Welcome to our dedicated page for Pure Harvest Cor news (Ticker: PHCG), a resource for investors and traders seeking the latest updates and insights on Pure Harvest Cor stock.
News for Mixie Technologies, Inc. (OTC: PHCG), formerly Pure Harvest Corporate Group, centers on its evolution into a technology-focused, platform-based company and the transactions that support that shift. Recent announcements describe the transition from a diversified holding and cannabis-focused business into a technology-centered enterprise building AI-enabled, software-driven platforms.
Company news highlights include the acquisition of Mixie IP Holdings and Mixie Labs, which added software and intellectual property for intelligent video processing, AI and machine learning pipelines at the edge, computer vision analytics, spatial and AR interfaces, and video-centric learning and training tools. Updates also cover Mixie’s efforts to productize these capabilities into deployable solutions for enterprises, venues, and asset-intensive environments.
Another key news theme is Mixie’s strategic investment in HoloTwin LLC, a digital twin platform that consolidates operational data from diverse vendor systems into a unified 3D and panel interface. Press releases describe how this minority ownership stake fits into Mixie’s broader strategy around AI-driven operational intelligence, digital twin architecture, spatial interfaces, and infrastructure intelligence platforms.
Earlier news items under the Pure Harvest Corporate Group name document corporate restructuring steps, including significant debt reductions and the elimination of remaining debt, as well as prior letters of intent and acquisitions in cannabis and related consumer products. Together, these articles trace the company’s shift from a vertically integrated cannabis and consumer products operator toward Mixie Technologies’ present emphasis on AI-enabled software platforms.
Investors and observers can use this news stream to follow Mixie’s disclosed acquisitions, strategic investments, balance sheet actions, and technology-focused initiatives over time.
Pure Harvest Corporate Group (OTCQB: PHCG) released its third quarter results, reporting total sales revenue of $507,865, up from $318,690 year-over-year. The company surpassed $2 million in sales for 2021, with an adjusted EBITDA of $2,020,520. Significant growth is credited to the acquisition of SKM and the establishment of a retail facility in Colorado. However, plans for a $30 million investment from Kingpins International fell through, prompting potential legal actions. A new subsidiary, Phytocare, Inc., aims to distribute CBD products through healthcare networks, targeting 2.2 million patients.
Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) issued a corrected press release following earlier inaccuracies. Key financial highlights include a significant revenue increase for Q2 2021, rising from $3,951 in Q2 2020 to $762,778. Gross profit also improved from -$36,114 to $150,660. The company reported $1.56 million in year-to-date revenue. Notable operating achievements include the first anniversary of its Colorado operations, a share agreement for $30 million with Kingpins International, and the launch of new product lines like Hemparita and Zosi.
Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) reported significant growth in its Q2 2021 financial results compared to Q2 2020. Revenue surged from $3,951 to $762,778, with a gross profit increase from -$36,114 to $150,660. Year-to-date revenue reached $1,556,926 against $5,041 in the prior year. Notable operational highlights include a successful first year for Pure Harvest Colorado's retail facility, a partnership with Doc.U.Care, and the introduction of award-winning products like Hemparita.
Pure Harvest Corporate Group (PHCG) has signed an agreement with Doc.U.Care to supply CBD products under self-insured corporate health and wellness plans. This partnership will enable individuals and their families within a network of Third-Party Administrators (TPAs) to access a range of hemp-derived health products. The agreement potentially reaches 550,000 employees currently, with an opportunity to expand to an additional 2.2 million by late 2022. Executives from both companies express confidence that this collaboration will revolutionize healthcare and increase acceptance of CBD products in preventative care.
Pure Harvest Corporate Group (OTCQB: PHCG) has appointed Alexis Johnson to its Advisory Board, reflecting the company's commitment to social equity in the cannabis and hemp industry. Johnson will spearhead the development of the company's Corporate Social Responsibility (CSR) program, focusing on education and social justice initiatives. Her involvement aims to enhance Pure Harvest's business interests along the east coast and internationally. CEO Matt Gregarek emphasized the company's commitment to creating a more equitable cannabis industry.
Pure Harvest Corporate Group (OTCQB: PHCG) has announced the launch of its new wellness product line, Zosi, designed to enhance the endocannabinoid system. Utilizing Complex 612, a proprietary ingredient that incorporates a full-spectrum hemp extract along with functional mushrooms and eastern herbs, Zosi aims to provide consumers with natural alternatives to traditional pharmaceuticals. Products are now available across the U.S. and include ingredients like ashwagandha, turmeric, and reishi mushroom.
Pure Harvest Corporate Group (OTCQB: PHCG) reports a remarkable 92.65% increase in Q1 2021 revenue to $794,148, compared to $412,228 in Q4 2020. This revenue surge surpasses the 2020 total revenue of $735,690 and is a significant leap from Q1 2020's $1,091. The growth is attributed to sales from its Colorado marijuana operations and the revenue generation by its subsidiary, Test Kitchen, through a new white label program. CEO Matthew Gregarek emphasized the company's potential for diversified revenue generation.
Pure Harvest Corporate Group (OTCQB: PHCG) announced that Harbinger Research, LLC has initiated research coverage on the company. CEO Matt Gregarek expressed enthusiasm for the report, highlighting its comprehensive analysis of PHCG’s business model and financial forecasts. The U.S. cannabis market, projected to reach $85 billion by 2030, offers substantial growth opportunities. Since 2018, PHCG has adopted an 'acquire and integrate' strategy, achieving record sales in several recent acquisitions.
Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) reported unprecedented revenue growth for 2020, surpassing 1,800% compared to 2019, driven primarily by its marijuana operations in Dumont, Colorado. Q4 2020 sales exhibited a staggering increase of over 8,400% year-over-year and a 29% rise sequentially from Q3 2020. CEO Matthew Gregarek expressed pride in the team’s efforts and confidence in maintaining growth moving forward, citing expectations for strong Q1 2021 results despite challenges posed by COVID-19.
FAQ
What is the current stock price of Pure Harvest Cor (PHCG)?
What is the market cap of Pure Harvest Cor (PHCG)?
