There hasn't been a lot of talk about PUF Ventures, so I thought I'd open it up for discussion to cover both the good, the bad, and the comparables.
As of lately, PUF Ventures has been stirring the pot. PUF owns a majority interest in AAA Heidelberg, a private Ontario company based in London that is an advanced applicant for an ACMPR license from Health Canada. PUF has an option to acquire the balance of shares to own 100% of AAA Heidelberg upon receipt of the ACMPR license. On June 6th PUF released a PR stating that they are 8th in line for receiving their ACMPR license, and on June 27th stated that they have about 4 weeks left of final facility upgrades.
Recently, PUF Ventures signed a JV with Canopy Growth. This JV allows PUF to work with Canopy Growth's team and allows access to Canopy's infrastructure, marketing, and distribution channel.
PUF currently operates in a 8,800 sqft building, but as of two days ago announced that they have plans to expand this to a 35,000 sqft operation.
In comparison to other companies in this sector, PUF currently has a relatively low valuation. PUF sits at a market cap of 14.2M, whereas comparables like BE and HVST and valued at 3x higher.
The share price has been held down the past few days because of a PP that recently became free trading, so the stock price hasn't responded much to the recent PRs. Once this settles however, I expect the stock price to go up, and go up fast.
Disclaimer: I'm personally long on this company after they've signed the JV with Canopy. That being said, there is a licence play here to be made.
I'm just sharing my 2 cents, I'd love to hear about what others have to say about PUF Ventures.
Submitted July 13, 2017 at 08:00AM by wpgwinchester