PURA Trending BULLISH On Cannabis 2.0 at $0.06 with $0.35 Analyst Target

Date : 10/18/2019 @ 12:44PM
Source :InvestorsHub NewsWire
Stock : Kali, Inc. (PN) (KALY)
Quote : 0.0048  0.00002 (0.42%) @ 2:47PM

PURA Trending BULLISH On Cannabis 2.0 at $0.06 with $0.35 Analyst Target

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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Disclaimer/Safe Harbor:

This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Source: www.nextbigticker.com

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