Just over one month ago on August 10th, NIA announced Pure Global Cannabis (TSXV: PURE) at $0.30 per share as its #1 marijuana stock suggestion for the next six months. On August 27th with PURE at $0.32 per share, NIA sent out a major cannabis industry update predicting that PURE was about to become the market's #1 best performing marijuana stock play leading up to the October 17th legalization of marijuana in Canada. Over the following 72 hours, PURE rallied to a high of $0.37 per share, trading total volume of more than 4 million shares!
PURE initially met resistance at $0.37 per share and failed to break through on both August 29th and August 30th. At that point, some investors got frustrated and took profits on PURE to play NIA's CBD-infused beverage play Koios Beverage (KBEVF), which exploded for a gain of 170% over the following few days! We heard from many members who thanked us for discovering KBEVF and now we believe PURE is ready to make a similar move in the days/weeks ahead!
On Monday afternoon, PURE began to breakout big, rallying to close at its key breakout point of $0.37 per share. Yesterday, PURE opened at $0.37 per share and spent the morning trying to break through unsuccessfully. However, at exactly 12:18PMEDT, somebody bought 166,000 shares in only three minutes, causing PURE to finally surpass its key breakout point and hit $0.38 per share at 12:20PMEDT!
With investors realizing that PURE's resistance was gone, six minutes later at 12:26PMEDT somebody bought 170,500 shares in a single minute, immediately driving PURE up to $0.40 per share! PURE finished yesterday up $0.035 or 9.5% to $0.405 per share and we believe its biggest gains in history will come in the days/weeks ahead! We believe PURE could easily become an even bigger winner than KBEVF has been!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from PURE of $75,000 cash for a six month investor relations contract. NIA has received compensation from KBEVF of $80,000 cash for a 90-day investor relations contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.