Pure Global Cannabis Inc., an integrated growth-oriented cannabis bulk extracts and consumer products manufacturing company, operating through its wholly-owned subsidiary PureSinse Inc., a Health Canada Licensed Producer under the Cannabis Act, has received approvals from Health Canada to amend its existing license to add manufacturing capabilities via phase 2 of its already licensed facility in Brampton. Having completed their facility in the spring, the Company can begin cultivation and extraction immediately now that all approvals have been granted. This is a transformational event for the Company as it enables its own production as opposed to previously being dependent on wholesale purchases for its inventory hence significantly expanding its sales and margin potential.
Pure Global’s facility was designed and built to exceed regulatory standards. This approval enables the addition of a 10,000 square foot EU-GMP grade manufacturing space, comprising 12 rooms that will be used for cultivation, processing, and extraction, to the Company’s already licensed site.
With these Health Canada approvals, The Company can immediately:
- commence using its 6 tons CO2 extraction system towards enabling bulk cannabis extract and distillate sales
- commence multi-layer and vertical cultivation towards 50-100 kg per month capacity, with the first harvest expected in Q1 2020
- commence final testing of proprietary vertical growing system for phase 3 scaled deployment
- continue installation of targeted 100+ tons of biomass extraction systems for CBD isolate manufacturing for Q1 2020 readiness
- continue installation of scaled processing and packaging for vape pens, topicals, dried flower, oils, tinctures, and edibles, to add to the current capacity already in place.
Pure Global aims to become a leader in bulk cannabinoid and infused product manufacturing in Canada and globally. With the high margins this sector is experiencing, the Company is well positioned to take advantage of the growing demand. Along with leveraging its advanced manufacturing capabilities for white or private label services, the Company is also introducing its own branded products in targeted legal adult and health & beauty consumer segments including PureSinse® Wellness, Paper&Weed Pre-rolls, Kumo Edibles, Galaxy Premium Cannabis, and The Great Canadian Hemp Co®.
Receiving these cultivation and processing approvals enables the Company to begin bulk distillate sales and offering co-manufacturing services through its recently launched B2B brand, PureCanna Solutions. The Company is currently installing large scale biomass extraction equipment, with CO2 extraction capabilities already in place. PureCanna is poised to begin the sales of bulk concentrates, branded and white-label medical, recreational and wellness products as well as co-manufacturing and tolling services almost immediately.
Pure Global CEO & President, Malay Panchal said, “Receiving our phase 2 approvals from Health Canada is a significant achievement as it enables us to commence our own cultivation and extraction for our branded and B2B sales. We have worked tirelessly to prepare our team, facility, set up distribution channels, and scale our partnerships in Canada and globally for this moment. We are building to become a truly global leader and have positioned ourselves to make huge strides in the coming quarters. These efforts will help us create significant value for our shareholders, and we are very excited to be able to significantly enhance our revenue and margin generating potential with this approval.”