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News Focus
Voyageur Secures First International Sales Contract worth US$1.9 Million (click to learn more)
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Bullboard - Stock Discussion Forum Pure Global Cannabis Inc PRCNF

Healthcare Drug Manufacturers - Specialty & Generic Cannabis
Pure Global Cannabis Inc is a growth-oriented life science cannabis company led by experienced pharma-industry, horticultural and supply chain experts.

Bullboard (GREY:PRCNF)

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Post by mtgfree1on Nov 20, 2019 5:57pm

Excellent news PURE has strong footing

I'm positive on Pure making me money 
61
Comment by Jonassson Nov 20, 2019 2:28pm

RE:RE:RE:RE:RE:RE:BOOM

If you read carefully the 28M is not a fixed amount that PURE will have to take. See below it says AVAILABILITY OF UP TO 28M which means it is not decided yet how much PURE is going to consume but ...more  
85
Discussion
Comment by AREKAY1on Nov 20, 2019 2:03pm

RE:RE:RE:RE:RE:RE:BOOM

Consistent with Jonass’s take, Mel just characterized this as a “backstop” pending cheaper financing ahead. We’ll see, but that’s directionally positive. 
49
Discussion
Comment by AREKAY1on Nov 20, 2019 1:54pm

RE:RE:RE:RE:RE:RE:RE:BOOM

I don’t know either. I took that from the “up to” language and the series of private placements. For sure, anything above 8M is contingent. That only kicks in when mkt cap reaches 32M (which is a good ...more  
68
Discussion
Comment by JMark80on Nov 20, 2019 1:18pm

RE:RE:RE:RE:RE:RE:BOOM

As long as draw down is at Pure's discretion, then I'm ok with that. I assume they arranged $28mm as a worst case scenario, in case they can't attain better financing.
57
Discussion
Comment by JMark80on Nov 20, 2019 1:15pm

RE:RE:RE:RE:RE:BOOM

You may be correct that it's structured as a drawdown equity facility, but press release doesn't mention that.
39
Discussion
Comment by AREKAY1on Nov 20, 2019 11:23am

RE:RE:RE:RE:RE:RE:RE:Pure received 12 cultivation and processing licensing

Someone had to say it. Thanks for taking one for the team! 
31
Discussion
Comment by AREKAY1on Nov 20, 2019 11:22am

RE:RE:RE:RE:RE:BOOM

This looks right. I share JMark’s skepticism re Alumina— but this is “metered” financing — everything will depend on how much funding they take from this source and what they do with it. Jonass is ...more  
83
Discussion
Comment by happerdanon Nov 20, 2019 10:31am

RE:RE:RE:RE:RE:RE:Pure received 12 cultivation and processing licensing

Why don't you pack it up? No one cares about your grab a price quote from the hat approach. No one cares if you sell or buy or any of it. 
44
Discussion
Comment by Jonassson Nov 20, 2019 10:28am

RE:RE:RE:RE:BOOM

28M is the max PURE can get from Alumina but that doesn't mean that all the amount will be consumed. They can use only 1M or 2M or less or more as needed. It's like a credit card with a limit ...more  
108
Discussion
Comment by JMark80on Nov 20, 2019 10:03am

RE:RE:RE:BOOM

Then why is Alumina allegedly committing to $28mm?
33
Discussion
Comment by JMark80on Nov 20, 2019 9:45am

RE:RE:RE:BOOM

Probably not. I don't like Alumina, or the size of the financing.
71
Discussion
Comment by Jonassson Nov 20, 2019 7:51am

RE:RE:RE:RE:BOOM

You can't apply what happened with other companies on PURE just because we used same financier. There are lot of hidden information that led to some companies failure and not just financing. It is ...more  
108
Discussion
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