Over the course of the past months, RichTv LIVE has emerged as one of the more popular resources for investors on YouTube. Every day the YouTube channel published videos related to particular companies that may be in focus.
In its latest video, the channel looked into the latest developments with regards to the plant-based extraction company Pure Extracts Technologies Corp (CSE:PULL) (XFRA:A2QJAJ). The company is involved in providing extraction services for functional mushrooms, cannabis, and hemp. All three lines of extraction work are regarded as potentially high growth spaces and hence, there has been a lot of buzz about Pure Extracts among investors.
On Tuesday, the company was back in focus after it emerged that Pure Extracts backed the decision from the regulator Health Canada to make revisions to the Special Access Programme (SAP) and other regulations. It is a significant development for Pure Extracts as well since these regulations are going to be related to the authorization of psilocybin based treatments.
The announcement was made by Health Canada on December 11 but it was on Tuesday that Pure Extracts decided to lend its support to the program. The revisions to the regulatory framework are important since it could lead to the emergence of new medicines and treatments in the field of psychotherapy.
It could also help in advancing high-level research into the use of psilocybin when it comes to a range of chronic mental health conditions. The support from Pure Extracts is possibly going to help the company in getting the Dealers License that are awarded under the provisions of the Controlled Drugs and Substances Act (CDSA). This could well prove to be a major milestone for the company which is already an established name in the plant-based extracts space.
At this point in time, there are many companies that are working on such products in order to treat a wide range of mental health conditions. It is believed that these medicines are only going to get more popular in the years to come. In such a situation, the latest update from Health Canada and the support from Pure Extracts reveal the company’s continued quest to enter new frontiers.
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