(STOCK: PURA )
Current Price: $0.011
Chart Analysis
About the Company
Puration , Inc. is a leading Texas-based, CBD-infused beverage provider. The Company’s flagship product, EVERx, which was introduced in 2017, targets the sports nutrition market. Puration plans to introduce new beverages as well as grow its product portfolio organically and through targeted acquisitions. The Company has spun off its cannabis cultivation segment to focus its efforts exclusively on its high-growth core CBD-infused beverage business.
PURA Hemp Lifestyle Brand Designed To Catalyze Entire Hemp Market Growth
PURA recently announced that the company is making major headway in the rollout of its new hemp lifestyle strategy, Farmersville Brands. The closing of the 72-acre land purchase contract where PURA will build the tangible centerpiece of its lifestyle strategy is anticipated to soon be complete. The centerpiece has already announced a hemp cultivation and extraction partnership with PAO Group , Inc. (Stock: PAOG ) and additional partnerships are in the works. PURA management anticipates the Farmersville Brands strategy to become the industry brand name catalyst advancing the entire hemp sector.
PURA's Chart Is Showing A Bullish Uptrend In The Making
Bullish Technical Indicators:
• Bullish downtrend break after bouncing off long-term horizontal support.
• RSI crossed above mid point.
• Momentum bullish uptrend after crossing zero-line histogram and MACD in bullish trajectory.
• Volume rising and buy side dominated.
The Bottom Line:
November has delivered a triple-whammy of great news for cannabis stocks: Several states legalized the use of recreational marijuana, Joe Biden's presidential victory could lead to more calls for decriminalization, and two leading cannabis companies reported better-than-expected results on Monday.
The timing for PURA's new hemp lifestyle brand strategy couldn't be better.
We see plenty of upside ahead for this rapidly growing company operating in a sector that is till in its infancy. By Viewing this Content, you Agree that you Have Read and are in Full Understanding of both our Disclaimer & Privacy Policy(*Remember to use a Stop-Loss Order to protect your gains, as well as limit possible losses.)
Regards