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Pure Extracts seems like a good company to

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MrHotCoffee   Tuesday, 02/09/21 10:46:37 PM
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Pure Extracts seems like a good company to invest in because shrooms are definitely on the horizon for legalization in the near future. Not only is this company interested in extracting psilocybin from mushrooms, but they also have experience in creating oil products from cannabis.

So, they potentially have a product to make that they could take to market in the near future through cannabis. In the very same industrial zone where they rent their buildings, there is at least one major cannabis cultivator [1]. Two other licensed cultivators are within 20km of PXTRF.

It seems easy for Pure Extracts to get cannabis because of its neighbors. Transporting 1,000 KG by a normal car is doable considering the short distance to the suppliers.

They have a B2B business model that seems like it will be profitable. Since they can make high potency extracts, they can sell oils to other companies for use in other products such as cosmetics and foods.

My one issue with this company was that they had changed their name in the past and their past company accrued some debt, but they have formed a new partnership with people that know this extraction biz [2]. You can see the history of the acquisition on the SEC/Edgar equivalent for Canada here: https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00023452&issuerType=03&projectNo=03145401&docId=4846507

Sources:
[1] Searching "cannabis pemberton" will lead you to find Coast Mountain Cannabis and Pemberton Craft Cannabis. Both of these are licensed private businesses that grow weed. They are in the same city as Pure Extracts, and I have verified that Coast Mountain is in the same area (about 500 meters away).

[2] Company history from 2006-2020

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