Pure Extracts Technologies (PULL.C) signs a new white labelling deal with FLO brands for vape products

Pure Extracts Technologies (PULL.C) subsidiary Pure Manufacturing cut a custom manufacturing and white labelling deal with Richmond, B.C.-based FLO brands for the launch of a line of cannabis vape products earlier this week, according to a press release.

FLO brands creates brands for cannabis-based products using B.C. finest genetics. The agreement requires the initial production of three SKUs of 0.5 gram, 510 vape cartridges, which will be created through a collaboration of the two companies with reliance on Pure’s 30-plus formulations.

“We are excited about launching a white-label product with our new partner, FLO Brands, a fellow B.C. company. They have enormous capacity to create new cannabis products as the market matures here in Canada and consumer tastes evolve. With the addition of FLO and the increased capacity and flexibility our new cosolvent injection system provides, we have begun to execute our strategy with craft producers and branding specialists to get their white-label products into the provincial dispensaries and drive up to $3-million of annual revenue from this vertical,” said Ben Nikolaevsky, Pure Extracts chief executive officer.

Overall, Pure Extracts will provide manufacturing services including all sales and distribution, including the white labelling, packaging, applying of excise stamps and shipping.

In related news…

Earlier this month, Pure Extracts Manufacturing inked an agreement with adult recreational cannabis retail sales agency, Cannavolve, to help widen their distribution net and brand visibility for their Pure Pulls Vapes and Pure Chews line of cannabis 2.0 products.

Some of Cannavolve’s noteworthy successes include:

• First Licensed Cannabis agency to incorporate federally in Canada
• One of first 40 official suppliers to Ontario Cannabis Store
• First national agent to be a registered Cannabis Representative with AGLC in Alberta
• First non-LP to meet with SAQ President and discuss distribution plans
• First Cannabis agency to open offices coast to coast: from Halifax, Montreal, Toronto, Calgary and Vancouver

Pure Extracts was up a penny today to close at $0.285.

—Joseph Morton