PURA - VOL & PPS ALERT: 50 Day MA Breakout; PPS Up 100%; Outlook Upgrade; Accumulate @ $0.06 W/Potential to $1.00
July 14 2016 - 9:06AM
InvestorsHub NewsWire
Puration Inc.
(PURA)
Trading Wakes Up After 2 Year Slumber Following $3M Revenue
Forecast On Sales From US Patented Marijuana Extract
Process
New York, NY -- July 14, 2016 -- InvestorsHub NewsWire --
Wall Street Corner Report is featuring
Puration, Inc. (PURA)
as a promising yet undiscovered microcap public company in the
emerging legal cannabis sector.
Wall Street Corner Report shed light on PURA’s recent awakening
earlier this week following the Company’s announcement of a $3
million revenue forecast on sales from its US Patented Cannabis
Extraction Process:
PURA
Comes To Life With US Patent For Marijuana Extraction And $3M
Forecast: Accumulate @ $0.04 With Potential To
$1.00
With only 50 million shares I/O, volume in the
last four trading days has been almost double the number of shares
traded in the entire previous 2 years with nearly 3 times the
dollar volume. With a weighted average share price of $0.057,
almost double the 50 day $0.03 moving average, Wall Street Corner
Report is upgrading its previous anticipated outlook from
accumulation at $0.04 to $0.06.
Wall Street Corner Report anticipates PURA to continue
experiencing an ‘accumulation phase’ with trading volume and pps
increasing while the PPS remains under $0.10.
Once the shareholder base has expanded and diversified through this
accumulation phase, in conjunction with the Company’s prospects
becoming more disseminated throughout the market, Wall
Street Corner Report anticipates a breakout and rapid PPS increase
to as high as $1.00.
PURA acquired the commercialization rights to a US Patented
cannabis extraction process about a year ago in a deal
with North American Cannabis Holdings, Inc. (USMJ).
Now the Company is coming to market with its first
extract products.
The Wall Street Corner Report considers PURA as a standout
in the emerging cannabis sector. Albeit a more
entrepreneurial and earlier version of GW
Pharmaceuticals (GWPH),
PURA is comparable to GWPH in
that both are developing commercial applications of patented
cannabis extracts.
GWPH has a market cap of $2B - approximately 33
times revenue. The majority of revenue is non-cash
consideration while the company is still largely in a research
phase. If PURA were to achieve a valuation
at only 15 times its forecasted $3 million revenue, the PPS would
be $0.90.
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. These forward
looking statements relate to, amongst other things, current
expectation of the business environment in which the company
operates, potential future performance, projections of future
performance and the perceived opportunities in the market. The
company's actual performance, results and achievements may differ
materially from the expressed or implied in such forward-looking
statements as a result of a wide range of factors.
Jack Taylor
info@wallstreetcornerreport.com
GW Pharmaceuticals (NASDAQ:GWPH)
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