Puration Inc (OTCMKTS:PURA) has remained a top seller of EVERx CBD Sports Water for quite a while now. The company’s CEO Brian Shibley says they are moving into a European Distribution Agreement for their leading product.
The agreement and what it entails
He released the details about the agreement through a presentation and said the company might generate high revenues. According to him, they might even make $4 on an annual basis. The presentation was conducted at the Arnold Sports Festival in Barcelona.
Some shareholders have been piling pressure on the company to disclose the distributor the company is collaborating with. So far, it remains a mystery for them since the business guru hasn’t named the distributor yet.
PURA faces pressure to name its new distributor
PURA hasn’t yet announced the distributor doesn’t mean it is going to keep it a secret forever. Meanwhile, it needs to look out for the interests of its new clients and partners. The problem is that an early announcement usually results in new clients and partners receiving some unsolicited calls. Most of them are not welcoming of such calls, and the company should protect them.
The company has also revealed the findings from a research body known as Goldman Small Cap. This researcher had been entrusted with carrying out a CBD beverage industry survey on behalf of the company and is already through with the process. PURA says it will soon unveil the information collected from the survey. The business guru usually conducts such surveys to help enhance existing products or introducing new ones. The plan at the moment is to launch new CBD infused coffee, beer, and tea beverages.
PURA also intends to publish updates of its new coffee infused with CBD as well as the unveiling of TranquiliTeaCBD. It also knows that the shareholders are eager to know the company’s progress update. In this regard, it intends to provide more information about the 2019 $4 million sales milestone.
Over the past six months, the company has already managed to generate about $1 million in CBD beverage sales. In the previous year, it generated about $1 million as well. The new milestone seems high, but only time will tell.