Thursday, July 7, 2022

Puration Inc (OTCMKTS:PURA) Key Catalysts Power Support

Puration Inc (OTCMKTS:PURA) shares have clearly begun to dig into recent support after holding strong on a breakdown attempt. The result of the past few days of action has been more of a confirmation of a bid than anything else. Hence, this one is definitely worth a closer look.
The key catalyst associated with the action was the company’s announcement of a $1.2 million sales contract. According to the release, the sales contract comes in conjunction with PURA’s recently announced letter of intent (LOI) agreement to acquire a twenty-five greenhouse grow operation. The sales contract calls for a wholesale purchase of all PURA’s production from the 25-greenhouse operation up to $100,000 per month. The acquisition under LOI is expected to close before the end of this month and include expansion terms that could lead to the addition of another 400 irrigated greenhouse pads ready for buildout.
Puration Inc (OTCMKTS:PURA) bills itself as a company that has been a water purification company. PURA is involved in the design, development, engineering, production, marketing, and distribution of personal and group systems that filter, purify, clean, extract or otherwise improve the quality of water on a cost effective, affordable basis, with a minimum of environmental impact.
Resulting from their own design and engineering, the company’s water purification systems include personal water filter bottles, collapsible water pouches, replacement filters, and travel filters.
Find out when PURA stock reaches critical levels. Subscribe to Right Now by entering your Email in the box below.

PURA currently carries an inventory of personal water filter bottles and collapsible water pouches, and that inventory is available for sale at select retail locations.
The Company has, as mentioned, begun to explore and develop new business opportunities focusing on the emerging Cannabis Extractions Sector.
In July 2015, PURA entered into an agreement to acquire certain health & wellness joint ventures from North American Cannabis Holdings, Inc. The company sells its legacy products under the Filter 2GO brand. The company was founded in 2011 and is headquartered in Dallas, Texas.
As noted above, action in the stock has been supportive of late. The failure by the bears to break this stock lower in the past few days comes after a long, grinding correction that has unfolded over the past 6 months. The corrective wave may indeed have bottomed at the $0.02 level over the past month.
The company’s announcement represents a verticalization of its growth strategy, which strongly reduces the number of complete wild card questions investors may have. That’s always a positive turn. As noted in the company’s release, the $1.2 million sales contract will be fulfilled from the production coming from the operation of the 25 greenhouses currently under LOI.
“I have received doctor feedback from more than one of our research initiatives that extracts coming from NCM Biotech’s patented process are superior in purity and quality to any other available cannabis extracts,” said Frederick Ferri, CEO and Founder of NCM Biotech. “Some feedback has specifically indicated that a number of our candidate pharmaceutical products under development have a greater efficacy potential than GW Pharmaceutical products and candidate products.”
Traders will note 11% piled on for shareholders of the name during the trailing month, a rally that has pushed up against longer standing distributive pressure in the stock. Market participants may want to pay attention to this stock. PURA is a stock whose past is littered with sudden rips. What’s more, the company has registered increased average transaction volume recently, with the past month seeing 35% over the long run average.
Currently trading at a market capitalization of $1.3M, Puration Inc (OTCMKTS:PURA) has virtually no cash on the books, which stands against virtually no total current liabilities. The company is pre-revenue at this point. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of $PURA stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $PURA, either long or short, and we have not been compensated for this article.

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected


Latest Articles