By April 20, 2022, cannabis could be decriminalized. At least, that’s the hope of Senate leader Chuck Schumer who says, “Hopefully, the next time this unofficial holiday, 4/20, rolls around, our country will have made progress in addressing the massive overcriminalization of marijuana in a meaningful and comprehensive way,” as quoted by CNBC. “I believe the time has come to end the federal prohibition on marijuana in this country, and I’m working with Sens. Booker and Wyden on legislation to do just that.” Should it happen, it would be substantial news for cannabis companies like Pure Extracts Technologies Corp. (CSE:PULL)(OTC:PRXTF) (XFRA:A2QJAJ), Canopy Growth Corporation (NASDAQ:CGC)(TSX:WEED), Tilray Inc. (NASDAQ:TLRY), Aurora Cannabis Inc. (NYSE:ACB), and Cronos Group Inc. (NASDAQ:CRON).
Look at Pure Extracts Technologies (CSE:PULL)(OTC:PRXTF)(XFRA:A2QJAJ)
Pure Extracts Technologies Corp. (CSE:PULL)(OTC:PRXTF)(XFRA:A2QJAJ) just announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has signed an agreement with Cannavolve Inc., one of Canada’s premier adult recreational cannabis retail sales agency.
Cannavolve provides a national cannabis sales solution and will handle field-level sales, including in-store product knowledge training for budtenders for Pure Pulls Vapes and Pure Chews. Cannavolve will assist in maximizing the distribution of Pure Extracts’ portfolio of products across Canada by engaging existing relationships with provincial wholesale buyers focused immediately on British Columbia and Alberta.
Pure Extracts CEO, Ben Nikolaevsky, remarked, “With approximately 2,000 licensed cannabis retailers in Canada and over 650 in each of Ontario and Alberta alone, we are pleased to have entered into this sales representation agreement with an established agency like Cannavolve with their boots-on-the-ground presence in every province. There is no substitute for having a regular, in-person, sales presence at the actual point of purchase retail outlet where brand awareness originates.”
Added Trace Hanlon, Partner & Director of Cannavolve, “Our field team, our Co-Founder & Partner Kye Melchert, and I are all extremely excited that Pure Extracts has chosen us as their sales agency. We have a strong track record of building brands in Canada and we look forward to being a part of Pure Extracts’ path to growth nationally”.
Other related developments from around the markets include:
Canopy Growth Corporation, a world-leading diversified cannabis, CBD and vaporization device company, announced Southern Glazer’s Wine & Spirits, the world’s pre-eminent distributor of beverage alcohol, as the distribution partner for its U.S. portfolio of CBD-infused beverages. This partnership announcement follows the recent launch of Quatreau – Canopy’s first line of CBD-infused beverages sold in the U.S. market.
Tilray Inc., and Aphria Inc. announced the completion of the previously announced business combination, ushering in a new era in the global cannabis industry. The combined company, which will operate as Tilray, brings together two highly complementary businesses to create the leading cannabis-focused consumer packaged goods company with the largest global geographic footprint in the industry. The combined company had a market cap of approximately US$8.2 billion based on the closing stock prices on April 30, 2021.
Aurora Cannabis Inc., the Canadian company defining the future of cannabinoids worldwide, announced that it has scheduled a conference call to discuss the results for its third quarter fiscal year 2021 on Thursday, May 13, 2021 at 5:00 p.m. Eastern Time. Miguel Martin, Chief Executive Officer, and Glen Ibbott, Chief Financial Officer, will host the call and a question and answer period. The Company will report its financial results for the third quarter after the close of markets on Thursday, May 13, 2021.
Cronos Group Inc. will hold its 2021 Annual Meeting of Shareholders on Friday, June 25, 2021, at 11:00 a.m. EDT. Due to the continued public health concerns related to the COVID-19 pandemic, to mitigate risks to the health and safety of our communities, shareholders, employees and other stakeholders, Cronos Group will be conducting the meeting in a virtual-only format via live audio webcast. Registered shareholders and duly appointed proxyholders will have an equal opportunity to participate in the 2021 Annual Meeting online regardless of their geographic location, including a chance to ask questions and vote.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Pure Extracts Technologies Corp. by a third party. We own ZERO shares of Pure Extracts Technologies Corp. Please click here for full disclaimer.
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