Canadian licensed producers are on the move in 2019, but one is leading the pack and it’s not one of those super-expensive stocks that get pumped by the corporate media. In fact, it’s a small-cap company that’s still trading at a very affordable price, but it likely to continue higher after some very encouraging recent news.
It just came across my desk, and now I’m alerting you to the great news: Health Canada has issued a subsidiary a sales license to Pure Global Cannabis Inc. (TSX-V:PURE, OTC:PRCNF), a Canadian licensed producer that I’ve been watching for a while now. I was waiting for a watershed moment to occur, and this is precisely the catalyst for explosive price movement that investors have been looking for.
Led by experienced pharmaceutical, biotechnology, horticultural, and consumer packaged goods experts, Pure Global Cannabis is dedicated to developing innovative brands and products for discerning cannabis consumers. And now that their subsidiary PureSinse Inc. has been granted a sales license by Health Canada under the Cannabis Act, the sky’s the limit for Pure Global Cannabis and for PURE/PRCNF investors.
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Naturally, Pure Global CEO Malay Panchal celebrated the achievement, saying, “This is a significant milestone for us and something we have been vigorously preparing for over the last several months… We feel the medical community has been hugely underserviced with poor patient and physician education and product offerings, areas we hope to be trailblazers in and make a significant contribution to in 2019.”
Mr. Panchal wasn’t the only one celebrating, as investors cast their votes of confidence with substantial buy orders:
Courtesy: finance.yahoo.com
Even with the celebratory price movement, Pure Global Cannabis shares remain severely undervalued compared to their peers in the industry, with plenty of room to move up while other names in the universe of licensed producers have already topped out:
Courtesy: Pure Global Cannabis Inc. Investor Presentation
I’m fully expecting the price to continue in this direction due to the massive benefits conferred to the company through the newly granted sales license. In particular, Pure Global Cannabis will now be able to sell their products into the adult-legal consumer market through provincially licensed retailers, for which the company is already launching uniquely curated consumer product lines tailored to specific market segments.
Anyone who followed Future Money Trends’ previous alerts on Pure Global Cannabis Inc. are reaping the rewards as the company moves forward with terrific news and expanded opportunities in legalized cannabis. We’re looking forward to even bigger and better things as PURE/PRCNF investors enjoy their gains in what’s already proving to be a remarkable year for the cannabis market.
Best Regards,
Daniel Ameduri
President, FutureMoneyTrends.com
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