Pure Extract Technologies (CSE: PULL) Provides Update on Expansion into Functional Mushrooms Sector

December 17, 2020 13:54:57
  • Pure Extracts Technologies recently provided update into its expansion into functional mushrooms sector
  • Functional mushrooms have enjoyed surge in popularity as of late, are increasingly being used in wide variety of healthcare, pharmaceutical products
  • Functional mushrooms sector is expected to grow to annual market value of $34.4 billion by 2024
  • Pure Extracts plans to develop high bio-available products derived from functional mushrooms through use of its proprietary extraction processes
  • Company also set to launch its own branded functional mushrooms-based products under ‘Pure Mushrooms’ brand from Q1 2021 onwards and has signed a LOI with the PURICA(TM) brand of mushroom wellness products

Pure Extracts Technologies (CSE: PULL) (XFRA: A2QJAJ), a plant-based extraction company focused on the cannabis, hemp, and functional mushroom sectors, recently updated investors on its expansion into the functional mushroom wellness sector, which have built upon its existing ventures. One such venture, initiated in December, is its extraction tolling business – a process through which cannabis and hemp biomass is converted into THC and CBD oil.

Functional mushrooms can be defined as a modified type of mushroom variety with added benefits relative to traditional mushroom varieties, often boasting extremely high nutritional profiles and possessing a number of medicinal and flavor-enhancing benefits. The sector has enjoyed a remarkable upsurge in popularity as of late, with functional mushrooms increasingly used in a wide variety of…

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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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