Toronto, ON — October 16, 2018 — /D.M.O. Newswire/ — Pure Global Cannabis Inc. (TSXV:PURE) (OTC:PRCNF) (FRA:1QS) (the “Company” or “Pure Global” or “PURE”), through its wholly owned subsidiary PureSinse Inc. (“PureSinse”), is pleased to announce the acquisition of state-of-the-art extraction and purification equipment for the manufacturing of concentrated, purified cannabis distillates, extracts, and oils, as well as robotic packaging equipment for high speed filling of capsules, bottles, vials, vape pens, and other products.
This GMP-compliant equipment will enable rapid manufacture of high-quality cannabis oil and oil-based products which will help supply the growing national and global demand for cannabis concentrates. The extraction equipment employs a closed-loop system to yield purified oil at high throughput rates. The robotic packaging equipment can fill numerous vessels at a very high rate with accuracy, at a capacity of 1,500 30mL bottles or 3,000 capsules per hour, and can also fill vape pen cartridges. The equipment is estimated to be delivered, installed, and engaged in full production within the next 60 to 90 days, producing cannabis products for sale into medical and adult legal, or recreational, markets.
The CO2 extraction method is considered the safest and most environmentally conscious method of extraction. PureSinse’s Extraction Lead, who possesses a Master’s in Chemical Engineering, explains: “Our supercritical CO2 system is non-flammable, non-explosive, and is readily evaporated into gas, making our production procedures safer and more efficient. This ensures that our consumers are getting the highest-quality products produced in environmentally sustainable ways.”
The closed-loop CO2 recycling system does not generate carbon emissions, making it an environmentally friendly mode of production. The expandable footprint in the acquired equipment lends to shorter processing times, hardware redundancy, scalability, and flexible material volume processing. The equipment uses tunable solvents, which allow multiple varieties of the end product to be produced.
“It is exciting to be able to produce GMP-compliant oils, capsules, and vape pens within the next few months, but this is only the beginning for us,” says Malay Panchal, President and CEO of Pure Global. “Soon, we will be manufacturing – at scale – a wide range of uniquely formulated, premium quality CBD- and THC-based cannabis products, for the medical, wellness, HABA, and food and beverage segments, ready for national and international distribution.”
About Pure Global Cannabis
Pure Global Cannabis Inc. (TSX.V:PURE; OTC:PRCNF; FRA:1QS) is an innovations-based cannabis company led by experienced pharma, biotechnology, horticultural, consumer packaged goods (CPG), and supply chain experts. The Company’s wholly owned subsidiary, PureSinse Inc., is a licensed producer under the Access to Cannabis for Medical Purposes Regulations (ACMPR), and the soon to go into effect Cannabis Act. The company’s Brampton campus will house facilities for vertically farmed cultivation, R&D, extraction, manufacturing, and distribution. PURE will produce branded and white-labelled cannabis products for the medical, pharmaceutical, wellness, health & beauty, natural health, food & beverage, and recreational legal markets with uniquely formulated and purified concentrates. The company is using the Canadian market as a spring board to develop and manufacture GMP-compliant cannabis products for international sale and distribution.
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) accept responsibility for the adequacy or accuracy of this release.
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