PURA 50 Day MA Breakout Imminent On Sales Growth And Cannabis Market Momentum

January 29, 2021 -- InvestorsHub NewsWire -- via pennymillions -- Puration, Inc. (USOTC: PURA) is on the verge of a technical breakout. The 50 Day and 200 Day Moving Averages (MA) have converged, and the 50 Day MA is ready to breakout above the 200 Day MA triggering a likely run that could take PURA from its $0.017 PPS back to its $0.11 52-week high.

PURA has recently announced continued sales growth anticipated in 2021 from the ongoing sales of its EVERx CBD Sports Water.

PURA has also recently launched an ambitious hemp lifestyle branding initiative and singed up Alkame Holdings, Inc. (ALKM) and PAO Group, Inc. (PAOG) as partners.

With a more cannabis friendly administration now in the White House, in addition to PURA’s own growth and innovation progress, PURA could get a boost from overall cannabis market momentum.

PURA is a North American Cannabis Holdings, Inc. (USMJ) spinoff and USMJ has of late been on a tear.

Source - https://www.pennymillions.com/blog/pura-50-day-ma-breakout-imminent-on-sales-growth-and-cannabis-market-momentum

SOURCE: pennymillions

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