Pure Global Cannabis Inc PRCNF

Summary of news

[Jonasss]

What will PURE actually get in cash from all the money that came in is $937k+ $2.1M= $3M. That money is NOT enough to start phase 3 construction but this money makes sure that we plant (already started) and extract our product. So dilution is negative but the company survived the storm. So we stay where are in terms of SP I see. I can't predict how SP will react in the coming days.

[Toelder]

Hi Jonass, I am wondering. They said they would begin immediately with sales, extraction and cultivating after HC approval (18 november). Because they were 'well-prepared' for cannabis 2.0.. But this NR suggest, that they are just getting started at the Brampton facility. What did they do from 18 november untill now? Is there any revenue been made in this Q so far with bulk sales

[ShinyGlass]

They should react positive. Its a very good out come.A GREEN light for Pure's future.

[burnout29]

This post has been removed in accordance with Community Policy

[Jonasss]

Dont forget that they didn't have any money and few management staff on board during the last 2 months. So not much activities happening as they were waiting for financing. And I don't think that there is any sales because they haven't produced anything yet. So what they did is they planted the seeds because it is not a big task I believe but once the seeds are plants that's when

[Toelder]

Man I can say I am very dissapointed! This financing is dilutive AF! 37M new shares at 0,056... Malay promised us for the last 4 months we would see a non-dilutive one. Can we trust him again? Oke, it is a harsh environment to get money. So we can give a little credit to the Pure team. But it's wat Arekay said: if they tempered expectatations people wouldn't be upset about this financing

[Jonasss]

I agree on all what you said below. But now we have no choice but to wait and see at these very low prices. We are stuck here just like most Cannabis sector investors. This is not about PURE anymore, this is about the whole sector health which is dying slowly. Most of sector CEO's has to be thrown in the garbage bin as they didn't handle their cash well and counted on the sector market

[Toelder]

Yeah you are right.  But luckily they have a global vision, for example with GCHC. We all know the global markets are opening up for CBD. I think GCHC could be a really good brand that resonates well with consumers in the health and beauty sector. But again, this was planned for Q1/H1 2020, but I see this postponed also. And what about JV in Germany and UK? In their investor desk they said

[AREKAY1]

Agree with you. I have been on them re their comms strategy for some time—this needs to be fixed. Only other point is that MP has shown real discipline in not tapping into available dilutive financing, which I think he views as an emergency backstop. You will see that there is no reference to funds from the newest placement in their description of short term use of funds (and closing is at P’s