New York, NY – July 19, 2016 – InvestorsHub NewsWire -- Wall Street Corner Report today highlighted StockTA’s candle stick analysis indicating a very bullish rating on the PPS potential of Puration, Inc. (PURA).
 
After working quietly over the last year developing standardized and repeatable cannabis extraction processes to produce consistently high-quality extracts, Puration recently announced plans to bring its extracts to market. In the past week, the trading volume has exceeded the total number of shares traded over the previous two years.  The PPS has risen from $0.03 to $0.06 reaching a high of $0.09.  With only 50 million shares I/O, The Wall Street Corner Report believes PURA has the potential to reach a $1.00 PPS.
 
Puration today announced a campaign to brand its cannabis extracts as the leading concentrates for infusion into recognized food and beverage consumer products:
 
Puration Announces Campaign to Brand Cannabis Extract in Food and Beverage Consumer Products Market Led by Beverage Industry Veteran
 
The Company was also featured today in a Cannabis Industry article also mentioning PharmaCyte Biotech, Inc. (PMCB), GrowLife, Inc. (PHOT), Hemp, Inc. (HEMP) & Medical Marijuana, Inc. (MJNA): 

Extraction Technology Becoming Paramount in Cannabis Industry as Consumers Gravitate Towards Concentrates and Higher Quality of Substance

The Wall Street Corner Report considers PURA comparable to an earlier version of  GW Pharmaceuticals (GWPH) in that both are developing commercial applications of cannabis extracts.
 
Wall Street Corner Report anticipates PURA to experience an ‘accumulation phase’ with the shareholder base expanding and diversifying.  As the Company’s news becomes more disseminated throughout the market, Wall Street Corner Report anticipates a rapid PPS increase to as high as $1.00.
 
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

 

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