Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) @ 07/30/2021

COMPANY SUMMARY: Pure Harvest (OTCQB: PHCG) is a publicly traded holding company focused on NextGen plant derived nutraceuticals and emerging industries. The PHCG team is committed to formulating, manufacturing, and distributing high-quality cannabis and hemp derived cannabinoid consumer products in markets where it is legal to do so.

The Company has developed numerous retail brands and product lines that are currently available for purchase in select markets. Pure Harvest intends to grow its marijuana, hemp derived cannabinoids, and research and development operations and expand globally as the laws regarding cannabis are reviewed and rewritten to repeal their prohibition.

A primary operational focus for the Company is Test Kitchen, a wholly-owned subsidiary of Pure Harvest. Test Kitchen is a laboratory for human potential – an experiment and experience for creating and sustaining the highest expression of life. Test Kitchen’s mission is to curate empirical physiology and cultivate predictable pharmacognosy to optimize mind-body-performance. Simply put, Test Kitchen’s goal is to use its proprietary plant-based lifestyle formulas to help a person gain an unfair advantage over the person’s former self.

The Company has 25 full-time employees and recently moved into a new, expanded corporate office in Greenwood Village, CO, an upscale suburban area on the south side of Denver.

Key Metrics @ 07/30/2021

Closing Price $0.52
52 Week Range $0.255 to $0.60
Shares Outstanding 65.60M
Shares in the Float: 04/07/2021 12.720M
Shares held at DTC: 07/30/21 11.054M
Common Shares Authorized 250M
Average Daily Volume: 7,424
Market Cap $29.445M
Reporting Status SEC Reporting
Financials Audited
Most Recent Filing: 10-Q for 03/31/2021  Filed: 05/18/2021 
Fiscal Year-end 12/31

(Source: OTC Markets, Yahoo Finance, SEC filings)

CORPORATE NEWS  

Pure Harvest Announces Alexis Johnson Will Join Its Advisory Board

Addition of Alexis Johnson Reflects Pure Harvest’s Dedication to Promoting Social Equity and Bringing Diverse Leadership to the Cannabis & Hemp Industry

GREENWOOD VILLAGE, CO, July 20, 2021 (GLOBE NEWSWIRE) — via NewMediaWire – Pure Harvest Corporate Group, Inc. (OTCQB: PHCG), a holding company focused on plant-derived nutraceuticals and emerging industries, is pleased to announce Alexis Johnson is joining its Advisory Board to align the Company’s business with a social equity focused mission.

Alexis Johnson has joined the Pure Harvest Advisory Board and will assist the Company with developing its Corporate Social Responsibility (“CSR”) program. In this role, Ms. Johnson will help build the company’s CSR program by working with various charities and social groups focused on education, social equity, and social justice within the industry. In addition, Alexis will be helping expand Pure Harvest’s business interests along the east coast and international markets.

“I am very excited to join the Pure Harvest team and look forward to working with them to build brands and product lines that benefit minority causes and communities across the country,” said Alexis Johnson, serial entrepreneur. “After months of getting to know the team at Pure Harvest, I am convinced that they are equally committed to building a better, more inclusive cannabis industry. While many companies see diversity and CSR as a box to check on the corporate self-assessment, Pure Harvest is putting real time and energy into building a CSR program that can benefit historically marginalized communities and individuals.”

“We are thrilled to be working with Alexis to develop our Corporate Social Responsibility program,” said Matt Gregarek, CEO of Pure Harvest. “As we start to leave the devastating legacy of the war on drugs behind us, Pure Harvest is committed to doing its part to build a more diverse and equitable cannabis industry that helps those who were previously harmed by our nation’s drug policies.”

  Click on above link for full press release

Pure Harvest Corporate Group Launches Zosi

New Product Line Incorporates a Patent Pending Cannabinoid Complex to Revolutionize the Wellness Industry

GREENWOOD VILLAGE, CO, June 09, 2021 (GLOBE NEWSWIRE) — via NewMediaWire – Pure Harvest Corporate Group, Inc. (OTCQB: PHCG), a publicly-traded holding company focused on plant-derived nutraceuticals and emerging industries, is launching Zosi, a daily wellness regiment based on science that augments the functionality of the endocannabinoid system and optimizes a mindful, predictable, hormonal harmony.

“Zosi was created for those who want to live a healthy lifestyle and need an extra boost to help elevate their day. We have all been there, needing an extra cup of coffee to start our morning or some extra sugar to get us through the afternoon lull. Or maybe you need a little help turning off your brain at the end of the night to get a good night’s rest. Zosi’s product line will help in all three of those cases and is completely natural to give us the peace of mind that we are also craving,” said Matt Gregarek, CEO of Pure Harvest Group.

Pure Harvest’s proprietary ingredient, Complex 612, combines patent pending technology and predictable bioavailability to deliver an exceptional consumer experience. Complex 612 features a proprietary, full-spectrum hemp extract which Zosi combines with functional mushrooms, eastern herbs, and other botanicals.

“People are searching for healthy, safe, sustainable solutions and alternatives to traditional pharmaceuticals or the uncertainty of the cannabis and psychotropic markets.

Click on above link for full press release

Pure Harvest Reports Strong Revenue Growth in First Quarter 10-Q Filing

GREENWOOD VILLAGE, CO , May 19, 2021 (GLOBE NEWSWIRE) — via NewMediaWire – Pure Harvest Corporate Group, Inc. (OTCQB: PHCG), a publicly traded holding company focused on NextGen plant derived nutraceuticals and emerging industries, is pleased to announce continued increase in revenue via its most recent quarterly report. Highlights are as follows:

  • Q1 2021 Revenues increased by 92.65% from Q4 2020 Revenue;
  • Q1 2021 Revenue: $794,148 / Q4 2020 Revenue: $412,228;
  • Q1 2021 Revenue: $794,148 / 2020 Year End Revenue: $735,690;
  • Q1 2021 Revenue: $794,148 / Q1 2020 Revenue: $1,091

The significant increases are largely attributable to continued growth in sales at the Company’s Colorado marijuana operations located in Dumont, CO. Additionally, the Company’s Test Kitchen subsidiary began generating revenue with the launch of their white label program and beta product release. To date, Test Kitchen has received several large wholesale purchase orders which exceeded sales milestones required to unlock additional equity funding under the terms of its quarter one preferred stock offering.

“I’m extremely excited, but not surprised, to see our growth in multiple subsidiaries during the first…

Click on above link for full press release

Pure Harvest Announces a Complex 612 Product Wins Westword Readers Choice Award for the Best of Denver 2021

GREENWOOD VILLAGE, CO, May 13, 2021 (GLOBE NEWSWIRE) — via NewMediaWirePure Harvest Corporate Group, Inc. (OTCQB: PHCG), a publicly traded holding company focused on NextGen plant derived nutraceuticals and emerging industries, is pleased to announce that Hemparita, a white-label customer of the Company’s Test Kitchen subsidiary is the recipient of a Westword Reader’s Choice Award for the Best of Denver 2021 in the CBD/Hemp Product category.

Westword has been a staunch advocate and leading publication in the cannabis industry since before Colorado legalized marijuana for recreational use in 2012. Thanks to its proximity to the epicenter of the legal cannabis industry in Denver, Colorado, Westword has exceptional insight into developments within the industry and an outsized influence on industry trends.

Hemparita was the first product line incorporating Test Kitchen’s proprietary ingredient, Complex 612, to enter the market through direct-to-consumer online sales. Hemparita is a brand-new product line with less than a year of historical operations. Hemparita currently offers Complex 612 infused gummies and 50ml shooters on its website www.ihemparita.com.

We are excited to learn that…

Click on above link for full press release

 

GREENWOOD VILLAGE, CO, April 22, 2021 (GLOBE NEWSWIRE) — via NewMediaWirePure Harvest Corporate Group, Inc. (OTCQB: PHCG), a publicly traded holding company focused on emerging and high-growth industries, is pleased to announce it has reported extraordinary growth in revenues for 2020 as compared to 2019 in its most recent annual report, 10K filing.

PHCG’s reported gross revenues for 2020 increased more than 1,800% from 2019. This growth is largely the result of sales generated by the Company’s licensed marijuana operations located in Dumont, Colorado. The Company’s 2020 Q4 sales grew by more than 8,400% compared to Q4 2019 and increased 29% as compared to Q3 2020.

“This growth in revenue is extremely exciting but not at all unexpected,” said Matthew Gregarek, CEO of Pure Harvest Corporate Group. “We have spent considerable time and energy to get to this point and I’m very proud of the entire PHCG team for making all of this possible.”

Click on above link for full press release

 

          ·  Pure Harvest Receives Second Wholesale Order of Complex 612 Products

Denver, CO, Feb. 18, 2021 (GLOBE NEWSWIRE) — via NewMediaWire Pure Harvest Corporate Group, Inc. (OTCQB: PHCG), a publicly traded holding company focused on emerging and high-growth industries, is pleased to announce that its wholly owned subsidiary, Test Kitchen, Inc., has received a second purchase order of approximately 250,000 units for consumer products featuring the Company’s proprietary ingredient known as cannabinoid compound “Complex 612.”

Complex 612 is a new, patent-pending ingredient distributed by Test Kitchen, Inc. The Company believes that Complex 612 has the potential to disrupt the national cannabis industry and has invested substantial time and effort in the development of consumer products featuring Complex 612. Test Kitchen CEO Donnie Emmi has previously reported that users of Complex 612 have generally experienced “more productivity, overall happiness, enhanced moods and pure joy.”

The purchase order was received on February 11, 2021 and is expected to be delivered in March 2021. This order represents the second substantial wholesale purchase of consumer-packaged goods featuring Complex 612. The Company is excited by this development and believes these large wholesale orders will increase efficiencies and generate economies of scale in the production process. Additionally, the Company believes that this and the previous substantial order will help to create awareness in the marketplace as they are sold-through.

“This second significant sale of Complex 612 products is an encouraging sign for the potential of the ingredient,” said Matthew Gregarek, CEO, Pure Harvest Corporate Group. “I am extremely excited to see this amazing ingredient begin to take off and I am hopeful that we will be able to sustain this initial momentum over the course of 2021.”

Click on above link for full press release

 

          ·  Pure Harvest Corporate Group Acquires Four Patents in Multiple Verticals

Patent Acquisition Positions the Company to Pursue New Opportunities in Addition to Current Operations

Denver, CO, Feb. 04, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Pure Harvest Corporate Group, Inc. (OTC: PHCG), a publicly traded holding company focused on emerging and high-growth industries, is pleased to announce that on January 25, 2021, the Company acquired four U.S. Patents and four U.S. Patent Applications through its wholly owned subsidiary, PHIPCO, LLC. The patents and applications (the “IP”) were acquired from Mr. James Brown, an inventor with 48 issued patents to date. The acquired IP has numerous applications in various industries, including Agriculture, Renewable Energy, Health & Wellness, Manufacturing, Construction, and Transportation.

The Company plans to use the IP in a wide range of industries for standalone products and applications and for enhancements or improvement of existing products and systems. The acquisition of the IP is part of the Company’s broader strategy of acquiring valuable intellectual property, such as the patent application for Cannabinoid Complex 612, for development and commercialization in high-growth industries. To this end, the Company is forming an innovation team to focus on the Company’s opportunities created by the acquisition of the IP. Pure Harvest is pleased to report that Mr. Brown will help guide the innovation team and join the Advisory Board for Pure Harvest Corporate Group, effective immediately.

“For the last year and a half, we have been pursuing these incredible patents and courting James Brown, who, in my estimation, is a true visionary and highly talented inventor,” stated Matthew Gregarek, CEO of Pure Harvest Corporate Group. “With the acquisition of this IP and the addition of Mr. Brown to our team, Pure Harvest is perfectly positioned to pursue successes in new, highly profitable industries to the benefit of our Company and its shareholders.”

Click on above link for full press release

BOTTOM LINE OBSERVATION

__________________________________________________________________________

Harbinger Research initiated coverage of Pure Harvest Corporate Group on May 6, 2021 with a “Buy Rating” and a “12-Month Price Target” of $0.92, which indicates a potental upward movement of 180%**  

Investment Highlights:

     * Pure Harvest is a Rapidly Growing Cannabis Conglomerate based in Colorado

 

    * PHCG’s Test Kitchen Subsidiary Develops Health & Wellness Cannabis Products and  Related Intellectual Property

 

    * Pure Harvest Colorado is Rapidly Gaining Dominance in its First Local Market of Dumont, CO… Located on Highly Traveled I-70.. 30 Minutes West of Denver

 

    * Harbinger Research Believes that PHCG’s Unique Approach to the Cannabis Industry Should be More Highly Valued

 

    * Harbinger is Guardedly Optimistic that PHCG Could Have 10-Bagger (1,000%) Return Potential Over the Coming Two to Three Years

 

Click Here to DOWNLOAD a 22-page research report prepared by Brian R. Connell, CFA and Chief Analyst for Harbinger Research.  

However, all readers are cautioned to do their own research and make informed decisions.                                                                                             

**Based on closing price for PHCG of $0.51 on 7/15/2021, Yahoo Finance

Posted by: Research and Editorial Staff

CORPORATE CONTACT:

Pure Harvest Corporate Group, Inc.
7400 E. Crestline Circle, Suite 130
Greenwood Village, CO 80111
800-924-3716
Sherry Anderson, Corporate Communications                                                                                                                                                                           [email protected]    

For up to date corporate information visit the Company’s website or social media accounts at:

www.pureharvestgroup.com
https://www.facebook.com/pureharvestgroup
https://www.linkedin.com/company/pure-harvest-cannabis-group-otc-phcg/
https://twitter.com/PureHarvestCG

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