Pure Global Cannabis Inc PRCNF

RE:Next week

[lifegoeson]

722,000 shares passed hands on the continuation of the consolidation cycle. About 11.9 M shares for the five trading days this week since the push above $0.31 and more than a double from its lows below $0.14 just weeks ago. So, profit taking was highly probable, then more nervous selling, pullback, and what now feels like a more or less complete consolidation around $0.25. Next week will be interesting, if there is news I suspect the price to strengthen, however, if they are still not ready and there is no news, likely in my opinion more sellers than buyers as people take the tack that PURE is not ready yet to really create value. Speculators will push out stock if they don't feel momentum. I still maintain that I am very surprised PURE wasn't more advanced in its ability to sell cannabis to the adult market using their online presence. They launched a new web site but the information contained there is very sparse in my opinion, thus reflective of timing, timing, timing. Long term hold will be what everyone will say.