another step toward profitability. Nice to see another update on revenues. This time in regards to the highly desireable cannabis edibles.
Pure Extracts Commences Initial Production Run of 50,000 Gummie Packs for Provincial Distribution (yahoo.com)
Ben (CEO) has stated profitability by Q2/Q3. PULL continues to execute on Every. Single. Promise. they have stated. Revenues continue to be booked and by that Q2/Q3 we should have significant revenues reports and profitability.
Extract companies are trading at 5-15x multiples depending on which company. even a conservative 5x multiple will put us at $150mm market cap with the expected $30mm in revenues. This will put the share price at $2 with the existing out standing share count of 75mm. If we get a 10x multiple well we are at $300mm market cap or $4 a share, A 10 BAGGER PEOPLE!.
Time will tell, but i'm holding.