Good think you didn't sell today according to....Insider Financial
By Jim Bloom
Feb 28
th2019
Agraflora Organics International Inc (OTCMKTS:PUFXF) is an attractive fundamental investment if the pursuit of growth opportunities in Europe is anything to go by. The company has also made considerable progress on transitioning from an AMCPR applicant to an innovative, high-quality licensed cannabis producer. After a rollercoaster 2018, the company is bracing itself for a breakthrough year when it comes to revenue generation.
Its wholly owned subsidiary AAA Heidelberg Inc. has also moved to acquire high-quality cannabis strains to begin cultivation in an 8,800 square foot facility in Ontario. In addition, AgraFlora Organics spinoff company, Nature Hemp, is moving forward with plans to come up with hemp-based coffee creamer.
Recent developments explain why the stock has bottomed out after taking a significant hit last year. The stock has bottomed on huge traded volume, alluding to renewed investor interest. As the upward momentum continues to gather pace, so is AgraFlora Organics turning out to be a breakout play.
A rally followed by a close above the $0.30 mark should open the door for the stock to turn bullish after a long period as a bear. Above the $0.30 mark, the stock could make a run for the $0.60 level, which happens to be the next substantial resistance level. Below the $0.20 mark, the stock remains susceptible to further drops given the long term underlying bear trend.
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