Pure Extracts and Golden Harvests Receives Medical Prequalification Status Letter in Michigan – RICH TV LIVE – December 15, 2021 – Pure Extracts Technologies Corp. (“Pure Extracts”) (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) and Grown Rogue International Inc.’s (“Grown Rogue”) (CSE: GRIN) (OTC: GRUSF) partner, Golden Harvests, LLC, are pleased to announce that their Michigan extraction joint venture (JV) company, Pure Grown Extracts, LLC (“Pure Grown Extracts”), received its medical Prequalification Status Letter from the Michigan Marijuana Regulatory Agency (MRA) on November 23, 2021.
This letter was issued pursuant to the licensing provisions of the Medical Marihuana Facilities Licensing Act (MMFLA) and associated rules and allows Pure Grown Extracts to submit a facility license application 60 days prior to when the facility will be ready for inspection by the MRA. #pureextracts #goldenharvests #richtvlive #business #news #finance #education #entertainment #money #stocks #trading #stockmarket #cannabis
“We are excited to be ramping this project up with Golden Harvests in Michigan, where cannabis sales continue to set records with monthly sales up over 50% from a year ago,” said Ben Nikolaevsky, CEO of Pure Extracts. “Establishing Pure Extracts’ brands in Michigan, an important state in the large US cannabis market, is a critical milestone for our company.”
The goal of the JV is to bring Pure Extracts’ portfolio of products to Michigan and to expand Grown Rogue’s product offering. Pure Extracts is a plant-based extraction company focused on cannabis and hemp based out of British Columbia, Canada and will provide a mix of equipment, cash, and extraction expertise to the venture, which will allow the partners to rapidly scale-up to meet the rising demand for processed products throughout the state. Grown Rogue is a multi-state operating (MSO) cannabis company with operations and assets in Oregon and in Michigan where they are already doing business with over 100 dispensaries throughout the state.
“We are pleased to have received such a timely response from the MRA on our medical cannabis processing application and look forward to finishing the construction and getting additional award-winning products into the Michigan market to supplement our leading flower brand already established in the state,” said Obie Strickler, CEO of Grown Rogue.
The joint venture plans to build-out existing space in the 80,000 sq. ft. facility in Bay City where it has the ability to produce Pure Extracts’ branded concentrates, cartridges, edibles and tinctures as well as a suite of Grown Rogue products capturing the west coast innovation they are known for.
About Pure Extracts
Pure Extracts Technology Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) features an all-new, state-of-the-art processing facility located just 20 minutes north of world-famous Whistler, British Columbia. The bespoke facility has been constructed to European Union GMP standards aiming towards export sales of products and formulations, including those currently restricted in Canada, into European jurisdictions where they are legally available. Health Canada, under the Cannabis Act, granted Pure Extracts its Standard Processing License on September 25, 2020, and its Sales Amendment on July 19, 2021. The company’s stock began trading on the Canadian Securities Exchange (CSE) on November 5, 2020.
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