The Puration Inc (OTCMKTS:PURA) stock was in the middle of a downward spiral yesterday and tanked by as much as 11%.
The decline in the stock came about after the company released a management preview in relation to strategy to move on to the Farmersville Hemp Brand model of business operations. In addition to that, the business review also earmarked the sort of roles that are going to be played by North American Cannabis Holdings Inc and Alkame Holdings Inc in this transition plan.
The company announced in its management preview that the company is going to leverage its marketing expertise and cannabis technology in order to make a move in the entire cannabis market. It is an ambitious plan from the management and one that is going to be watched keenly by investors over the coming weeks. At the same time, investors could consider keeping an eye on the Puration stock and see if it can actually make a recovery.