Stocks in play: Pure Extracts Technologies Corp.

Announced that it has signed a Letter of Intent (LOI) with ShroomBloom Labs/Floja Bioscience Inc. to enter into an agreement for the supply of psychedelic mushroom biomass. ShroomBloom is a British Columbia based mushroom cultivator whose unique growing method uses a sustainable forest product to grow organic Psilocybe Azurescens mushrooms. Also known as Azures, they are native to British Columbia and are one of the most potent psilocybin mushrooms that have ever been found. Azures contain up to 1.8% psilocybin, 0.5% psilocin, and 0.4% baeocystin by dry weight - nearly three times more than the more common Psilocybe Cubensis mushrooms. ShroomBloom is currently conducting a bio-tech research and development program utilizing artificial intelligence (AI) to industrialize the cultivation of psychedelic mushrooms. Their goal is to become the global leader in the production of psilocybin mushrooms. Under the terms of the LOI, Pure Extracts would get preferential access to ShroomBloom’s crop of psychedelic mushrooms and would get ‘most favoured nation’ pricing. The LOI is subject to both ShroomBloom and Pure Extracts holding Dealer's Licences under the Controlled Drugs and Substances Act (CDSA). Pure Extracts Technologies Corp. shares C.PULL are trading up 2 cents at $0.53.

Read:

• Plans for Net Zero Carbon Emissions Fueling Hydrogen Market Growth

• These are Some of the Top Companies Jumping on the Bitcoin Bandwagon

• Lithium Prices Could Race Higher As Demand Outweighs Supply

• The Plant Based Market Revolution Could Sprout to $85 Billion By 2030

• Cryptocurrency Rising as Corporate Mainstream Acceptance and Digital Mining Ramps Up

• Some of The Top Psychedelic Stocks Showing Significant Progress

• With the Pet Industry Howling, These Companies May Be Some of the Best in Breed

• For Millions All Over the World, the Future May be Plant-Based

• The Race to Prove Psychedelics Can Help Resolve Mental Health Issues Has Just Begun

• Psychedelics May Hold Significant Promise for Mental Health Care Treatment

• Millions of Consumers May Need EMR Protection in the Digital Age