As most of us know by now, functional mushrooms have been used for millennia in medicine and Asia and by shamans in some countries in Latin America. While the uses of functional mushrooms for their medicinal properties have a long history, it’s only until recently that functional mushrooms are having their long overdue day in the limelight in North America.
There are many varieties of functional mushrooms that are available in the market, and all of them have been known to be beneficial in the treatment of certain medical conditions. Functional mushrooms also contain vitamins and minerals that are required for the optimal performance of our immune system to help ward off illnesses. It has been found the functional mushrooms are a great source of antioxidants as well. Antioxidants are substances that are linked to protecting the cells from free radicals, which is considered to keep you safe from cardiovascular conditions and other harmful diseases.
Canadian-based company Pure Extract Technologies Inc. recently announced that it has entered the booming plant-based extraction industry of functional mushrooms. With the ever-increasing acceptance of functional mushrooms as a source for increased medical benefits, Pure Extract Technologies is looking to capitalize on this new-found curiosity and eagerness by consumers to explore the medicinal mushrooms further.
According to a recent study, the functional mushroom industry is set to grow at a very healthy rate of 8% by 2024. Much of this growth is due to the fact that globally, functional mushrooms are now being used in a variety of medical and non-medical applications, including skincare products and drinks. Additionally, functional mushrooms are also being used to treat anxiety and depression in individuals.
Pure Extract Technologies is a British Columbia-based company that’s in the best position to enter a partnership with other organizations that are looking to develop products using functional mushrooms. Pure Extracts’ business model consists of three verticals which are, in-house brands, toll processing and offering contract cannabis to other licensed produces in Canada and abroad. This will allow international partners to sell functional mushroom-containing products under their own brand name.
The plant-based extraction company is soon to go public featuring its new functional vertical. Later in 2021, the company is scheduled to introduce new products containing functional mushrooms. By all accounts, the entry by Pure Extract Technologies into the functional mushroom consumer space is a welcome development to further legitimize a can’t-miss vertical in the plant-based global marketplace.