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Pure Extracts Technologies Corp. C.PULL

Pure Extracts Technologies Corp. is an integrated Canadian plant-based extraction company specializing in the processing of cannabis, hemp and functional mushrooms to produce oils and various derivative products. The company is involved in white labeling activities as well as selling branded oil based products under the Pure Extracts brand.


CSE:PULL - Post by User

Post by maysilverstoneon May 11, 2021 4:35pm
107 Views
Post# 33175904

$PULL- solid buying opportunity

$PULL- solid buying opportunity
$PULL looking very cheap as the stock chart is bottoming around the mid $0.20s today.
 
They've recently announced their agreement with Canada's premier cannabis retail sales agency, Cannavolve which has a strong track record of building brands in Canada. By utilizing their existing relationships with provincial wholesale buyers, they will maximize the distribution of Pure Extracts products across Canada.
 
Some other recent news:
- Will be entering the US market via a joint venture in Michigan. This entry into the US market is huge for $PULL- the Michigan market is one of the fastest growing legal cannabis markets in the US (cannabis sales increased 179% from last year to $146M).
- In the final stages of signing 2 Licensed Producers as customers in order to manufacture their cannabis 2.0 products in the vape and tincture sectors
- Launched their functional wellness line of products through Pure Mushrooms branded Amazon direct-to-consumer sales channels in the US and Canada
- Working with Psyence Group which will provide them with access to Psyence's team of doctors/researchers to work towards producing a psilocybin compound that will deal with PTSD, anxiety, and other mental illnesses.
 
This stock is oversold IMO- will be watching closely for a rebound.
 

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