Pure Extracts Submits Application For First Natural Product Number

Pure Extracts (CSE: PULL) is one step closer to commercializing its functional mushroom operation. The company this morning announced that it has received its registration with the Natural and Non-prescription Health Products Directorate.

The registration enables the company to submit a Class 1 Natural Product Number for functional mushroom products, the first of which has been completed. The company currently expects to submit several such applications this year.

Sales are to occur through a new subsidiary, Pure Mushrooms Corp, with sales being direct to consumer via an e-commerce platform. Referred to as “Pure Mushrooms”, the effort is a means of the company exploring new ways to expand the use of its existing extraction equipment for the functional mushroom space. In the near term, the company has indicatred that it will be using a co-packer to meet customer demand.

“The functional mushroom wellness sector is experiencing tremendous growth and consumer awareness, we remain very excited about our new Pure Mushrooms brand. We look forward to getting our first product in consumers’ hands by the end of Q1 2021.”

Ben Nikolaevsky, CEO of Pure Extracts

Pure Extracts last traded at $0.62 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

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

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

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Pure Extracts Signs LOI For Joint Venture With Psyence Group

Pure Extracts (CSE: PULL) has entered into a letter of intent for a proposed joint...

Wednesday, March 31, 2021, 09:05:03 AM

Pure Extracts Announces Step Into Functional Mushroom Market

Pure Extracts (CSE: PULL) this morning released to the market its roadmap for the processing...

Thursday, November 26, 2020, 08:42:08 AM

Pure Extracts Expands Private Placement To $5.0 Million

Pure Extracts (CSE: PULL) has closed the first tranche of its ongoing private placement offering...

Wednesday, January 6, 2021, 09:15:07 AM

Pure Extracts Outlines Psilocybin Study Timeline

Further details were released by Pure Extracts (CSE: PULL) this morning in relation to its...

Thursday, January 14, 2021, 07:24:18 AM

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