- Pure Extracts (PULL) is forming a joint venture with Grown Rogue International
- The agreement is between Pure Extracts’ Michigan subsidiary Pure Extracts USA and Grown Rogue’s Golden Harvests subsidiary
- Grown Rogue will help bring Pure Extracts’ portfolio of products to Michigan
- Grown Rogue will be adding concentrates and cartridges to their Michigan product portfolio
- The joint venture plans to build out 2,600 square feet of existing space in the 80,000-square-foot facility in Bay City
- Pure Extracts is unchanged, trading at $0.39 at 10:29 am ET
Pure Extracts (PULL) is forming a joint venture with Grown Rogue International.
The agreement is between Pure Extracts’ Michigan subsidiary Pure Extracts USA and Grown Rogue’s Golden Harvests subsidiary.
The joint venture will see the two cannabis companies expand Grown Rogue’s product offering and bring Pure Extracts’ portfolio of products to Michigan.
Grown Rogue is a multi-state operating cannabis company with operations and assets in Oregon and Michigan.
In addition to Pure Extracts’ Pure Pulls and Pure Chews, Grown Rogue will be adding to their Michigan product portfolio to include concentrates and cartridges.
Pure Extracts will provide a mix of equipment, cash, and extraction expertise to the venture, which will allow the partners to rapidly scale up to meet the rising demand for processed products throughout the state.
The joint venture plans to build out 2,600 square feet of existing space in the 80,000-square-foot facility in Bay City.
“We are excited to be teaming up with Grown Rogue, renowned cultivators who have already sold their cannabis products to over 100 dispensaries throughout Michigan, a state where cannabis sales reached a record $171 million in July of this year, up 56% from a year ago. Establishing Pure Extracts’ brands in the United States, the world’s largest and most important cannabis market, is an important milestone for our company,” said Pure Extracts CEO Ben Nikolaevsky.
Pure Extracts is unchanged, trading at $0.39 at 10:29 am ET.
