Puration Inc (PURA)

[redwagon]

So the news accumulation over the past week means that PURA (who has a line-up of products that I believe will be great sellers), MLCG and the new company Spanish Peaks (soon to be a public company) now has the funding to create a manufacturing facility for beverages and edibles that will double as a decadent touring facility (first of its kind as an upscale site) that will draw a lot of tourism away from the smokey old buses that drop people off at various dispensaries throughout the day.

The early estimates were for $3M in revenues and may be revised upwards as the year goes on. At $3M Rev's and a very conservative valuation of 2.5X Revenues, PURA is slightly undervalued, but that made sense because there was no sure path to production. Now that production seems imminent, and revenues estimates should be revised higher, I believe that the stock is less 1/2 the price just on a one year valuation.