Pure Extracts sign psychedelic mushroom LOI (CSE: PULL) (OTC: PRXTF) – RICH TV LIVE – March 9, 2021 – Pure Extracts Technologies Corp . (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that it has signed a Letter of Intent (LOI) with ShroomBloom Labs/Floja Bioscience Inc. (“ShroomBloom”) to enter into an agreement for the supply of psychedelic mushroom biomass.
Hey guys how you doing this is rich from merch tv live and i got some more big news from pure extracts symbol pull in canada p u l l p r x t f in america p r x t f in america looks like this you can see the sideways consolidation you can see the low here of four cents high of a dollar currently at 40 cents in america was up one percent today and in canada p-u-l-l
Pure extracts at 51 cents now if i want to mark the high and the low i just go like this mark the high 89 cents mark the low here of 44 cents i’m going to get into the news and i’m going to come back and i’m going to break down this chart but based on this chart we’re clearly in a buy zone and remember rich tv live is strictly for education and entertainment
Purposes always do due diligence do your research before you invest in anything that we talked about here in rich tv live consult a financial advisor and chances are you’re going to speak to the financial advisor and they’re going to say yeah you know what where’d you get these picks and you’re going to say for my boy rich and they’re going to say that guy’s
Got some good picks what we try to do here is we try to identify the best opportunities that are undervalued under appreciated underexposed and we try to give you good companies at good times so what i’m trying to do now is identify buy zones and sell zones which is really difficult with early stage companies that are extremely volatile so what we do is we
Mark the highs and the lows and clearly you can see that since this company’s done its ipo it’s literally lower right now at 51 cents than it ipo’d at and it went as low as 44 cents which was a screaming by because it’s the lowest it’s ever been so this is what we would call the buy zone so we are in what we call the buy zone so if it goes underneath 51 or
Lower that would be considered the buy zone now it doesn’t mean it can’t go lower it could clearly go lower but it can also go higher so when i’m looking at the cell zone i like to look at points of resistance points that it wasn’t able to break that zone right so what i typically like to say okay that will be the cell zone then i do believe it can go higher
It has gone higher but based on the fact that it’s struggled to break the zone here and struggle with that zone here leads me to believe that this is the cell zone which is around the 80 cent zone so we’ll call this the cell zone so now you know where i think the bizone is and the cell zone is so based on that information i’d love to know what you guys think
Now this company just had some big news so let’s get through the news right now this is the website purextractcorp.com and i like to use investing.com to do research and due diligence on companies you can get lots of information from investing.com about the company we can pull up the chart right here you can see it was up five percent today so a nice day for
The company and if we go to technicals and we go to technical analysis click on technical analysis scroll down it’s going to give us the hourly which is a sell for the moving averages and the technical indicators give it a strong buy on the 30 minutes it’s giving it a strong sell 15 minutes a strong sell on the five minutes of strong sell on the five hours so
That right now everything is pretty much sell so when i’m saying and meanwhile for the monthly it’s a strong buy so it’s a strong buy for the monthly it’s neutral for the weekly it’s a sell on the daily everything is sell except for what was a strong buy by technical indicators so based on the technical indicators and based on what i’m telling you as well it’s
A strong buy so the technical indicators and my own technical analysis is saying it’s a strong buy okay you can go to candlestick patterns here on investing.com as well and you can see the candlestick patterns and you can clearly see it’s trending down so based on that i believe it’s in the buy zone and you can see all the different candlestick patterns all
This information is absolutely free on investing.com so tons of information on investing.com pure extracts technologies corp and their website pure extracts corp.com product purity product quality and let’s get into the news pure extracts there it is pure extracts and also in frankfurt germany as a to q j a j p u l l in canada prxtf in america pure extracts
Technologies corp a plant-based extraction company focused on cannabis hemp functional mushrooms and the rapidly emerging psychedelic sector is pleased to announce it assigned a letter of intent loi with shroom bloom labs flora bioscience inc to enter into an agreement for the supply of psychedelic mushroom biomass wow the news just keeps coming these guys
Have so much news all you need to do is click on news or even click on investors and get all the news like literally the news is non-stop literally non-stop with the news and more news here pure extracts technology corp provides update on face shelf prospectus and deemed exercise of special warrants so lots of news coming out all the time for pure extracts
And then more news again shroombloom is a british columbia-based mushroom cultivator whose unique growing method uses a sustainable forest product to grow organic psilocybe azura sins mushrooms also known as azures they are native to british columbia and are one of the most potent psilocybin mushrooms that have ever been found azures contain up to 1.8
Cellocybin zero five percent cylo cylosin and 0.4 percent by sightseeing by dry weight nearly three times more than the more common psilocybe cubensis mushrooms shroombloom is currently conducting a biotech research and develop program utilizing artificial intelligence ai i love artificial intelligence i absolutely love artificial intelligence ai is the future
And they’ve got videos here i’m not going to go through their videos but you guys can do that on their website go through their videos go through their stock charts everything is on the website purexdrexcorp.com take a look at the canadian us symbol take a look at the charts how they’re down clearly they’re down and we like to buy stocks when they’re down so if
You’re looking to get into poll and it’s still relatively new and you’re wanting to get into an early stage company this company right now is near the bottom it can clearly go lower anything can go down or up in the market so be careful use proper risk management but i believe that this is a buying opportunity and i think the upside is from 50 cents to 80 cents
Pretty spectacular so you could get a nice little return here and long term i think the upside is a dollar plus so from 50 cents to a dollar if you did go to a dollar you’re up 100 that’s an amazing return on your investment so they’re utilizing artificial intelligence to industrialize the cultivation of psychedelic mushrooms i love it absolutely love what
They are doing here you can see the little write up here about the investors section guys remember rich tv live is strictly for education entertainment purposes but it really helps for you guys to smash the like button comment on the videos and subscribe and hit the bell for notifications so every time we have any big news breaking news you guys get to know
The news first okay so please guys i appreciate all your support it means a lot when you guys subscribe smash the like and comment on the videos and even share the videos everywhere to get these videos out there and let the world know about these undervalued underappreciated underexposed opportunities and we have done a very good job of finding undervalued
Companies and identifying good buying opportunities and i believe that this is another one and like i said we’ve got the buy zone mark we’ve got the cell zone mark so we’ll see what happens but i wouldn’t be surprised to see something like this happen here based on the fact that it’s already happened multiple times so why would it be any different i mean look
At this here you know a company with all this news coming out and yeah you know the market wants to wait for revenue so as the revenues are growing and the revenues are just starting to come in now this could be the time to position yourself for the next leg up like i said maybe it goes a little bit lower but i do believe the upside is tremendous so under the
Terms of the loi pure extracts would get preferential access to shroomboom’s crop of psychedelic mushrooms and would get most favored nations pricing that loi is subject to both shroomba room shroom bloom and pure extracts holding dealer licenses under the control drug and substances act cdsa pure extract ceo ben nikolaski remarked a supply agreement with a
World-class cultivator like shroombloom would ensure a reliable source of high quality high potency psychedelic mushroom biomass for extraction facility so that we can produce plenty of silocybin for our formulation and r d activities and for any resulting clinical trials big news breaking news for pure extracts and we’re bringing it to first breaking it to
You first pure extracts and shroombloom sign psychedelic mushroom supply letter let me know what you think we bring in the winners and we bring them to first is your boy rich remembers to be live let me know what you guys think about the big news do you like pure extracts are you interested in this company are you interested in poll let me know this is your
Boyfriend this is your boy from rich tv live prxtf there’s the u.s symbol right here where do we go from here we’ve gone up we’ve come down do we go up again i think it’s pretty likely let me know what you think do you agree do you disagree comment on the video share it everywhere and subscribe it’s your boy rich from stv live and i’m out you
Transcribed from video
Pure Extracts sign psychedelic mushroom LOI (CSE: PULL) (OTC: PRXTF) By RICH TV LIVE