Bullboard - Stock Discussion Forum Pure Extracts Technologies Corp. C.PULL

Healthcare Cannabis

Pure Extracts Technologies Corp. is an integrated Canadian plant-based extraction company specializing in the processing of cannabis, hemp and functional mushrooms to produce oils and various derivative products. The company is involved in white labeling activities as well as selling branded oil based products under the Pure Extracts brand.

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CSE:PULL - Post Discussion

Pure Extracts Technologies Corp. > $PULL signs a white label agreement with FLO Brands

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Post by ProfPennyPinch on May 20, 2021 3:10pm

$PULL signs a white label agreement with FLO Brands

Pure Extracts just signed a white label agreement with FLO Brands. This agreement with FLO will let Pure Extracts manufacture a line of cannabis vape products for the company. They’ll manufacture 3 SKUs of 0.5g, 510 carriages according to the agreement.

“With the addition of FLO and the increased capacity and flexibility our new cosolvent injection system provides, we have begun to execute our strategy with craft producers and branding specialists to get their white label products into the provincial dispensaries and drive up to $3 million of annual revenue from this vertical.”

https://ca.finance.yahoo.com/news/pure-extracts-signs-white-label-130000984.html

I’m calling the bottom support here at $0.25, the stock has been struggling over the past couple of months, but that doesn’t change the fact that $PULL is stabilizing its revenue sources and solidifying the fundamental business. Just looking at the news flow from the beginning of April makes me confident in the future. I believe that by 2022 they’ll have significant revenue that’ll make today’s valuation of $20M look like a Black Friday sale. Currently, $PULL is up 1.82%, with a share price of $0.28.

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