Bullboard - Stock Discussion Forum Pure Extracts Technologies Corp. C.PULL

Healthcare Cannabis

Pure Extracts Technologies Corp. is an integrated Canadian plant-based extraction company specializing in the processing of cannabis, hemp and functional mushrooms to produce oils and various derivative products. The company is involved in white labeling activities as well as selling branded oil based products under the Pure Extracts brand.

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CSE:PULL - Post Discussion

Pure Extracts Technologies Corp. > PULL with a falling wedge pattern

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Post by maysilverstone on May 26, 2021 4:04pm

PULL with a falling wedge pattern

$PULL dropping 5.4% to $0.265 today- the bounce is coming soon IMO as they enter into the Michigan market which is one of the fastest growing cannabis markets in the US with insane YOY sales growth.

Some stats on the MI market:

- MI has about 245k registered patients in their medical program- compare this to FL, which has about 330k with a population of 21M while the MI population is about 9M

- Adult-use grew 278% and medical-use grew 43% from April 2020 to April 2021

- Combined sales grew 149% YOY and 5% sequentially

- Users in MI pay $4k USD for a pound of flower while in Canada users pay $1,500 CAD

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