U.S. PATENT FOR PURA; A DIVIDEND FOR USMJ
USMJ and PURA entered into a transaction last year now on the verge of making a major splash in the cannabis market. USMJ reorganized an operation with a patented cannabis extraction process under PURA in exchange for a controlling stock interest in PURA. The transaction included PURA common stock slated for issue to USMJ shareholders in a dividend distribution.
The two Companies are now engaged together in the development of a line of cannabis infused sports and fitness supplements under the brand name EVERx. An initial EVERx inventory was recently shipped for retail distribution. USMJ and PURA plan to release a joint CEO Shareholder update tomorrow, Tuesday, May 2nd, 2016.
PURA NOW DTC ELIGIBLE; CURRENT INFORMATION STATUS IMMINENT
PURA announced this past Thursday, April 28th, 2016 that the Company had become eligible for the book-entry delivery and depository services of The Depository Trust Company (the "DTC") to facilitate electronic settlement and transfer of its common shares. PURA management further indicated that all reports required by OTC Markets for PURA to meet ‘Current Information’ standards were to be filed immediately.
All indications are that USMJ shareholders are getting closer to receiving a dividend and that PURA is ready to shortly realize its first revenues from the introduction of a patented cannabis extraction process. The recent news bodes well for the potential of both Companies to realize positive market attention and deliver leading cannabis sector PPS performance.
USMJ ROI POTENTIAL
PURA ROI POTENTIAL
PURA has only 50,000 shares issued and out with a $0.03 PPS. With such a tight float, PURA has the potential to realize a substantial PPS increase with anticipated news forthcoming following the imminent reestablishment of the Company’s ‘Current Information’ status.
WALL STREET CORNER REPORT OUTLOOK
The Wall Street Corner Report looks at each company knowing the odds are against its long-term success but knowing fortunes can be made on any company successfully meeting one or two business plan benchmarks along the way even when those one or two benchmarks might not add up to a company becoming the next Berkshire Hathaway. We're not fiendishly 'short' sighted nor are we here to dream the impossibly 'long' dream. We take a practical view on the big ideas of well intentioned management and look to profit on each reasonably achievable step the well intentioned mangers take toward their big ideas.