Finder's Warrant entitles the holder thereof to purchase one common share of the company at an exercise price of CAD 0.65 per finder's warrant share until January 20, 2023.
공시 • Jan 14Pure Extracts Technologies Corp. Delineates Study on Psilocybin Oral Tablets, Capsules and Nasal GelPure Extracts Technologies Corp. announced that it has delineated the timetable and milestones for its study on the formulation and manufacturing of psilocybin based active treatments for oral tablets, capsules and a nasal gel that will be used as an investigational product. The study with be conducted at the Toronto Institute of Pharmaceutical Technology by Dr. Alexander MacGregor, a key scientific advisor to the Company. The study will focus on formulating, manufacturing and clinical bioavailability testing of rapid onset psilocybin dosage forms that could be used in future efficacy clinical trials by both Pure Extracts and its pharmaceutical customers. Clinical batch manufacturing, packaging and labelling are all included in the study as is conformity testing and stability testing (including both long-term and accelerated). The study will conform to both Canadian Good Manufacturing Practice and Good Clinical Practice standards. The key milestones in the 250-day timeline for the study on psilocybin immediate release tablets and nasal gel include the following: Sourcing and procurement of medicinal ingredients, excipients & packaging materials, Raw Material Testing, Formulation and Manufacturing Process Development, Stability Testing, Clinical Batch Manufacturing, Quality Control Release Testing and Shipping of Clinical Batches to CRO.
공시 • Dec 30Pure Extracts Commences Study on Psilocybin Oral Tablets, Capsules and Nasal GelPure Extracts Technologies Corp. announced that it is commencing a study on the formulation and manufacturing of psilocybin based active treatments for oral tablets, capsules and a nasal gel that will be used as an investigational product. The study with be conducted at the Toronto Institute of Pharmaceutical Technology (TIPT) by Dr. Alexander MacGregor, a key scientific advisor to the Company. The study will focus on formulating, manufacturing and clinical bioavailability testing of rapid onset psilocybin dosage forms that could be used in future efficacy clinical trials by both Pure Extracts and its pharmaceutical customers. Clinical batch manufacturing, packaging and labelling are all included in the study as is conformity testing and stability testing (including both long-term and accelerated). The study will conform to both Canadian Good Manufacturing Practice (GMP) and Good Clinical Practice (GCP) standards.
공시 • Dec 17Pure Extracts Technologies Corp. Commences Build-Out of Facility in Preparation for Mushroom Extraction and Dealer's LicencePure Extracts Technologies Corp. announced that it has begun to build-out the 4th unit in its facility for the extraction of mushrooms and to commence research and development of psilocybin under a Dealer's Licence. The company is preparing an application to Health Canada for a Dealer's Licence under the Controlled Drugs and Substances Act which provides, among other things, the framework for legal access to controlled substances, and the control and regulation of production, distribution and sale of psilocybin. Under this framework, a company is required to obtain a licence issued by Health Canada in order to conduct various activities with controlled substances. Licence holders are responsible for compliance with the CDSA and its Regulations as well as compliance with other applicable federal, provincial and territorial legislation and municipal by-laws. The issued licence dictates activities, conditions, and restrictions for the licence holder depending on licence permissions. A Dealer’s Licence could allow for the following activities: Procurement of controlled substances, including by import, synthesis, propagation, cultivation and harvesting of psychedelic mushrooms for psilocybin extraction; Research and manufacture of controlled substances such as psilocybin and psilocin; Business to business sale of controlled substances, including by export; Sale of controlled substance via pharmacies. Submission of the company’s dealer’s license application is subject to compliance with applicable securities laws, including any necessary approvals by the CSE.
공시 • Dec 15Pure Extracts Applauds Health Canada SAP for Psilocybin-Assisted Psychotherapy InclusionPure Extracts Technologies Corp. announced to support Health Canada’s proposed intent to revise the Special Access Programme (SAP) and related regulations to permit certain authorized uses of psilocybin-assisted psychotherapeutic treatments. The intended SAP revision, announced on December 11th, could lead to important new medical applications, particularly in the complex and growing mental health sector. Health Canada’s announcement could act as a milestone achievement driving advanced research initiatives forward. This includes several ongoing clinical trials that consistently indicate breakthrough therapy potential of psilocybin-assisted psychotherapy for a number of mental health patients suffering from conditions where conventional therapies have failed or have proven unsuitable. The proposed SAP update emphasizes the strategic importance of Pure Extracts engagement of a globally recognized operations, compliance, and regulatory consulting firm to advise on the Company’s application to Health Canada for a Dealers Licence under the Controlled Drugs and Substances Act (CDSA). The CDSA and its Regulations provide the framework for legal access to controlled substances, and the control and regulation of production, distribution, and sale. One of Health Canada’s responsibilities is to provide the licensing and oversight framework for the legal production of controlled substances. Upon acceptance, a Dealer’s License could allow Pure Extracts to engage in the following activities: Procurement of controlled substances, including by import, synthesis, propagation, cultivation and harvesting of psychedelic mushrooms for psilocybin extraction; Research and manufacture of controlled substances such as psilocybin and psilocin; Business to business sale of controlled substances, including by export; Sale of controlled substance via pharmacies Expanding upon the strategic importance of the SAP review, Pure Extracts recently announced a collaboration with Dr. Alexander MacGregor as a key scientific advisor to the Company. Pure Extracts and Dr. MacGregor are collaborating on the development and research of optimum psilocybin extraction methodologies in preparation to service the needs of the rapidly advancing growth and demand in the sector. As previously noted, Dr. MacGregor is the Dean of Faculty, a distinguished Professor of Biopharmaceutics, and current President of the Toronto Institute of Pharmaceutical Technology (TIPT) – North America’s premier post-graduate institute of pharmaceutical sciences, technology and research. He is also the CEO of TIPT’s parent company, Transpharm Canada Inc., which holds a Health Canada Drug Establishment License, a Cannabis Drug License, and a Dealer’s License issued under the Controlled Drugs and Substances Act (CDSA). Transpharm Canada conducts clinical trials, drug development and is licensed to possess psychedelic drug compounds.
공시 • Dec 03Pure Extracts Collaborates with Dr. Alexander Macgregor on Cannabis and Mushroom FormulationsPure Extracts Technologies Corp. provide an introduction to Dr. Alexander MacGregor, a key scientific advisor to the Company. Pure Extracts and Dr. MacGregor are collaborating on the development of CBD infused mushroom wellness products and are researching the optimum extraction methodologies for psilocybin in order to prepare the Company to enter the psychedelic mushroom extraction space.
공시 • Nov 27Pure Extracts Technologies Common Shares to Be Deleted from Other OTCPure Extracts Technologies Corp.’s Common Shares will be deleted from Other OTC effective November 27, 2020, due to Inactive Security.
공시 • Nov 26Pure Extracts Technologies Corp. Advances Plans for the Processing of Functional Mushroom FormulationsPure Extracts Technologies Corp. provided an update and overview regarding its expansion into the functional mushroom wellness sector. With interest in functional and medicinal mushrooms climbing sharply, particularly regarding medicinal opportunities, the outlook appears promising for the sector. Pure Extracts has noted recent announcements showing increased institutional interest in the field of psychedelics in general and with a focus on promising mushroom varieties such as psilocybin specifically. As a study candidate psilocybin is being looked at for treatment options including depression, anxiety, PTSD, bipolar disorder, Alzheimer’s disease and addiction. The U.S. Food and Drug Administration status on the use of psychedelics appears to be evolving, subsequent to breakthrough therapy status for treatment-resistant depression in 2020 which appears poised to receive approvals in 2021. As a result of the encouraging and growing interest in the sector, Pure Extracts has commenced the expansion of its business model to include mushroom formulations through the use of extraction processes that have proven compatible with its existing infrastructure. The Company is working closely with its scientific advisor, Alexander MacGregor to develop high bio-available products and novel delivery methodologies including pills, capsules, and edibles. Furthermore, the Company believes that there exists a significant opportunity for it to become an important extraction partner for the commercialization of new functional mushroom products designed with purity and consistency in mind. In that regard, Pure Extracts has signed a Letter of Intent with one of Canada’s leading functional mushroom wellness brands to co-develop CBD enhanced mushroom products. Looking further ahead, Pure Extracts aims to eventually enter the growing field of psychedelic mushroom processing as an additional aspect of its diverse extraction market penetration strategy. In the interim, three functional products such as lion’s mane, turkey tail and reishi are being created under the ‘Pure Mushrooms’ brand. In herbal medicine, these products are thought to boost memory, support the immune system or reduce stress. Pure Mushrooms products are projected for availability by the end of First Quarter 2021 via direct-to-consumer sales utilizing the Company’s capital efficient, e-Commerce web portal. The creation of these products will validate the Company’s processes and capabilities and prepare it as additional strains become available.