Pure Harvest Cannabis Group, Inc. (OTCQB: PHCG)
Pure Harvest Cannabis Group, Inc. (OTCQB: PHCG)
Pure Harvest Cannabis Group Changes Name, Evolves to
Pure Harvest Corporate Group
Company Summary: Pure Harvest (OTCQB: PHCG) is a publicly traded holding company involved in all cycles of cannabis and CBD development. The Company is committed to providing the highest quality products, ethical growing standards, environmental awareness, and corporate integrity. Pure Harvest intends to develop into a large scale vertically integrated multi-state operator (MSO), producer, and distributor in well-established and growing markets.
Pure Harvest is focused on developing precision dosed health and wellness consumer products. The Company’s goals include establishing Pure Harvest as an iconic consumer product brand offering a wide variety of cannabis/CBD products that can be sold in multiple international markets that have legalized cannabis and hemp-derived products.
Key Metrics @ 7/23/2020
|52 Week Range||$0.20 to $0.66|
|Shares in the Float||5.238M|
|Shares held at DTC||2.435M|
|Common Shares Authorized||240M|
|Average Daily Volume: 30 Day||5,970|
|Reporting Status||SEC Reporting|
|Most Recent Filing: 10-Q for 03/31/2020||Filed: 06/29/2020|
(Source: OTC Markets, SEC filings)
Corporate News and Market Drivers
Denver, CO, June 25, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Pure Harvest Corporate Group, Inc. (PHCG), previously “Pure Harvest Cannabis Group,” a diversified cannabis and hemp-CBD holding company, is pleased to announce that it has amended the Company’s Articles of Incorporation to change the name of the Company to Pure Harvest Corporate Group, Inc. The new name better reflects the Company’s expanding, varied interests in a multitude of growth industries.
DENVER, CO, May 28, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Pure Harvest Cannabis Group, Inc. (PHCG), a diversified cannabis and hemp-CBD holding company, is pleased to announce that it has launched its new line of CBD infused energy drinks and products, “Elevated Harvest.” Elevated Harvest is designed for active consumers looking to enjoy the myriad benefits of CBD with the added bonus of energy. The Elevated Harvest product offering provides customers with a wide array to choose from with shots, drinks, balms, tabs, and tinctures.
Acquisition Adds Significant CBD Production & Distribution to Pure
Harvest’s Growing Portfolio
Denver, CO, April 28, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Pure Harvest Cannabis Group, Inc. (OTCQB: PHCG), an emerging cannabis and hemp-CBD holding company, is pleased to announce that it has completed its acquisition of EdenFlo, LLC, a large-scale producer of CBD extracts and concentrates, for a combination of stock and cash. The acquisition adds a significant CBD production and distribution company to Pure Harvest’s growing cannabis portfolio. EdenFlo has been acquired by Pure Harvest Hemp, Inc., a wholly owned subsidiary of Pure Harvest Cannabis Group, and became effective April 24, 2020.
Bottom Line Observation
PHCG has seen an upward movement from $0.40/share on 06/23/2020 to $0.50 on 7/23/2020… a nice 25% uplift in share price in 30 days.
As soon as the name change becomes effective, the Company will most likely be inclined to issue additional news that will make the market more aware of PHCG’s potential. If you like what you read about PHCG, now might be a pretty good entry point to start accumulating shares before the “word” gets out…!
By Mike Casson,
Executive Editor and Senior Analyst
Pure Harvest Cannabis Group, Inc.
2401 E. 2nd Avenue, Suite 600
Denver, CO 80206
Matthew D. Gregarek, CEO
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