#Cannabis #Stock News: Phyto Extractions(TM)
(Adastra Labs) (CSE: $XTRX.C) Launches New Shatter Product Line to #Canadian #Retail
Market in Time for #420; @adastra_labs
LANGLEY, BC - April 13, 2021 (Investorideas.com Newswire) Phyto Extractions Inc. (formerly, Adastra Labs Holdings Ltd.) (CSE:XTRX) (Frankfurt:D2EP) ("Phyto Extractions™" or the "Company") is proud to announce the launch of three new Shatter Products, adding to its product line in the burgeoning cannabis extracts market.
Read this news,
featuring XTRX in full at https://www.investorideas.com/CO/XTRX/news/2021/04131Launches-Shatter-Product-Line.asp
About Shatter Products
A
favourite among Cannabis enthusiasts, Phyto Extractions'™ shatter product line
launches with three of the most popular cannabis strain extracts on the market
through its one gram offerings; Pink Kush, Blueberry Gorilla and Death Bubba.
Phyto
Extractions'™ current increasing market share in the disposable vape, vape
cartridge and live resin markets, strengthens the brands launch of its new
flagship shatter product line. With relatively few players in the shatter
product space in Canada, this expansion represents a significant opportunity
given the forecasted growth of the Cannabis extract market.
Staying
true to the corporate mission of being: "...a cannabis brand grown from
its legacy roots as the first real name in extracts to deliver the experience
of quality and value through all of our product offerings." Phyto
Extractions will be pricing its products to strive to be the lowest priced in
every market served in the specific formats offered.
"Our
goal is not only to serve existing cannabis enthusiasts with the quality and
value they demand," said David Kolby, VP of Marketing. "Our strategy
is to send a signal to black market consumers as well, that there are legal
market players that want their business and are willing to do what it takes to
attract them to the legal market with safe and competitive product
offerings."
The
Shatter products will be launched in British Columbia, Alberta, Saskatchewan,
Manitoba, and Ontario with the rest of Canada to follow soon thereafter, in
addition to new shatter products that are in development.
About Phyto Extractions™
Phyto
Extractions™ is an agricultural-scale cannabis extraction, distillation and
product manufacturer located in Langley, BC at its co-located Health Canada
Licensed Standard Processing (extraction, no cultivation), Sales (extracts,
topicals, and edibles) through Adastra Labs Inc. and Analytical Testing
Laboratory through Chemia Analytics Inc. Adastra Labs also has a pending Health
Canada R&D license amendment.
ON
BEHALF OF THE BOARD
ADASTRA LABS HOLDINGS LTD.
Contact:
J.
Scott Munro, President, CEO & Director (Chairman)
Phone: (778) 715-5011
Email: scott@adastralabs.ca
Forward-Looking
Information:
This
news release includes forward-looking information within the meaning of
Canadian securities legislation, concerning the business of the Company.
Forward-looking information is based on certain key expectations and
assumptions made by the management of the Company. Although the Company
believes that the expectations and assumptions on which such forward-looking
information is based are reasonable, undue reliance should not be placed on the
forward-looking information because the Company can give no assurance that they
will prove to be correct. Forward-looking information in this news release
includes statements with respect of the proposed name change, proposed
consolidation, the closing of the private placement and the use of proceeds
thereof. There are numerous risks and uncertainties that could cause actual
results and the Company's plans and objectives to differ materially from those
expressed in the forward-looking information, including: (i) adverse market
conditions; (ii) risks inherent in the cannabis extraction sector in general;
(iii) inability to close the private placement for any reason, or in the
amounts expected by the Company; and (iv) other factors beyond the control of
the Company. Actual results and future events could differ materially from
those anticipated in such information. These and all subsequent written and
oral forward-looking information are based on estimates and opinions of
management on the dates they are made and are expressly qualified in their
entirety by this notice. Except as required by law, the Company does not intend
to update these forward-looking statements.
The
CSE has not reviewed or approved of any contents of this news release.
SOURCE:
Phyto Extractions Inc.
Phyto
Extractions Inc. (CSE:XTRX) (Frankfurt:D2EP) is a featured Cannabis stock on
Investorideas.com
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