Company Overview

Company name: Purefarma Solutions
Description: Manufacturer and wholesale processor of premium Cannabidiol oil. The company’s product interact with a variety of different biological targets, including cannabinoid receptors and other neurotransmitter receptors.
Year founded: 2016
Parent company:
Industry: Healthcare | Group: Pharmaceuticals and Biotechnology | Code:
City: Summerland
State: British Columbia
Country: Canada
Region: Americas

Financial Highlights

Start up capital raised (USD Million):
Business status: Generating Revenue
Ownership: Privately Held (no backing)
Revenue (USD Million): 2.00
Gross profit (USD Million):
Net income (USD Million)
Enterprise value:
Earnings before interest, tax, depreciation and amortization (EBITDA): 0.50
Fiscal period: FY 2017
Financing Status: The company reached a definitive agreement to be acquired by Heritage Cannabis Holdings (CSE: CANN) for $9.99 million on September 21, 2018. Additionally the company will receive 16,000,000 shares subject an earn out based upon certain gross margin milestones achieved on an annual basis over the next four years. This acquisition is a revolutionary step for Heritage as they are taking a meaningful position in the CBD extraction industry in Canada.
Number of active investors:
Profile last updated: 25-Sep-2018
Last known valuation: 9.99
Last known valuation date: 21-Sep-2018