Investor
Ideas #Potcasts; #Cannabis News and #Stocks on the Move; Interview with CEO of (TSXV: $PURE.V) (OTC: $PRCNF) Pure Global
Cannabis
Delta, Kelowna, BC, December 6, 2019 (Investorideas.com
Newswire) www.Investorideas.com, a global news source covering leading sectors
including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast
edition of cannabis news and
stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Read this in full
at https://www.investorideas.com/news/2019/cannabis-potcasts/12061Interview-PURE.asp
Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com
"Potcast" featuring cannabis news, stocks to watch as well as
insights from thought leaders and experts.
In today’s podcast
Investorideas interviews Malay Panchal, the Founder and CEO of Pure Global Cannabis Inc. (TSXV: PURE) (OTC: PRCNF), where we discussed recent developments
within the company, industry trends in both the medical and recreational
markets as well as Pure Global’s international partnerships.
Pure
Global Cannabis Inc. recently announced receiving approvals from Health Canada to
amend its existing license to add manufacturing capabilities via phase 2 of its
already licensed facility in Brampton. Having completed their facility in the
spring, the Company can begin cultivation and extraction immediately now that
all approvals have been granted. This is a transformational event for the
Company as it enables its own production as opposed to previously being
dependent on wholesale purchases for its inventory hence significantly
expanding its sales and margin potential.
Pure
Global’s facility was designed and built to exceed regulatory standards. This
approval enables the addition of a 10,000 square foot EU-GMP grade
manufacturing space, comprising 12 rooms that will be used for the cultivation,
processing, and extraction, to the Company’s already licensed site.
Panchal
discussed how Pure Global has helped
differentiate themselves from other with regards to manufacturing saying, “in
terms of manufacturing there a few companies who have been able to achieve EU
GMP certifications necessary for international import/export and manufacturing capacities.
To me this industry is not a sprint, it's a marathon and many have been
sprinting and collapsing. You need to have the foresight and vigor to deploy
operations that are going to result in a consistent product that is of a
premium quality and that consumers can really trust. So our aim is to really
deploy a higher grade of cannabinoid based products, including product lines
like dry flower, edibles, concentrates and vapes. Our facilities has the
ability to manufacture those at an EU GMP Grade and at a scale capacity.”
Panchal also went
on to discuss the company’s joint development agreement with KMT-Hansa
Corp. in respect of the processing, extraction, cultivation and
manufacturing of hemp and related products across approximately 17,000 acres of
land in the province of Yunnan. The Agreement will take advantage of the Hemp
International Industry Park Special Economic Zone License granted to KMT by
Yuanjiang County, Yuxi City, Yunnan Province, permitting the growth,
cultivation, extraction and production of industrial hemp products for export.
The license registration process is expected to complete within the next 60
days while operations are setup.
Pure Global will be
the management and development partner in connection with the Project, with KMT
providing the necessary resources and personnel. Pure Global will be responsible
for the technology, know how, genetics and sales and distribution of hemp
products produced in connection with the Project. The Company will design Good
Manufacturing Practices compliant facilities and manage the development and
deployment of the Project while overseeing the ongoing operations for the
manufacturing and cultivation of high-quality hemp products and by-products,
including CBD. Pure will have the right of first refusal to sell and distribute
all manufactured products and by-products in all international jurisdictions.
KMT will be
responsible for securing and maintaining all necessary permits and licenses
with the Chinese Government and Authorities to grow, extract, process and
export CBD and hemp by-products grown on the lands that have been government
sanctioned for the region's economic development.
Panchal also went
on to discuss what investors can expect next from Pure Global Cannabis as well
as industry trends being noticed in the Canadian market.
Investor ideas reminds all listeners to read
our disclaimers and disclosures on the
Investorideas.com
website and this podcast is not an endorsement to buy products or services or
securities. Investors are reminded all investment involves risk and possible
loss of investment
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
Investorideas.com
podcasts are also available on iTunes,
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