Pure Extracts To Acquire PL Healthcare Management
Portfolio Pulse from Vuk Zdinjak
Pure Extracts Technologies Corp. has entered into a definitive business combination agreement with PL Healthcare Management Ltd. and will acquire all of its issued and outstanding shares. Following the transaction, Pure Extracts plans to utilize cannabis biomass produced by PLM and supply its extracted cannabis products to PLM's clients.
May 26, 2023 | 3:01 pm
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Pure Extracts Technologies Corp. is set to acquire PL Healthcare Management Ltd., expanding its cannabis product offerings to PLM's clients.
The acquisition of PL Healthcare Management Ltd. by Pure Extracts Technologies Corp. will expand the company's cannabis product offerings and potentially increase its revenues by supplying extracted cannabis products to PLM's clients. This could have a positive impact on PRXTF's stock price in the short term.
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