CFN Enterprises Inc. Expands Psychedelics Client Roster with Addition of Pure Extracts Corp.

June 15, 2020 8:30 AM EDT | Source: CFN Enterprises Inc.

Whitefish, Montana--(Newsfile Corp. - June 15, 2020) - CFN Enterprises Inc. (OTCQB: CNFN) CFN Enterprises continues to capitalize on a rapidly growing industry that is projected to grow at a 16.3% compound annual growth rate between 2020 and 2027 to reach $6.86 billion, according to Data Bridge Market Research.

CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the leading media network dedicated to the global legal cannabis, CBD and psychedelics industries, today announced the addition of Pure Extracts Corp. to its growing client roster in the emerging psychedelics industry.

CFN Media will leverage its proprietary digital content platform coupled with new media assets to reach and attract psychedelics-focused investors from across the globe to Pure Extracts. Investors types will include retail, accredited, and professional.

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Figure 1: CFN Media Group Logo

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"We are excited to be working with another pioneer in the emerging psychedelics industry," said CFN Media President Frank Lane. "Pure Extracts, a leader in extraction services with over five years of experience in volatile plant molecules, is applying for a Dealer's License with Health Canada that will enable them to buy, sell, test and produce psychedelics in an EU GMP environment that paves the way for international exports."

Pure Extracts Corp. has already signed two tolling agreements for 120,000 kilograms of annual capacity and has a licensing agreement in place with a large U.S. alcohol brand to produce THC and CBD gummies in Canada and internationally. With the addition of a functional mushroom CPG product line, the Company will be uniquely positioned in both industries.

Ben Nikolaevsky, CEO of Pure Extracts noted, "We are pleased to have an experienced partner like CFN to help us reach a new audience of people with a strong desire to learn about the extraction business and hear about our unique position in the burgeoning functional and psychedelic mushroom industry."

Pure Extracts will be a presenter at CFN Media's previously announced June 17th Investing in Psychedelics conference, put on in partnership with the Canadian Securities Exchange (CSE), that will bring together the psychedelics industry's preeminent public and private company executives and thought leaders to discuss investment opportunities.

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Figure 2: Pure Extracts Corp. Logo

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About Pure Extracts Corp.

Pure Extracts Corp., headquartered in Pemberton, British Columbia, is a private, plant-based extraction company with a new vertical in functional mushrooms. The firm is positioned to be the dominant extraction company and a leader in the rapid development and commercialization of functional and medicinal psychedelic products.

The Company's business model consists of three verticals: in-house brands; toll processing, offering contract cannabis and hemp processing to Canadian Licensed Producers and international partners to sell under their own brands; and white labelling, supplying products, including edibles and custom formulated oils, in consumer-ready packaging for companies licensed to sell cannabis oil extracts and for CPG brands seeking licensed cannabis manufacturing partners.

About CFN Enterprises Inc.

CFN Enterprises Inc. (OTCQB: CNFN) is a digital media and ecommerce company focused on advancing businesses and brands in highly regulated emerging industries across the globe. CFN connects investors with new market opportunities while helping consumers find innovative products that enhance their lives. Learn more at www.cfnenterprisesinc.com.

CFN Enterprises Inc. Media Contact:
CFN Enterprises Inc.
+001 (833) 420-CNFN
investors@cfnenterprisesinc.com

FORWARD-LOOKING STATEMENT

Use of Forward-looking Statements

This press release may contain forward-looking statements from CFN Enterprises Inc. within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when CFN Enterprises Inc. describes the potential acquisition of BarNone assets and the related benefits, its pursuit of M&A opportunities, growth in CBD sales and spending on affiliate marketing, and uses other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions, CFN Enterprises Inc. is using forward-looking statements. These forward-looking statements are based on the current expectations of the management of CFN Enterprises Inc. only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: regulatory and licensing risks; changes in general economic, business and political conditions, including changes in the financial markets; the regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; changes in applicable laws; compliance with extensive government regulation; public opinion and perception of the cannabis industry; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; or, loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of CFN Enterprises Inc. to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, CFN Enterprises Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting CFN Enterprises Inc., reference is made to CFN Enterprises Inc.'s reports filed from time to time with the Securities and Exchange Commission.

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