- Pure Extracts plans affiliate partnership to install cannabis and hemp extraction system in existing Michigan facility
- Company CEO notes excitement about launching into first US initiative with experienced and entrenched partners
- Agreement outlines planned renovation of existing 2,600-square-foot facility located in central Michigan
Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp and functional mushrooms, has inked a letter of intent (“LOI”) to form a joint venture that paves the way for the company’s entrance into the United States. Based on the LOI, PULL will partner with the affiliate of a publicly traded multi-state operator (“MSO”) to install a cannabis and hemp extraction system in an existing Michigan facility.
“We are really excited about launching our first US initiative into the dynamic Michigan market, especially with experienced and entrenched partners,” said Pure Extracts’ CEO Ben Nikolaevsky. “There is strong demand throughout the state for the…
NOTE TO INVESTORS: The latest news and updates relating to PULL are available in the company’s newsroom at https://cnw.fm/PULL
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