PURA Trending BULLISH On Cannabis 2.0 at $0.06 with $0.35 Analyst Target
October 18 2019 - 8:44AM
InvestorsHub NewsWire
PURA Trending BULLISH On Cannabis
2.0 at $0.06 with $0.35 Analyst Target
New York, NY -- October 18, 2019 --
InvestorsHub NewsWire -- via www.nextbigticker.com -- Puration, Inc. (PURA)
is trending bullish today on Cannabis 2.0 news as reported by
BullishInvestor (bullishinvestor.com/PURA) and Stock Technical
Analysis (stockta.com/PURA). PURA trading volume
jumped up substantially almost exactly one month ago today.
The PPS shot up to over $0.09 and then pulled back and based at
$0.06. While volume has pulled back it has remained higher
than the trading averages earlier this year. Now with
Cannabis 2.0 – the legalization of edibles, beverages and extracts
in Canada – PURA’s PPS is showing signs of heading back
north. PURA has an established CBD beverage market for its
EVERx CBD Sports Water and a ready outlet through Nouveau (NOUV)
to open sales in Canada’s Cannabis 2.0 market. Goldman Small
Cap Research has rated PURA as a speculative BUY and set a $0.35 PPS
Target. PURA has a 52-week high of $0.25. The
market forces and PURA’s ongoing development and growth look to be
converging for the PURA PPS to see its next 52-week high coming
soon.
Puration, Inc. (PURA)
produces EVERx CBD Sports Water reporting $1 million in sales last
year in 2018 and another $1 million in sales in the first six
months of 2019. The company has recently announced new orders
in Europe and Latin America supporting a $4 million sales
target for 2019.
PURA Partner KALY
Also Positioned For Cannabis 2.0
Run
PURA’s partner Kali-Extracts (KALY)
is in a good position to enjoy a Cannabis 2.0 run as well.
KALY has a US Patented Cannabis Extraction Process it uses for
pharmaceutical product development at the same time also using it
for the production of consumer edibles and beverages. KALY
has issued a sole licensee to PURA for the production of cannabis
infused beverages. KALY produces its own CBD infused
candies. KALY also has access to the Canadian Cannabis 2.0
market through NOUV. KALY’s $0.007 PPS is a bargain and
nothing to stop it from running back to its $0.04 52-week
high.
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