Rare Opportunity in the Cannabis Space
I’ll keep this short since you already know we cover this company and I see it as a core stock for my own personal cannabis portfolio.
Right now, Pure Global Cannabis has about CAD$14 million in cash and no debt.
The current market capitalization is CAD$35 million, meaning that excluding the cash, the market is only giving them a value of CAD$21 million!
This company is on the verge of receiving their license to produce in a country where cannabis shortages are now widespread, forcing many stores to shut their doors due to lack of supply.
There are 132 licensed producers, and many of them have failed to deliver on the supply they committed to. In my opinion, Pure Global Cannabis will be radically revalued once they have their license in hand, which could be any day now.
Recommendation: Consider buying shares of Pure Global Cannabis (Canada: PURE & US: PRCNF).
***Special Disclaimer*** PURE is one of my largest holdings.
I personally only own the stocks and other investment ideas suggested in this letter.
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