Pure Global Cannabis Inc PRCNF

2.26 M shares yesterday.... the cannabis game isn't friendly

[lifegoeson]

It was a tough slug yesterday for PURE, trading over 2.2 Million shares, with a lot of stock exiting from Anonymous. The cannabis stock game was down sharply yesterday as lack of supply, valuations, and lack of places to sell (especially in Ontario) represents long term impacts. However, PURE held price, but a lot dumped out stock to protect a potential price pullback overall in the markets for cannabis. The DOW was crushed yesterday and today early market trading indicates down around 300 points pointing to a very, very nasty price correction overall in the markets (some are talking the crash of 87 due to Trump and his desire to steal money from everyone in the markets. They will take no prisioners in a down market. Hopefully cannabis turns today and stops the exit of capital from this sector. Some of the big cannabis plays have been downgraded, for example, Aphria was at $22 now below $12, WEED slashed in half from $75 (just think about the money shareholders are starting to loose in these over priced and hyped plas. This is common across many cannabis plays, but in particular, speculators have vanished from the smaller over capitalised plays. PURE is in a PURE spot, they have $23M cash, about to get licence, which will pave the way to revnues which will hopefully offset the capital structure and bring value to shareholders of PURE in terms of price appreciation. Good Luck Everyone.