Pure Harvest intends to grow its cannabis and hemp-CBD operations and expand globally as the laws regarding cannabis and hemp-CBD are reviewed and rewritten to repeal their prohibition.Ĭertain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, are subject to Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbors created by those rules. The Company has developed numerous retail brands and product lines that are currently available for purchase in select markets.
The PHCG team is committed to formulating, manufacturing, and distributing high-quality cannabis and hemp-CBD consumer products in markets where it is legal to do so. (OTCQB: PHCG) is a publicly traded holding company operating in various segments of the cannabis and hemp-CBD industries. Gibbons will be taking a lead role in the company's future as the CEO of Pure Harvest Colorado, in addition to utilizing his wide skill set to aid the Pure Harvest Corporate Group's larger ambitions. I personally have been enamored with Pure Harvest’s vision for growth, environmental stewardship, and sustainability,” added Gibbons. Pure Harvest is already a multi-state operator (MSO) looking to expand its reach, so naturally, we at SKM see the benefit of this synergistic relationship. Moving forward, we look forward to expanding our existing, premium product lines while developing new, unique products to bring to market. “The products and formulations that we have already co-produced have demonstrated great creativity and an exemplary attention to detail. Our early revenue numbers are more than encouraging and we are eager to expand its successes.” “We believe that SKM is in a tremendous location and that it will provide an exceptional distribution point for our house brands and consumer products.
“We are very pleased to add SKM to our expanding portfolio of growth companies,” stated Matthew Gregarek, CEO, Pure Harvest Corporate Group. The new dispensary is also one of the only solar powered dispensaries in the world.
Just two months after opening at its new location in June of 2020, the dispensary is already reporting monthly sales in the six figures with limited marketing to date. SKM entered the Colorado cannabis industry in 2014 and is an established and well-respected brand within the State. The six SKM licenses acquired by Pure Harvest include Recreational and Medical Marijuana Cultivation Facility, Recreational and Medical Infused Product Manufacturer, and a Recreational and Medical Retail Marijuana Store. SKM is a vertically integrated cannabis company operating a dispensary, cultivation, and processing facility in Dumont-Downieville, CO, located on the busy I-70 corridor between Denver and Colorado’s world-class ski and tourist destinations. The transaction is one of the earliest permitted under Colorado’s recently passed HB19-1090 bill which allows public companies to invest in and operate cannabis businesses in the State. The acquisition was approved on Augby the Colorado Marijuana Enforcement Division, allowing for the change of ownership of SKM’s six licenses to Pure Harvest. (OTC: PHCG), an emerging cannabis and hemp-CBD holding company, is pleased to announce it has completed its acquisition of Sofa King Medical Wellness Products, LLC (“SKM) in an all-stock transaction.
24, 2020 (GLOBE NEWSWIRE) - via NEWMEDIAWIRE – Pure Harvest Corporate Group, Inc. Completed Deal Provides Pure Harvest with Six Colorado Cannabis LicensesĭENVER, CO, Aug.
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