RICH TV Live has been making excellent stock recommendations in recent times and hence, when it focuses on certain stocks, investors nowadays take notice. On Thursday, RICH TV released its latest video, and this time the stock in focus was on plant-based extraction firm Pure Extracts Technologies Corp (CSE:PULL).
It is easy to see why the company was focus on RICH TV. On Thursday, Pure Extracts started trading on the Canadian Securities Exchange and it goes without saying that it is a significant development for the extraction company.
Needless to say, there is almost always a considerable buzz about an IPO, and RICH TV spoke at length about the prospects of Pure Extracts. The company’s stock is listed on the CSE under the symbol ‘PULL’. The host of the show went on to point out that Pure Extracts is involved in a sector that is quite ‘hot’ at this moment.
About Pure Extracts Technologies
The company is involved with helping hemp and cannabis companies with extraction services. Considering the growth in the CBD market and the legalization of ‘Cannabis 2.0’ products, extraction could prove to be a hugely important service in the cannabis industry.
However, that is not the only reason to be optimistic about Pure Extracts. Joe Biden seems to be on track to become the next President of the United States and as is well known, Democrats have generally been far more tolerant towards federal legalization for marijuana. That is another factor that is expected to play on the minds of investors who have a long-term view.
The host also stated that he has been a ‘fan’ of companies that are involved in plant-based industries and hence, Pure Extracts is also one of his picks. He went on to state that Pure Extracts has a highly competent management team and has ‘enormous’ potential.
In the past months, RICH TV has made plenty of winning recommendations and it remains to be seen how it pans out. However, it cannot be denied that Pure Extracts Technologies is a newly listed company and its stock is expected to create a certain degree of interest among investors. Investors could do well to keep an eye on this stock over the coming days.
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