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My hobby is watching paint dry...got to have some slow calm music with it...adds to the excitement in my life
Agree, I hold my shares.. I believe patience pays off
Thanks Blue! I’m starting to think pink stocks run better on speculation without facts as opposed to real companies with real growth.
Either way this is clearly a great company to hold onto!
WCEXF's Outstanding Shares 625 million
https://www.otcmarkets.com/stock/WCEXF/security
World Class Extractions Awarded U.S. Patent for Solvent Based Extraction Methods from Large-Scale Harvests of Cannabis and Hemp Crops
https://finance.yahoo.com/news/world-class-extractions-awarded-u-073000023.html
“SUMMARY OF QUARTERLY RESULTS
Quarters Ended. Revenue ($) Net Loss ($)
Jan 31, 2021 2,649,140. 626,878
Oct 31, 2020 2,289,799. 877,189
July 31, 2020 2,067,340. 1,022,536
April 30, 2020 852,891. 7,554,235
Jan 31, 2020 75,562. 33,144,217
Oct 31, 2019 12,037. 3,642,939
July 31, 2019 167,802. 4,222,132
The Company was a private company prior to March 11, 2019, as such, quarterly results were not published.”
All year WCEXF has been increasing revenue and decreasing net loss. We can clearly see this company will show a profit during this year. CEO Rosy Mondin and her team are making this a valuable investment!
.....and as it dries, a little bit of it disappears as well.
Then some m ore is painted, and as that dries, more of it vanishes/disappears again....
It's like watching paint dry!!!!!
Been sitting on the sidelines quietly rather shocked it hasn’t taken off but a matter of time I suppose
Now Cuomo could smoke it legally lol
WCEXF revenue increased to $2,649,140 from $75,562
World Class Extractions Reports Operating and Financial Results for the Nine-Month Period Ended January 31, 2021
Thu March 25, 2021 3:30 AM|Accesswire|About: WCEXF
World-Class continues to show substantial revenue growth quarter-over-quarter with revenue of $2,649,140 for the quarter ended January 31, 2021 compared to revenue of $75,562 for the quarter ended January 31, 2020
VANCOUVER, BC / ACCESSWIRE / March 25, 2021 / World-Class Extractions Inc. (CSE:PUMP)(FRA:WCF)(OTCQB:WCEXF) (the "Company" or "World-Class"), is pleased to report the operating and financial results for its third quarter ended January 31, 2021.
Financial (unaudited)
Revenue of $2,649,140 for the quarter ended January 31, 2021 compared to $2,289,799 for the quarter ended October 31, 2020 and $75,562 revenue for the quarter ended January 31, 2020 - a 2,653% revenue growth from January 2020 to January 2021. The increase in revenue is primarily attributable to the operations of PED.
Gross margin for the quarter ended January 31, 2021 was 27%, consistent with the gross margin figure for the month of January 2021 reported in the Company's news release dated March 2, 2021, but down slightly from the gross margin figures reported for the individual months of November and December 2020.
The Company had cash at January 31, 2021 of $3,017,799 (April 30, 2020 - $5,632,160).
Working capital as at January 31, 2021 is $911,231.
The Company has long-term debt consisting of $819,216 in non-current portion of lease obligations and $92,061 in non-current loans payable.
The net loss and comprehensive loss for the three months ended January 31, 2021 was $626,878 (as compared to January 31, 2020 of $33,144,218). The loss for the three-month quarter ended January 31, 2021 (with comparisons for the quarter ended January 31, 2020) is mainly attributed to the following:
depreciation and amortization expense of $157,600 (2020 - $775,844), consulting fees of $8,500 (2020 - $132,102),; filing fees of $25,592 (2020 - $26,075); development and research expenses of $97,600 (2020 - $830,180); lease interest of $66,151 (2020 - $42,348); office expense of $140,684 (2020 - $156,933); professional fees of $166,328 (2020 - $195,315); management fees of $55,500 (2020 - $57,675), remuneration and benefits of $544,140 (2020 - $640,550); share-based payments of $11,865 (2020 - $241,131) and impairment loss of $Nil (2020 - 29,364,656)
Company Summary and Highlights
Pineapple Express Delivery Inc.
World-Class holds a controlling interest in Pineapple Express Delivery Inc. ("PED"), a company which offers compliant and secure delivery of government regulated products, including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan.
Since the Company's acquisition of a controlling interest in PED, PED has achieved the following milestones:
A total of 580,732 cannabis and alcohol deliveries for the nine months ended January 31, 2021 were made. The fluctuations in deliveries quarter over quarter are due to the COVID-19 lockdown measures put in place in the Greater Toronto Area with volumes increasing during these lockdowns. Total deliveries per quarters: 209,676 - three months ended January 31, 2021, 181,569 - three months ended October 31, 2020 and 189,487 - three months ended July 31, 2020.
The number of drivers changed from 55 at the beginning of 2020, to approximately 190 by the end of July 31, 2020, 180 by October 31, 2020 and 200 by January 31, 2021. Efficiencies have also been created by routing deliveries through hub expansions and concentrating drivers to tighter geographical areas, leading to less hours used by drivers for the timely delivery of packages.
Offering same day cannabis delivery service in 37 cities (183 postal code regions) and 3-day service in 65 cities (288 postal code regions) in Ontario, PED expanded cannabis delivery services to Ottawa, Barrie, Kingston, London, and the Windsor/Chatham region.
Expanded liquor delivery services to provide same-day and next-day delivery of wine, spirits and beer products from Saskatoon Co-op's Wine-Spirits-Beer retail stores in Saskatoon, Warman and Martensville.
Partnered with Medical Cannabis by Shoppers™ to offer same-day delivery to their medical cannabis patients in cities in and around the Greater Toronto Area (GTA).
Partnered with Spectrum Therapeutics, the medical division of Canopy Growth Corporation to bring same-day delivery to medical cannabis patients in the GTA.
Partnered with CannTrust Inc. to provide deliveries for estoraTM medical cannabis products to CannTrust patients in Ontario, under the name "Trust Delivery - Powered by Pineapple Express".
Several contracts in place with Health Canada license holders for delivery within select provinces in Canada (B2B cannabis delivery services).
Late-stage applicant to Health Canada to obtain a ‘Sale for Medical Purposes' license for its facility located in the GTA. With a population of 6-million people, this sales license gives PED the ability to store inventory for other license holders, allowing PED to leverage its facility in the GTA and offer same day delivery services to the patients of those LPs.
The Company cautions that figures for revenue, gross margin, and number of deliveries generated from the services offered by Pineapple Express Delivery have not been audited beyond April 30, 2020 and any monthly updates are based on calculations prepared by the Company and management of Pineapple Express Delivery. Actual results may differ from those reported in this release once figures have been audited.
Soma Labs
The Company's subsidiary, Soma Labs Scientific Inc. ("Soma"), has focused on production, quality and compliance of systems, technologies, processes and procedures for cannabis and hemp extraction and processing, including the BOSS CO2 Extraction System and the BEAST Ethanol Extraction System. World-Class continues to focus on monetizing its Soma Labs' assets, including the extraction and processing systems, technology and processes to produce cannabis and hemp concentrates and end-products.
Patent Applications and Information
The Company has previously filed, and will continue to file, patent applications directed to its proprietary systems and methods for producing cannabis and hemp extracts. Such systems and methods are believed to be novel and non-obvious, based on the ability of the World-Class Technologies to produce extracts that have substantially greater concentrations of target cannabinoids and possess minimal contaminants. Additional advantages of the World-Class Technologies include the ability to process very large volumes of cannabis and hemp plant material.
The United States Patent and Trademark Office ("USPTO") has awarded the Company the following U.S. Patents:
U.S. Patent No. 10,851,077, issued on December 1, 2020 in relation to the Company's methods for extracting and concentrating cannabinoids and other target compounds from cannabis using ultrasound-enhanced solvent extraction. WCE's patented plant processing technology allows for prompt cannabinoid extraction following harvest, including the root and all other parts of the hemp plant and further utilizes ethanol for extraction, as opposed to the use of toxic hydrocarbon solvents. WCE's patented process additionally uses precisely focused ultrasound to release cannabinoids from the hemp plant that produces CBD yields that are believed to be among the highest in the industry while also minimizing biomass waste and solvent usage.
U.S. Patent No. 10,946,306, issued on March 16, 2021 in relation to the Company's methods for the systematic extraction and concentration of cannabinoids and other target compounds via solvent extraction from large scale harvests of cannabis and hemp crops. World-Class' patent process minimizes energy consumption, conserves the volume of solvent utilized in the extraction process, and maximizes the quantity of cannabinoids sought to be extracted on a large-scale, commercial basis, than other known cannabinoid extraction techniques.
These patents continue to supplement World-Class' goal to achieve the most sustainable, efficient, and economical method of large-scale commercial production of cannabis plant material.
Update regarding Cobra Ventures & HydRx Farms Debenture Investment
During the period ended January 31, 2021, World-Class provided a $2.5M loan to Cobra Ventures Inc. ("Cobra") with respect to a debenture purchase of HydRx Farms Ltd. operating as Scientus Pharma("HydRx"). World-Class subsequently sold its 50% interest in Cobra to the remaining shareholder of Cobra, the sale of which included the receipt of all funds ($2.5 million) previously advanced by World-Class to Cobra. The World-Class loan was paid out in full, and World-Class has no further interest in Cobra and no ongoing role or involvement with HydRx or the HydRx debenture.
About World-Class Extractions Inc.
World-Class is an innovation-driven company with a principle focus on the rapidly evolving cannabis and hemp industries. World-Class offers compliant and secure delivery of government regulated products through its subsidiary Pineapple Express Delivery Inc., including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan. World-Class continues to investigate opportunities to deploy and manage custom-built extraction centres utilizing its custom systems, technology, and processes to efficiently produce high-quality cannabis and hemp concentrates and end-products.
Contact
World-Class Investor Relations
1-437-266-1968
ir@worldclassextractions.com
https://worldclassextractions.com
https://seekingalpha.com/pr/18245831-world-class-extractions-reports-operating-and-financial-results-for-nine-month-period-ended
NYTimes: New York Reaches a Deal to Legalize Recreational Marijuana
New York Reaches a Deal to Legalize Recreational Marijuana ... Andrew M. Cuomo to allow the recreational use of cannabis for adults 21 and ... could be consumed, according to details obtained by The New York Times.
https://www.nytimes.com/2021/03/25/nyregion/ny-legalize-marijuana.html?action=click&module=Top%20Stories&pgtype=Homepage
accesswire.com/637358/World-Class-Extractions-Reports-Operating-and-Financial-Results-for-the-Nine-Month-Period-Ended-January-31-2021
$PUMP.CN $PUMP $WCEXF
World Class Extractions Reports Operating and Financial Results for the Nine-Month Period Ended January 31, 2021
Thursday, March 25, 2021 3:30 AM
Share this article now
Topic:
Company Update
World-Class continues to show substantial revenue growth quarter-over-quarter with revenue of $2,649,140 for the quarter ended January 31, 2021 compared to revenue of $75,562 for the quarter ended January 31, 2020
VANCOUVER, BC / ACCESSWIRE / March 25, 2021 / World-Class Extractions Inc. (CSE:PUMP)(FRA:WCF)(OTCQB:WCEXF) (the "Company" or "World-Class"), is pleased to report the operating and financial results for its third quarter ended January 31, 2021.
Financial (unaudited)
Revenue of $2,649,140 for the quarter ended January 31, 2021 compared to $2,289,799 for the quarter ended October 31, 2020 and $75,562 revenue for the quarter ended January 31, 2020 - a 2,653% revenue growth from January 2020 to January 2021. The increase in revenue is primarily attributable to the operations of PED.
Gross margin for the quarter ended January 31, 2021 was 27%, consistent with the gross margin figure for the month of January 2021 reported in the Company's news release dated March 2, 2021, but down slightly from the gross margin figures reported for the individual months of November and December 2020.
The Company had cash at January 31, 2021 of $3,017,799 (April 30, 2020 - $5,632,160).
Working capital as at January 31, 2021 is $911,231.
The Company has long-term debt consisting of $819,216 in non-current portion of lease obligations and $92,061 in non-current loans payable.
The net loss and comprehensive loss for the three months ended January 31, 2021 was $626,878 (as compared to January 31, 2020 of $33,144,218). The loss for the three-month quarter ended January 31, 2021 (with comparisons for the quarter ended January 31, 2020) is mainly attributed to the following:
depreciation and amortization expense of $157,600 (2020 - $775,844), consulting fees of $8,500 (2020 - $132,102),; filing fees of $25,592 (2020 - $26,075); development and research expenses of $97,600 (2020 - $830,180); lease interest of $66,151 (2020 - $42,348); office expense of $140,684 (2020 - $156,933); professional fees of $166,328 (2020 - $195,315); management fees of $55,500 (2020 - $57,675), remuneration and benefits of $544,140 (2020 - $640,550); share-based payments of $11,865 (2020 - $241,131) and impairment loss of $Nil (2020 - 29,364,656)
Company Summary and Highlights
Pineapple Express Delivery Inc.
World-Class holds a controlling interest in Pineapple Express Delivery Inc. ("PED"), a company which offers compliant and secure delivery of government regulated products, including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan.
Since the Company's acquisition of a controlling interest in PED, PED has achieved the following milestones:
A total of 580,732 cannabis and alcohol deliveries for the nine months ended January 31, 2021 were made. The fluctuations in deliveries quarter over quarter are due to the COVID-19 lockdown measures put in place in the Greater Toronto Area with volumes increasing during these lockdowns. Total deliveries per quarters: 209,676 - three months ended January 31, 2021, 181,569 - three months ended October 31, 2020 and 189,487 - three months ended July 31, 2020.
The number of drivers changed from 55 at the beginning of 2020, to approximately 190 by the end of July 31, 2020, 180 by October 31, 2020 and 200 by January 31, 2021. Efficiencies have also been created by routing deliveries through hub expansions and concentrating drivers to tighter geographical areas, leading to less hours used by drivers for the timely delivery of packages.
Offering same day cannabis delivery service in 37 cities (183 postal code regions) and 3-day service in 65 cities (288 postal code regions) in Ontario, PED expanded cannabis delivery services to Ottawa, Barrie, Kingston, London, and the Windsor/Chatham region.
Expanded liquor delivery services to provide same-day and next-day delivery of wine, spirits and beer products from Saskatoon Co-op's Wine-Spirits-Beer retail stores in Saskatoon, Warman and Martensville.
Partnered with Medical Cannabis by Shoppers™ to offer same-day delivery to their medical cannabis patients in cities in and around the Greater Toronto Area (GTA).
Partnered with Spectrum Therapeutics, the medical division of Canopy Growth Corporation to bring same-day delivery to medical cannabis patients in the GTA.
Partnered with CannTrust Inc. to provide deliveries for estoraTM medical cannabis products to CannTrust patients in Ontario, under the name "Trust Delivery - Powered by Pineapple Express".
Several contracts in place with Health Canada license holders for delivery within select provinces in Canada (B2B cannabis delivery services).
Late-stage applicant to Health Canada to obtain a ‘Sale for Medical Purposes' license for its facility located in the GTA. With a population of 6-million people, this sales license gives PED the ability to store inventory for other license holders, allowing PED to leverage its facility in the GTA and offer same day delivery services to the patients of those LPs.
The Company cautions that figures for revenue, gross margin, and number of deliveries generated from the services offered by Pineapple Express Delivery have not been audited beyond April 30, 2020 and any monthly updates are based on calculations prepared by the Company and management of Pineapple Express Delivery. Actual results may differ from those reported in this release once figures have been audited.
Soma Labs
The Company's subsidiary, Soma Labs Scientific Inc. ("Soma"), has focused on production, quality and compliance of systems, technologies, processes and procedures for cannabis and hemp extraction and processing, including the BOSS CO2 Extraction System and the BEAST Ethanol Extraction System. World-Class continues to focus on monetizing its Soma Labs' assets, including the extraction and processing systems, technology and processes to produce cannabis and hemp concentrates and end-products.
Patent Applications and Information
The Company has previously filed, and will continue to file, patent applications directed to its proprietary systems and methods for producing cannabis and hemp extracts. Such systems and methods are believed to be novel and non-obvious, based on the ability of the World-Class Technologies to produce extracts that have substantially greater concentrations of target cannabinoids and possess minimal contaminants. Additional advantages of the World-Class Technologies include the ability to process very large volumes of cannabis and hemp plant material.
The United States Patent and Trademark Office ("USPTO") has awarded the Company the following U.S. Patents:
U.S. Patent No. 10,851,077, issued on December 1, 2020 in relation to the Company's methods for extracting and concentrating cannabinoids and other target compounds from cannabis using ultrasound-enhanced solvent extraction. WCE's patented plant processing technology allows for prompt cannabinoid extraction following harvest, including the root and all other parts of the hemp plant and further utilizes ethanol for extraction, as opposed to the use of toxic hydrocarbon solvents. WCE's patented process additionally uses precisely focused ultrasound to release cannabinoids from the hemp plant that produces CBD yields that are believed to be among the highest in the industry while also minimizing biomass waste and solvent usage.
U.S. Patent No. 10,946,306, issued on March 16, 2021 in relation to the Company's methods for the systematic extraction and concentration of cannabinoids and other target compounds via solvent extraction from large scale harvests of cannabis and hemp crops. World-Class' patent process minimizes energy consumption, conserves the volume of solvent utilized in the extraction process, and maximizes the quantity of cannabinoids sought to be extracted on a large-scale, commercial basis, than other known cannabinoid extraction techniques.
These patents continue to supplement World-Class' goal to achieve the most sustainable, efficient, and economical method of large-scale commercial production of cannabis plant material.
Update regarding Cobra Ventures & HydRx Farms Debenture Investment
During the period ended January 31, 2021, World-Class provided a $2.5M loan to Cobra Ventures Inc. ("Cobra") with respect to a debenture purchase of HydRx Farms Ltd. operating as Scientus Pharma("HydRx"). World-Class subsequently sold its 50% interest in Cobra to the remaining shareholder of Cobra, the sale of which included the receipt of all funds ($2.5 million) previously advanced by World-Class to Cobra. The World-Class loan was paid out in full, and World-Class has no further interest in Cobra and no ongoing role or involvement with HydRx or the HydRx debenture.
About World-Class Extractions Inc.
World-Class is an innovation-driven company with a principle focus on the rapidly evolving cannabis and hemp industries. World-Class offers compliant and secure delivery of government regulated products through its subsidiary Pineapple Express Delivery Inc., including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan. World-Class continues to investigate opportunities to deploy and manage custom-built extraction centres utilizing its custom systems, technology, and processes to efficiently produce high-quality cannabis and hemp concentrates and end-products.
Contact
World-Class Investor Relations
1-437-266-1968
ir@worldclassextractions.com
https://worldclassextractions.com
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management of the Company.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws, including with respect to the deployment of extraction and processing systems for cannabis and hemp and the ability of Pineapple Express Delivery to expand its delivery services and to provide discrete shipment of products. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
I'm still here too Blue
holding my shares
Well Blue.... you still behind this one?
Still here, still holding ;)
Dead here the last couple days. Where did everyone go? 0.028 - 0.032 every day is pretty boring I guess.......
https://ceo.ca/@accesswire/world-class-extractions-awarded-us-patent-for-solvent
World Class Extractions Awarded U.S. Patent for Solvent Based Extraction Methods from Large-Scale Harvests of Cannabis and Hemp Crops
Wednesday, March 17, 2021 3:30 AM
Share this article now
Topic:
Company Update
~ Issuance of U.S. Patent No. 10,946,306 covering methods for the efficient extraction and concentration of cannabinoids and other target compounds from large-scale harvests of cannabis and hemp crops, continuing to bolster World Class' intellectual patent portfolio
VANCOUVER, BC / ACCESSWIRE / March 17, 2021 / World-Class Extractions Inc. (CSE:PUMP) (FRA:WCF) (OTCQB:WCEXF) (the "Company" or "World-Class") is pleased to announce the United States Patent and Trademark Office ("USPTO") has issued U.S. Patent No. 10,946,306 on March 16, 2021 in relation to the Company's methods for the systematic extraction and concentration of cannabinoids and other target compounds via solvent extraction from large scale harvests of cannabis and hemp crops. This is World-Class' second issued U.S. patent.
World-Class' patented plant processing technology allows for the solvent-based extraction of cannabinoids from virtually all types of cannabis plant materials, including hemp, derived from large-scale commercial farming operations. World-Class' patent process minimizes energy consumption, conserves the volume of solvent utilized in the extraction process, and maximizes the quantity of cannabinoids sought to be extracted on a large-scale, commercial basis, than other known cannabinoid extraction techniques.
World-Class believes that these patented methods will be exceptionally effective for use in future applications where annually harvested cannabis and hemp plant material will be produced as a bulk commodity, as future growth forecasts indicate. This patent continues to supplement World-Class' goal to achieve the most sustainable, efficient, and economical method of large-scale commercial production of cannabis plant material.
Provisions of the patent cover several broad steps throughout the extraction process ranging from: harvesting, drying, pre-chopping, classification and decortication, grinding, pelletizing, and crumbling/powderization in preparation for extraction via a series of inverting filter centrifugation steps. In addition, if required, the patent also contemplates long-term preservation and storage after pelletizing. Advantageously, the methods of the patent are ideally suited for treating and extracting large volumes of cannabis plant material at the time of harvest but also can be deployed to produce cannabinoid-rich extracts from stored plant material regardless of the growing season depending on commercial demand.
"As is widely recognized in the extraction industry, the amount and type of solvent used in the extraction process is one of the largest cost variables for operating extraction equipment. Covering the use of both water and ethanol, the key to this technology is the novel way by which this invention sequentially produces more concentrated extracts, generating extremely high yields while also conserving solvent, improving the extraction economics significantly," stated Rosy Mondin, CEO of World-Class. "In addition, this patent facilitates the long-term preservation and storage of cannabis plant material at the time of harvest, minimizing the risk that the seasonal harvested cannabis material becomes perishable prior to extraction."
About World-Class Extractions Inc.
World-Class is an innovation-driven company with a principle focus on the rapidly evolving cannabis and hemp industries. World-Class offers compliant and secure delivery of government regulated products through its subsidiary Pineapple Express Delivery Inc., including medical and recreational cannabis in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan. World-Class continues to investigate opportunities to deploy and manage custom-built extraction centres utilizing its custom systems, technology, and processes to efficiently produce high-quality cannabis and hemp concentrates and end-products.
Investor Contact
World-Class Investor Relations
1-437-266-1968
ir@worldclassextractions.com
https://worldclassextractions.com
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management of the Company.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws, including with respect to the deployment of extraction and processing systems for cannabis and hemp. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
NEWS - World Class Extractions Awarded U.S. Patent for Solvent Based Extraction Methods from Large-Scale Harvests of Cannabis and Hemp Crops
https://finance.yahoo.com/news/world-class-extractions-awarded-u-073000023.html
PUMP is the Canadian ticker. Perfect name for a reason
Anthony durkacz is a scammer (see HUGE)
FSD Pharma - due in court for self enriching insiders
Rosey Mondin is part of this World Class scam as well
Total garbage stock
Buying opportunity! Just picked up another 50k
awesome stock, patience pays off..
Bought another 50K shares today for a total of 1.05M shares now. Accumulated and ready to rock!!!!!
If you want this to move UP, slap that ASK Golf!
this is my opinion only.
a couple of months ago, seeing how many low otc CE and limited tickers were popping, i used OTC markets to do a search.
sure enough, i found a lot of tickers that had been frontloaded within the past 5 weeks. they hadn't jumped yet.
i considered loading a few, but just couldn't bring myself to do it.
every one of them has had 10x-20x runs as twitter went through them......hindsite, right??????
This one shows no sign of front loading that i can see......probabaly because it wasn't in trips.
so the pumpers avoid it as they cant get in super cheap, and right now the market is being dominated by pumps and pumpers (more than usual)
if we actually get some eyes that can see the current revenues being produced and the prospects of this company, we will jump. but right now i believe most 'players' are looking for the one big score and following like sheep from one to the next on twitter.
IMHO only
regards,
Draego
That was mine, and my purchase order was for 10,000 shares...... I'm pissed it only filled for 900 shares. Who wants to sell only 900 shares???
I'm trying to keep adding to my position here.....
GRRRRRRRRR.....Someone's selling into the strength again. And the last one was for only 900 f'ing shares. What's the point of $20???????
Agree accumulation continues
All week it has stayed flat. Looking like accumulation. Looking forward to the day this puppy pops!
Let's get ready to rumble!!!!
Watchers are starting to grow in ST. The window for cheap shares is closing imo
My only green play today...looks good
I like it too.. extremely undervalued legit cannabis stock with low float..
Giddy up!!!!
WCEXF slow and steady accumulation continues
Yeah that’s awesome. Ok real ask slapping starts, this is going to move quick.
There's a few folks on here with several million shares. Let's roll!!!!!!
Same! A little more but basically the same :$
Yes it is...have my 500K shares and ready to get this party started!
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WORLD CLASS EXTRACTIONS INC.
The OTCQB Venture Market, under the symbol: “WCEXF”.
The Company is listed on the Canadian Securities Exchange (“CSE”) under the symbol “PUMP”,
The Frankfurt Stock Exchange under the symbol “WCF” and “WKN:A2PF9C”
The Company, previously focused on research and development, is exploring opportunities to deploy and operate revenue-generating, purpose-built extraction and processing facilities for cannabis and hemp. World-Class deploys and manages extraction and processing centres through alliances with licensed entities in Canada. With the recent acquisition of PED, the Company also added cannabis delivery to its businesses.
The Company operates through its two wholly-owned subsidiaries: Soma Labs Scientific Inc. (“Soma Labs” or “Soma”), and Greenmantle Products Inc. (“Greenmantle”), both based in the Lower Mainland of British Columbia and its partially-owned subsidiary, PED based in Burlington, Ontario.
Quality extracts. This is the pursuit that guides Soma Labs and inspires every aspect of our equipment design, research, and scientific services.
The Soma Labs team combines cannabis industry expertise with experience in:
We don’t just build the equipment – we use it.
Soma Labs in-house team of chemists work at the frontier of extract science, engaging in ongoing R&D for extract testing, formulation, and product development.
Our design and engineering philosophy rests on continuously adapting for ultimate performance. Soma Labs represents the nexus of craftsmanship and technology.
Cannabis industry experience, paired with scientific expertise allows us to operate a vertically integrated business. This comprehensive approach to design, manufacture and supply is why we are a leading provider of end-to-end extraction and processing solutions.
Soma Labs incorporated under the Business Corporations Act of the Province of British Columbia on January 8, 2016, is a designer, manufacturer, and supplier of extraction and processing equipment and solutions. Soma Labs works with industry partners to design and establish extraction and processing facilities for cannabis and hemp oil production.
-------------------------------------------------
WCEXF's Sub Company
Design and development of dispensing and consumption devices specifically for cannabis extracts with a specialty in vape hardware.
Greenmantle offers integrated extract and product development consultations to branding and packaging solutions.
Greenmantle Products is a subsidiary of World-Class Extractions.
Greenmantle Products designs and develops consumption devices specifically for cannabis extracts with a specialty in vape hardware. With in-house engineering and hands-on formulation experience, GMP works directly with manufacturers to design innovative solutions.
Greenmantle’s Offerings Include
GMP has over 50 different cartridges, pens and vape solutions for licensed participants. Health Canada legalized the production and sale of cannabis extracts, edibles, and topicals on October 17 2019.
Online ordering and doorstep delivery have become the new normal as patients and consumers continue to rely on convenient and sustainable delivery services
VANCOUVER, BC / ACCESSWIRE / January 26, 2021 / World-Class Extractions Inc. (CSE:PUMP) (FRA:WCF) (OTCQB:WCEXF) ("Company" or "World-Class"), is pleased to provide an update on Pineapple Express Delivery Inc. ("Pineapple Express Delivery" or "PED"), a company in which World-Class has a controlling interest. PED is a leading logistics technology company offering compliant and secure delivery of controlled substances and regulated products, including medical and recreational cannabis delivery in Ontario, Manitoba and Saskatchewan, and liquor delivery in certain jurisdictions in Saskatchewan.
Pineapple Express Delivery - Highlights
The following PED revenues comprise of delivery services of medical and recreational cannabis within Ontario and Manitoba to various Business-to-Consumer and Business-to-Business licensed producer companies and liquor deliveries in Saskatchewan:
The Company cautions that figures for revenue, gross profit and net income generated from the services offered by Pineapple Express Delivery have not been audited beyond April 30, 2020 and are based on calculations prepared by the management of Pineapple Express Delivery. Actual results may differ from those reported in this release once figures have been audited.
Pineapple Express Delivery - Operational Achievements
Since the Company's acquisition of a controlling interest in PED, PED has achieved the following operational milestones:
Pineapple Express Delivery - Expansion Strategies
Pineapple Express Delivery continues to advance into new territories, offering safe and secure delivery opportunities to better serve the public. PED anticipates its revenues will increase over the coming months resulting from jurisdictional expansion and continuously improving and expanding its delivery services offerings:
Pineapple Express Delivery - Growth in Delivery Services: COVID-19 and Beyond
Aspiring to be the ‘Amazon' of regulated product deliveries, Pineapple Express Delivery is based in Burlington, Ontario, providing B2C and B2B delivery options for controlled substances and regulated products deliveries (cannabis, alcohol and prescription products). PED is currently one of the premiere, most utilized delivery services in Ontario, and will continue to maintain its high standards of security and compliance for same day and next day parcels, even as it grows to meet provincial need.
PED benefits from a management team with over 10 years of experience offering same-day delivery services in multiple industries across Canada. Its founder, Randy Rolph, founded Menu Express delivery in Quebec in 2010, which was subsequently purchased by Just Eat in 2014. Mr. Rolph then founded Delivery Direct in 2015, becoming the national leader in 60 min delivery. The proprietary logistics software behind Just Eat and Delivery Direct brings the most reliable same-day, last mile delivery services for the controlled substances and regulated market across Canada.
The COVID-19 pandemic has forever changed shopping behaviours. With the unfortunate outbreak of COVID-19 and the cannabis sector deemed an ‘essential' service, there has been a surge in demand for delivery with more and more people staying indoors and practicing social distancing. Cannabis patients and consumers have embraced delivery to safely access regulated products, and PED is experiencing increased demand for its services. In response to this surge in volume, PED has increased the number of delivery drivers to over 200 in 2020.
An increase in deliveries during a health crisis also equates to an increase in routine and preventative measures. As such, PED has implemented strict COVID-19 practices and procedures in its offices, warehouses, and in delivery driver procedures, including equipping all driver vehicles with a 360º security camera. PED ensures that its staff has the necessary tools to abide by Health Canada and provincial health guidelines, including face coverings, gloves, hand sanitizer, and disinfectants.
Rosy Mondin, CEO of World Class Extractions stated, "The COVID-19 pandemic has created an urgent demand for home delivery like we've never seen before and it's unlikely that Canadians will ever return to their old shopping habits. People shop online because of convenience - and online shopping and delivery of legal cannabis is no different. E-commerce is thriving, and according to a recent Paypal study, online shopping increased by 53% as more people self-isolated and worked from home, and over 45% of consumers also used home delivery[1]". Ms. Mondin continued, "Given the history of cannabis legalization, there still exists a lingering stigma of physically visiting retail cannabis stores for many new consumers. After months of lockdown and social distancing pushing more patients and consumers online, Canadians have come to value the convenience of a legal, proven and reliable delivery solution for cannabis and other regulated products, a trend that is likely to stay."
Randy Rolph, Founder & CEO of Pineapple Express Delivery stated, "In 2020, we have seen the public health and economic crises of the COVID-19 pandemic take a terrible toll on many Canadians and Canadian businesses and we are proud to be a platform that so many Canadians have been able to use to during these difficult times. The guiding principles of PED is that patients and consumers should be able to receive their regulated product orders (alcohol, prescription medications and cannabis) as quickly, safely and as easily as they can obtain any other product in Canada. The pandemic is far from over and many of the habits formed during this pandemic will likely stick post-pandemic. PED's widespread network and large delivery fleet provides important, much-needed access to thousands of patients and consumers every day."
“We are excited about the development of the BEAST, the first of its kind in Canada. The Beast is a high efficiency ethanol extraction system which represents the end result of extensive research and development. The Beast has the capability of providing licensed producers the ability to process extraordinary amounts of biomass per day.”
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WCEXF Update: Revenue 578%, Delivery 539% increased
https://www.accesswire.com/625895/World-Class-Extractions-Provides-Year-End-Update-on-Pineapple-Express-Delivery
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CEO, World-Class Extractions Inc.
Co-founder, Soma Labs Scientific Inc.
With over two decades of legal and entrepreneurial experience, Ms. Mondin has successfully launched and managed start-ups and publicly-traded companies.. Having specialized in corporate law and regulatory affairs, Rosy has held executive positions with venture companies in real-estate product securitization, market infrastructure (regulatory application and licensing), and in the cannabis industry. Rosy has served as a director and strategic advisor for companies involved in the processing, distribution, retail, and safe use of medical cannabis. She is the founder of the Cannabis Trade Alliance of Canada (CTAC) and currently serves as special advisor to the Association of Canadian Cannabis Retailers (ACCRES). In 2016, Ms. Mondin was invited to participate in round table consultations with the federal Task Force on Cannabis Legalization and Regulation and at the Senate Standing Committee to provide key input on the Cannabis Act.
Ms. Mondin’s credibility within government, advocacy, education and business circles has earned her a solid reputation as an industry expert, entrepreneurial leader, special advisor, and legislative authority in the cannabis space. In 2016, Rosy founded Soma Labs Scientific which amalgamated to form Quadron Cannatech Corporation. Quadron listed with the CSE in January 2017, making her the world’s first female founder CEO of a publicly traded cannabis company. In June 2019, Rosy was appointed as the new CEO of World-Class Extractions after the merger with Quadron, leading a diverse team of engineers, scientists and innovators.
Ms. Mondin is a renowned keynote speaker for major industry events such as the Lift Cannabis Expo, O’Cannabiz Conference and the International Cannabis Business Conference, to name a few. Rosy has been interviewed by major media channels including BNN, CBC, BTV, CTV and the Globe & Mail. In 2018, Ms. Mondin won the first-ever ‘Womxn in Weed – Trailblazer’ Award at the Canadian Cannabis Awards. She has been widely recognized as one of the most influential women in the cannabis space as featured in ‘Women in Weed’ and ‘The Growth Op’.
As the legal cannabis industry gains traction in Canada, and around the world, Rosy is excited to be on the cusp of this new, fast-growing industry.
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President, World-Class Extractions Inc.
Co-founder, Soma Labs Scientific Inc.
Leo held numerous executive positions in successful private and public Canadian companies and has been involved in numerous private company acquisitions, mergers and integrations. His skills in negotiation and strategic development will enable World-Class Extractions to leverage partnerships and accelerate expansion.
Mr. Chamberland’s strategic vision enabled him to focus on developing advanced extraction systems and solutions by co-founding Soma Labs Scientific Inc. in 2014
CFO, World-Class Extractions Inc.
Over 15 years experience in providing financial leadership, compliance and consulting services to private and public entities. Zara served as a controller for a marketing company, as an accountant in public practice for a CA firm, a CGA firm and as an analyst for a pension fund. Zara has served as director and officer for several listed issuers and has been part of teams that have facilitated several financings and acquisition transactions.
Ms. Kanji is passionate about financial literacy and regularly provides presentations for entrepreneurs, start-ups, women’s groups and new Canadians and is a Member of CPA BC and CPA Canada. Zara holds a Bachelor of Technology in Accounting and a Diploma in Corporate Finance.
Zara’s diversified financial expertise adds substantial intellectual and leadership value to World-Class Extractions management team and strengthens the company’s position to meet its financial goals.
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CIO, World-Class Extractions Inc.
Co-founder, Soma Labs Scientific Inc.
With over 30 years of business experience as an innovator and successful entrepreneur Mr. Lander was the driving force behind the conceptualization, design and build of the BOSS CO2 Extraction System. Mr. Lander is the CEO of Odorchem Manufacturing Corp., a manufacturer and distributor of ‘ONA’, the largest known odor abatement product specifically formulated for cannabis for 22 years.
Mr. Lander has 15 years’ experience working with supercritical CO2 and 25 years’ experience in mechanical design and systems automation.
With a wealth of experience in designing, building and executing on efficient extraction systems in the odor abatement or algae space, Shane has proven himself over and over to be an innovator, creating engineering, energy and resource efficiencies that will take our technologies to the next level.
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