PUF VENTURES INC (OTCMKTS:PUFXF) In Expansion Mode

How do you refer to a stock with an increase in revenue of over 1400% in two years, jump in value of 300% within a month and consistently increasing cash reserves over four years?PUF Ventures Inc (OTCMKTS:PUFXF) has proven itself to be a buy on the dip with its impressive results and it is only expected that it will go higher from here.Take a look at the stock’s price movement over the past year: PUFXF Daily ChartBrief HistoryPUF Ventures Inc. is a growth oriented and diversified company focused on the international cannabis industry. The company engages in the acquisitions, joint ventures, and marketing and offers medical marijuana products and electronic cigarettes, as well as owns and operates real estate projects. It has ownership in several cannabis companies: AAA Heidelberg, Solaris Nutraceuticals Pty Ltd., Weed Points Loyalty Inc., and Natures Hemp Corp., and is actively pursuing other opportunities within the industry. PUF has an option to purchase 100% of AAA Heidelberg Inc., a private Ontario company and advanced applicant for an ACMPR license. Currently, AAA Heidelberg has not received a license from Health Canada. The company was founded on June 24, 2004 and is headquartered in Vancouver, CanadaRecent DevelopmentsPUF Ventures Inc. recently announced that PUF Ventures Australia's applications for medicinal cannabis licenses for its Northern Rivers Project in New South Wales, Australia , for both cultivation and production, cannabis research license and manufacturing license have been accepted by the Office of Drug Control (ODC). The applications have now progressed to the assessment phase, with all associated fees paid. The company has promised to keep the public informed as appropriate while it progresses through the process.PUF Ventures Australia also began operating under a new corporate name, Solaris Nutraceuticals Pty Ltd.The firm had earlier announced that PUF Ventures Australia had engaged renowned Dutch greenhouse builder KUBO, for the engineering and tendering process for the construction of a 1.2 million-square foot, fully automated greenhouse to be built in New South Wales Australia .CEO of PUFA, Michael Horsfall, explained that PUFXF’s goal is to have the highest quality and lowest cost medical cannabis grown under the sun and KUBO's global presence and advanced designs gives it the necessary experience to excel in Australia's challenging environment. He also mentioned that the firm’s management was impressed with KUBO's Ultra-Clima greenhouse design that would make their facility one the most advanced cannabis production facility.This is especially crucial as having a low-cost operation while the medical cannabis market matures will be critical to the long-term success of PUFKF’s Northern Rivers project, which was announced in September 2017. It is expected that the operations would provide over 300 jobs in the Northern Rivers Region of New South Wales with opportunities for many downstream businesses.On a positive note, the support from all levels of government has been overwhelming and it has enabled to firm to speed up the licensing and permitting stage of the project.PUFA chose renowned Dutch greenhouse builder KUBO, to engineer and tender the first Ultra-Clima Greenhouse in Australia specifically for cannabis. With the Ultra-Clima, KUBO Group has made advancements towards the greenhouse of the future. The Ultra-Clima greenhouse meets all the requirements of modern growers; higher yields, maximum food safety, minimum energy and water consumption, minimum CO2 emissions and improved returns.The Northern Rivers Project will consist of multiple zones over 1,200,000 square feet. This facility is believed to be the Southern Hemisphere's largest purpose-built greenhouse, designed specifically to produce medical-grade cannabis.The Northern Rivers greenhouse project will have the guidance of Mr. Casey Houweling, CEO of Glass Investments Inc, a world-renowned greenhouse innovator, designer, operator and grower. He has built and operated one of North America's largest greenhouse enterprises, and has developed and adapted intellectual property in the form of patented greenhouse systems. PUFA and Houweling are poised to deliver more combined automation, efficiency, good manufacturing practices and sustainability features under one roof than any other existing greenhouse in the world.Financial PerformanceAlthough below its full capacity, the company recorded revenues of $0.13 million in 2016, a massive jump from $9000 in 2015. However, the increase in revenue was matched by increased cost of sales, allowing the firm’s trend of net losses to continue in 2016 at $2.04 million.However, PUF Ventures Inc was able to increase its cash holding to ensure that its expansion operations continue without the loss of liquidity.Considering its trend of net losses, it is likely that the firm will have to raise additional cash to support its operation in the new period.ConclusionWith the level of support PUFXF has received from the government in its operations and its continuous investment in expansion, it is only likely that the company will go on to fulfill its massive potential.We will be updating our subscribers as soon as we know more. For the latest updates on PUFXF, sign up below!Disclosure: We have no position in PUFXF and have not been compensated for this article.