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Pure Extracts Closes Upsized $8.5 Million Offering With Strong Retail Demand

VANCOUVER, British Columbia, Jan. 21, 2021 (GLOBE NEWSWIRE) — Pure Extracts Technologies Corp. (“Pure” or the “Company”) (CSE: PULL)(XFRA: A2QJAJ) is pleased to announce that it has completed the second and final tranche of its non-brokered private placement offering of special warrants (each, a “Special Warrant”) at $0.505 per Special Warrant, previously announced on December 16, 2020 […]

The post Pure Extracts Closes Upsized $8.5 Million Offering With Strong Retail Demand appeared first on CannabisFN.

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Ryan Allway

January 21st, 2021

Psychedelics, Top News


VANCOUVER, British Columbia, Jan. 21, 2021 (GLOBE NEWSWIRE) — Pure Extracts Technologies Corp. (“Pure” or the “Company”) (CSE: PULL)(XFRA: A2QJAJ) is pleased to announce that it has completed the second and final tranche of its non-brokered private placement offering of special warrants (each, a “Special Warrant”) at $0.505 per Special Warrant, previously announced on December 16, 2020 (the “Private Placement”). At this final closing, the Company issued and sold an aggregate of 10,839,230 Special Warrants for gross proceeds of $5,473,811.14. Together with the first closing, the Company issued an aggregate of 16,900,263 Special Warrants for gross proceeds of $8,534,632.81 pursuant to the Private Placement.

The Special Warrants will automatically convert to units (the “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 closing date of the final tranche of the Private Placement, which is May 21, 2021. Each Unit will be comprised of one common share of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one Common Share (a “Warrant Share”) at an exercise price of $0.65 per Warrant Share for a period of 24 months following the deemed exercise date of the Special Warrants.

Finder’s fees of $139,501.41 cash and 395,817 finder’s warrants (each a “Finder’s Warrant”) were paid and issued in conjunction with the final tranche of the Private Placement. Each Finder’s Warrant entitles the holder thereof to purchase one common share of the Company (the “Finder’s Warrant Shares”) at an exercise price of $0.65 per Finder’s Warrant Share until January 20, 2023.

All securities issued under the final tranche of the Private Placement will be subject to a statutory 4-month hold period, which expires on May 21, 2021, in accordance with applicable Canadian securities laws.

The Company intends to use net proceeds from the Private Placement primarily for expansion of capacity for the Company’s extraction business and for general working capital.

The Company will use its commercially reasonable efforts to qualify the distribution of the Common Shares and Warrants issuable upon exercise of the Special Warrants by way of a short form prospectus (“Qualifying Prospectus”). The Company will make an application to list the Warrants on the Canadian Securities Exchange (the “Exchange”), subject to the Company fulfilling all of the listing requirements of the Exchange. The Special Warrants will not be listed on any stock exchange or over‐the‐counter market.

The Company has filed a preliminary base shelf prospectus, which is available under the Company’s profile on SEDAR at www.sedar.com.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.

The Company also announces it has granted 5,000,000 stock options to purchase common shares to certain directors, officers, employees and consultants of the Company. The options are exercisable for periods ranging from two to five years from the date of issuance at an exercise price of $0.73.

About the Company

The Company 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. On September 25, 2020, Pure Extracts was granted its Standard Processing License by Health Canada under the Cannabis Act and the Company’s stock began trading on the Canadian Securities Exchange (CSE) on November 5, 2020. Find out more at https://pureextractscorp.com/.

For further information please contact Empire Communications Group at (604) 343-2724.

ON BEHALF OF THE BOARD

(signed) “Ben Nikolaevsky
Ben Nikolaevsky
CEO and Director

This information release contains certain forward-looking information, including about the proposed use of proceeds of the Private Placement, the receipt of a final qualifying short form prospectus, the receipt of CSE approval and the listing of the Warrants. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company’s current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

Ryan Allway

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


Source: https://www.cannabisfn.com/pure-extracts-closes-upsized-8-5-million-offering-with-strong-retail-demand/

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Pet CBD(cannabidiol) Market to See Booming Growth | Canna-Pet, Choom Holdings, Receptra …

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Pet CBD(cannabidiol) Market research Report is a valuable supply of perceptive information for business strategists. This Pet CBD(cannabidiol) Market study provides comprehensive data which enlarge the understanding, scope and application of this report.

A specific study of competitive landscape of the global Pet CBD(cannabidiol) Market has alloted, providing insights into the corporate profiles, financial standing, recent developments, mergers and acquisitions, and therefore the SWOT analysis. This analysis report will provides a transparent plan to readers concern regarding the general market situation to further choose on this market projects.

The Pet CBD(cannabidiol) Market report profiles the following companies, which includes: – Canna-Pet, Choom Holdings, Receptra Naturals, Curaleaf, Trulieve Cannabis, Pure Spectrum, Cannabis Strategies Acquisition, Pet Releaf, Diamond CBD, PotNetwork Holdings, Kat’s Naturals, Bluebird Botanicals

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This report studies the global Pet CBD(cannabidiol) Market status and forecast, categorizes the global Pet CBD(cannabidiol) Market size (value & volume), revenue (Million USD), product price by manufacturers, type, application, and region. Pet CBD(cannabidiol) Market Report by Material, Application and Geography with Global Forecast to 2025 is an connoisseur and far-reaching research provide details related to world’s major provincial economic situations, Concentrating on the principle districts (North America, South America Europe, and Asia-Pacific) and the crucial nations (United States, Germany, United Kingdom, Japan, South Korea, and China).

By Types: CBD Capsule, CBD Oil, CBD Jelly

By Applications: Pets Gastrointestinal Diseases, Pet Sleep Disorder, Pet Anxiety

Market Segment by Regions, regional analysis covers
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Europe
Asia-Pacific
South America
Middle East and Africa

Table of Contents –

Global Pet CBD(cannabidiol) Market Size, Status and Forecast 2025
1 Market Overview
2 Manufacturers Profiles
3 Global Pet CBD(cannabidiol) Sales, Revenue, Market Share and Competition by Manufacturer
4 Global Pet CBD(cannabidiol) Market Analysis by Regions
5 North America Pet CBD(cannabidiol) by Countries
6 Europe Pet CBD(cannabidiol) by Countries
7 Asia-Pacific Pet CBD(cannabidiol) by Countries
8 South America Pet CBD(cannabidiol) by Countries
9 Middle East and Africa Pet CBD(cannabidiol) by Countries
10 Global Pet CBD(cannabidiol) Market Segment by Type
11 Global Pet CBD(cannabidiol) Market Segment by Application
12 Pet CBD(cannabidiol) Market Forecast
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix

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Overview of the chapters analysing the global Pet CBD(cannabidiol) Market in detail:

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  • Chapter 3 analyze on the competition landscape amongst the highest manufacturers based on sales, revenue, market share etc for the period 2020 to 2025.
  • Chapter 4 defines the globalmarket by regions and their market share, sales, revenue etc for the period to 2025.
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  • Chapter 10 and 11 contain the knowledge concerning market basis types and application, sales market share, rate of growth etc for forecast period 2020 to 2025.
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  • The report throws light on the segment expected to dominate the Pet CBD(cannabidiol) industry and market.
  • Forecasts the regions expected to perceive ascension.
  • The newest developments within the Pet CBD(cannabidiol) industry and details of the industry leaders along side their market share and methods.
  • Saves time on the entry level research as the report contains important data concerning about growth, size, leading players and segments of the industry.
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Reports Intellect is your one-stop solution for everything associated with marketing research and market intelligence. We tend to perceive importance of market intelligence and its need in today’s competitive world.

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