$NUGS Cannabis Strategic Ventures acquired Pure Ap

$NUGS Cannabis Strategic Ventures acquired Pure Applied Sciences and its brand PureOrganix™ in February 2018. In July 2018, Pure Applied Sciences entered a non-exclusive cannabis concentrate extraction services agreement with CP Logistics LLC (“CPL”), a wholly owned U.S. subsidiary of Sunniva Inc. (CSE:SNN) (SNNVF). Under the agreement, CPL performs white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California, for Pure Applied Sciences under the PureOrganix™ brand name. Under this model, Pure Applied Sciences exclusively develops brand, marketing and licensing opportunities for distribution to legal retail stores.

A September 2018 market report by Arcview Market Research and BDS Analytics has estimated that Americans will spend $2.9 billion on concentrates this year, 49% more than last year. In 2014, concentrates only accounted for 10% of all cannabis sales, but that number is expected to climb to 27% this year.

“Concentrates are already revolutionizing the way cannabis is being consumed. The PureOrganix™ brand has already captured a strong following and praise for the products and is poised for tremendous growth as their products become more available in cannabis retail environments,” added Yu.
https://finance.yahoo.com/news/pureorganix-ca...00808.html

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