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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.
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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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