Pure Extracts Enters Licensing Agreement For Fireball Cannabis Gummies

Pure Extracts (CSE: PULL) this morning announced its first licensing deal for its cannabis extracts operation. The company has formally signed a licensing deal with that of US based Taste-T, LLC for the use of the Fireball cannabis brand in Canada.

The arrangement will see Pure obtain exclusive rights for Canada and the first rights to other countries around the world for the use of the Fireball Cannabis Gummies brand. Also included under the arrangement is the delivery of a custom built Taste-T gummy manufacturing machine, which will be certified to Canadian standards.

The arrangement will effectively see Pure Extracts manufacture Fireball gummies for the Canadian market, with products to comply to Health Canada regulations. The product is to be sold under the “Pure Chews” line of cannabis edibles.

“Taste-T’s gummy line up represents a great opportunity for our Company to leverage one of the few U.S. cannabis products that can legitimately be call a ‘brand’. And of course, as a Canadian company, Pure Extracts is ideally suited to export this product to numerous countries around the world.”

Ben Nikolaevsky, CEO of Pure Extracts

Taste-T currently uses a proprietary manufacturing setup to produce and package its branded cannabis gummies, with the firm currently selling its products in multiple states. Such states include Nevada, Massachusetts, Michigan, and Oklahoma. The most popular products offered include Margarita Chill and Fireball Cinnamon.

Pure Extracts last traded at $0.76 on the CSE.


FULL DISCLOSURE: Pure Extracts is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Pure Extracts on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Pure Extracts Receives Health Canada Processing License

Pure Extracts (CSE: PULL, listing pending) has seen Health Canada grant the firm its standard...

Thursday, October 1, 2020, 10:13:00 AM

Pure Extracts Raises $8.5 Million In Upsized Special Warrant Financing

Pure Extracts (CSE: PULL) yesterday announced the closure of its offering of special warrants, raising...

Friday, January 22, 2021, 11:03:00 AM

Pure Extracts: Q&A With CEO Ben Nikolaevsky

Recently, we covered what we refer to as the second wave of cannabis operators: extractors....

Wednesday, July 1, 2020, 12:05:55 PM

The Deep Dive Compiles Company Profile On Pure Extracts

Pure Extracts (CSE: PULL, tentatively) is positioned for growth in the commercial cannabis and functional mushroom...

Sunday, October 18, 2020, 10:49:00 AM

Pure Extracts Submits For Sales Amendment With Health Canada

Pure Extracts (CSE: PULL) this morning formally announced that is has submitted final documents to...

Tuesday, February 23, 2021, 07:03:32 AM