TORONTO, March 5, 2019 /CNW/ - Pure Global Cannabis Inc. (TSX.V:PURE; OTC: PRCNF; FRA:1QS) (the "Pure Global" or "PURE") an integrated, growth-oriented life sciences and consumer products cannabis company, operating through its wholly-owned subsidiary PureSinse Inc. ("PureSinse" or the "Company"), is pleased to provide an operational and oils sales license update. Last week, the Company received confirmation from Health Canada for its process inspection in preparation to sell cannabis oils to the Canadian market.
PureSinse can now begin the production of cannabis oils at its Brampton, Ontario facility. The output of oils, capsules, vape pens, topicals, and sublingual-sprays are slated to be sold in both domestic and global markets. Earlier this year, the Company purchased high-throughput CO2 extraction equipment and completed construction of its extraction facilities. Pure Global now has the capacity to purify, formulate, extract and process to a volume of 10 kg of oil per day, up to 10,000 capsules per hour, 10,000 vape cartridges per hour, and 2,000 (60ml) tincture bottles per hour.
Pure Global is focused on developing quality, non-combustible cannabis extracts for its medical patients, which will be supported and enhanced by the Company's pharmaceutical formulations team. Formulation, purification, extraction and packaging are carried out in-house to ensure comprehensive mid-process testing for quality assurance purposes. The Company has recently secured eight new cannabis strains which include high CBD strains and premium craft cultivars, which will soon become available to medical and legal adult use consumers through its online store and provincial retail partners.
Pure Global's updated cultivation infrastructure is nearing completion and awaiting additional Health Canada approvals to initiate cultivation. While the company awaits, it will continue to source a library of genetics, low-cost, high-quality CBD inputs, and develop differentiated products to service its medical patients and soon to be announced consumer brands.
Nader Gheshlaghi, VP Production and Operations at PureSinse, has been at the forefront of operationalizing what is intended to become a first-class cultivation, extraction, production and processing facility. Gheshlaghi comments, "We have built internal processes so that the facilities' staff can be notified about any potential contaminants which ensure a superior level of product quality and consistency." This also includes auto-notifications about air contaminants and other potential pollutants that can be identified early.
Gheshlaghi also notes that PureSinse has a quality assurance lab with the ability to provide rapid-microbiology testing within 24-48 hours, rather than the usual two-week turnaround time external labs provide. This will greatly speed up processing times for Pure Global's customers while also reducing production costs.
"We are excited about the next stages of our business as our production systems come online, we solidify our brand position for the medical and consumer channels, and we initiate the scalable manufacturing of various product lines intended for Canadian and international markets," commented Malay Panchal CEO of PureSinse and Pure Global. "Most exciting are the lines of CBD-based products we are looking to deploy shortly into the medical, cosmetics, and wellness categories, with a view to helping meet the growing demand in Europe and additional countries as they come online," added Mr. Panchal.
About Pure Global Cannabis
Pure Global Cannabis Inc. (TSX.V:PURE; OTC:PRCNF; FRA:1QS) is an innovation-based cannabis company led by experienced pharma, biotechnology, horticultural, and consumer packaged goods (CPG) experts. The company's wholly owned subsidiary, PureSinse Inc., is a licensed producer under the Cannabis Act. The company's Brampton campus houses facilities for vertically farmed cultivation, R&D, extraction, manufacturing, and distribution. Pure Global will produce branded and white-labeled cannabis products for the medical, pharmaceutical, wellness, health & beauty, natural health, food & beverage, craft, and recreational legal markets with uniquely formulated and purified concentrates and dried flower. The company is using the Canadian market as a springboard to develop and manufacture GMP-compliant premium quality cannabis products for international sale and distribution with a goal to become one of the most trusted premium international cannabis brands.
This news release contains certain forward-looking statements, including, but not limited to, statements about Pure Global's future plans and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Pure Global cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Pure Global assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Pure Global Cannabis Inc.
For further information: regarding Pure Global, please contact: Stephen Pynn, VP Corporate Development, Telephone: 1-866-840-PURE (7873), E-mail: [email protected]; Malay (Mel) Panchal, President & CEO, Telephone: 1-866-840-PURE (7873), E-mail: [email protected]