Nouveau Life Pharmaceuticals Inc (NOUV)

[aanerut]

From a 25 greenhouse to a 400 greenhouse grow operation.

"Puration acquired an older conventional nursery operation, First Choice Nursery, and immediately began renovations. Puration is now utilizing the 25-greenhouse facility conventionally and anticipates growing to $1 million in annual sales from conventional nursery operations. First Choice Nursery started booking its first sales since the Puration acquisition in the first quarter of this year. Puration has an option on acquiring another 400 greenhouse pads. Puration is working to secure a medical marijuana cultivation license in Texas with future plans to migrate the conventional nursery operation into a cannabis cultivation operation."

https://finance.yahoo.com/news/puration-cannabis-cultivation-business-takes-131300744.html

Here is the address of the nursery 12159 FM 1803
Murchison, TX 75778

https://www.plantant.com/nursery-availability/1008256/first-choice-nursery#!spider=true

So an anticipated $1 million in annual sales from conventional nursery operations at the 25 greenhouse level. Up that to 400 greenhouses and they estimate about $16 million. Throw in medical marijuana cultivation and this sky rockets!

"The projected $1 million in annual revenue from the operation of 25 greenhouses will come primarily from the sale of traditional greenhouse grown flowers for use in residential landscaping. The original nursery operation had a long history that includes contracts with Lowes and Home Depot.

Puration and NCM Biotech plan to expand existing University Research relationships to include a portion of the greenhouse facility being utilized to develop a proprietary strain of CBD. Puration will use proceeds from the balance of the traditional nursery operation to expand the operation into its full 400 greenhouse potential. The operation is located in a region of East Texas well known for nursery operations. Texas has recently legalized medical marijuana and is pending the issuance of its first licenses. Puration intends to transition to marijuana growing overtime in conjunction with the legalization process. In the meantime, Puration anticipates the traditional nursery operations have the potential to expand to as high as $16 million in annual sales. Medical Marijuana sales can be substantially higher."

www.floraldaily.com/article/10758/US-Puration-to-convert-First-Choice-Nursery-into-MMJ-operation/

"With the addition of the First Choice Nursery grow operation, NCM Biotech and Puration are working together on a university partnership to grow a unique strain of cannabis that can further enhance the quality of the extracts derived from its US patented extraction process."

Puration is working on their own unique strain of cannabis and have a patented extraction process.

https://www.europeanpharmaceuticalreview.com/news/64405/puration-strategy-cannabis/

Now this is on the US side. In addition to this Puration acquired Canadian Cannabis Farmers Co-Op.

"The acquisition is intended to add to Puration’s existing cannabis cultivation strategy specifically by opening for Puration the recreational marijuana market expected to be legalized nationwide in Canada this summer."

http://money.ca/canadian_money/2018/05/09/puration-announces-acquisition-of-canadian-cannabis-farmers-co-op/


Why all of this is important to NOUV is because the spin-off from Puration is its cannabis cultivation business, i.e. the First Choice Nursery and the Canadian Cannabis Farmers Co-Op. So just from the First Choice Nursery there should be a minimum of $1 million, with possible $16 million (all from traditional plants for landscaping not even the MMJ which they anticipate in the $100 million!) plus anything derived from the Canadian Cannabis Farmers Co-Op.

This is for sure going to be bigger than we all expect!