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Puration Inc (OTCMKTS:PURA) Reports Annual Growth Of 121% In 2019: Issues Guidance For 2020

Puration Inc (OTCMKTS:PURA) recorded robust revenues of $2.7 million (up 121%) in 2019. Its revenues in Q1 2020 reached $805,000 (up 173%). The company is maintaining consistent growth in revenues since bagging the pre-orders for its EVERx Sports Water.

Expands distribution network

EVERx sports water is a huge success for Puration. The company is maintaining higher revenues even during the current coronavirus crisis. Puration gives priority to improve and develop its flourishing sports water business by adding new flavors. It has substantially expanded its distribution network in South America, Africa, and Europe. Puration expects to introduce organic cannabis beverages that comprise TranquiliTea and THCSavor cannabidiol beverages.

Acquires CBD Confections Company

Puration has taken over CBD Confections Company as part of its strategy to edibles, CBD beverages, and topical businesses. The company also took over the CBD pet product firm in 2020. Puration is targeting cash-starved startups for acquisition this year and signed an LOI to take over CBD infused Sun Care business.

Mobilizes $5 million to support acquisitions

Puration has mobilized $5 million in February 2020 to support its acquisition spree. The company will draw the funds as collateral when necessary for the takeovers with the acquired assets.

Puration also holds a license for the cannabis extraction process in the US. The company has obtained an exclusive license from NCM Biotech for edibles, beverages, and cosmetics. Puration also has access to the medical research being conducted by NCM Biotech.

Guidance for 2020

Puration has issued guidance for 2020, considering revenues mainly from EVERx CBD sports water. The company also includes revenues generated from organic beverages and acquired assets in its 2020 guidance.

A Spinoff of cannabis cultivation arm

To focus on cannabidiol infused products, Puration decided to spinoff cannabis cultivation. Interim CEO of Puration, Brian Shibley, will oversee the spinoff activities of the cannabis cultivation business. The company has recently relocated its cannabis cultivation to the new property. The regulations in Texas are now friendly for hemp farming. As a result, Texas-based universities are focusing on research farming in this segment. Puration also chalked out a plan to unwind NOUV transactions and focus on spinoff simultaneously.

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Marijuana

Puration Inc.’s (OTCMKTS:PURA) CBD Business Acquisition Spree Takes It To A CBD Sun Care Business

Puration Inc. (OTCMKTS:PURA) has announced the signing of a letter of intent for the acquisition of a CBD-infused sun care products producing enterprises. The global sun care products currently valued at $8.5 billion could reach $10 billion in four years.

Puration eyeing acquisition of struggling CBD businesses

At the beginning of this year, the company launched a CBD business acquisition plan, and it seems the campaign is gathering momentum, and Puration had been entertaining new unsolicited investor interest to back the campaign. The campaign focuses on the market for promising and creative businesses starved of cash due to the slowing of the cannabis market in 2019.

The company secured a $5 million investment in February to support its acquisition campaign. So far, the company has closed the acquisition of CBD pet products and CBD confections companies. Recently the company announced that it had entered due diligence arrangement on another three potential acquisitions.

In a recent update on the company’s acquisition campaign, Puration indicated that the $5 million investment it secured was in the form of a credit facility. As a result, the company can only draw funds when necessary to fund the acquisitions. On the other hand, the asset the company will acquire will secure the drawn amount, and repayment will be in the form of shares at $0.10 for each share.

Puration management pursuing more investments to fund acquisitions

The company’s management indicated that there have been several investment funds that have contacted the company seeking to support the campaign. Management is currently pursuing more investments to enhance its position as it seeks more acquisition opportunities.

The company’s main focus company is the acquisition of CBD product businesses that it can enhance through its patented technology. The global CBD market is full of potential, and it is likely to hit $20 billion by 2024. Puration has a US Patented licenses to a cannabis extraction procedure that is backed through extensive medical research. The license was issued by NCM Biotech and is exclusive to CBD derivatives like edibles, cosmetics, and beverages.

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Marijuana

Puration Inc (OTCMKTS:PURA) Maintains Steady Sales Of EVERx CBD Sports Water During Coronavirus Crisis

Puration Inc (OTCMKTS:PURA) is maintaining steady sales of EVERx CBD Sports Water during coronavirus pandemic. The company has built sufficient inventory to maintain sales growth from its production run before the onset of coronavirus lockdown.

Puration is engaged in the distribution of EVERx CBD Sports Water, which comprises a performance-enhancing formula, in the US, Latin America, Africa, and Europe. The company has developed EVERx Sports Water in association with Xtreme Technology. The product also comprises electrolytes, antioxidants, and alkaline pH besides infused CBD. It helps the athletes to improve performance on the field.

Scouts for the takeover of small cannabis infusion companies

Puration is scouting for the takeover of smaller cannabis infusion companies to strengthen its presence in the cannabis space. The company possesses expertise and resources to produce beverages by infusing cannabis. It is planning to expand its capacity, that comprises food infusion.

Acquires Hemp4mula CBD Confections business

Puration has completed the takeover of the Hemp4mula CBD confections business of Kaly. The takeover allows Puration to add CBD infused gum and gummies to its product line. Following the sale, Kaly will focus on cannabis biopharmaceutical business.

Kaly has developed proprietary CBD formulation using its patented cannabis extraction process to treat COPD (Chronic Obstructive Pulmonary Disease) symptoms and other respiratory ailments. The patented CBD extracts of Kaly provides excellent anti-inflammatory responses for vitro. Puration is working on rebranding and introducing CBD confections products.

Launches a campaign to clinch CBD infused beverage

Puration has recently unveiled a campaign to clinch CBD infused beverage, topical, and edible operations. It has also announced the closing of an investment of $5 million to fund the takeover campaign. The structured debt facility of $5 million allows the company to draw funds required to close the acquisition. Secured assets back it. The company will repay the debt in stock at a share price of $0.10. Puration is eyeing to boost its acquisition pipeline.

Puration has recently acquired CBD Infused Pet Products operation. The takeover allows the company to provide concierge pet services online. Also, the market for CBD Pet products expects to reach $1.16 billion by the year 2022 in the US. It provides significant business potential for Puration.

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Marijuana

Puration Inc (OTCMKTS:PURA) Mobilizes Funds Of $5 Million To Support Acquisition Of Cannabis Infused Edibles, Beverages, Topical Operations

Puration Inc (OTCMKTS:PURA) expects to receive a $5 million investment. The company will use the funds to support the takeover of cannabis edibles, beverages, and topical operations. It already divulged plans to clinch the market opportunities by acquiring smaller companies engaged in cannabis infusion operations. According to the analysis by several investment analysts in the cannabis space, consolidation is on the cards wherein larger firms acquire smaller cannabis companies.

Withdraws funds for acquisitions

Puration will withdraw funds when required to support the acquisitions. It will repay the debt in stock at a share price of $0.10. The company secures the debt with acquired assets. It expects to make a takeover offer in the next ten days. 

Demand continues to grow for CBD

Goldman Research surveyed on behalf of Puration to know the demand for CBD in the wake of comments issued by the US FDA. Puration will use the survey results to gauge its approach to the CBD market. The survey measured the consumer’s reaction to the negative comments issued by the US FDA in respect of CBD. According to the survey, the comments of the FDA have little impact on consumer sentiment, and the demand for CBD continues upward.

Brian Shibley, Chief Executive Officer of Puration, said the survey provides the feedback because the company pursues options to expand cannabis-infused beverages production. It will include CBD infused topical and edibles in the production to meet the growing demand. He said the investment comes at a time when the company is moving forward aggressively to expand the production of CBD infused consumer products besides acquisitions.

Formal offer for CBD infused confections operation

Puration expects to make an offer for CBD infused confections operation within ten days. The target company is engaged in the production of CBD infused Gum and CBD infused Gummies. Following the takeover, Puration would merge the CBD confections business into its existing operations. It expects that the demand for CBD infused Gummies would reach $6.9 billion by the year 2025.

Puration is engaged in the production of EVERx sports water to meet the growing demand for the sports nutrition market. The company also distributes EVERx in Africa, the US, Europe, and Latin America.

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Marijuana

Puration Inc. (OTCMKTS:PURA) Finalizes Acquisition To Bring Bottling of CBD Beverage to Europe

Puration Inc. (OTCMKTS:PURA) has announced that it has finalized the acquisition of a Germany company. This will enable Puration to bottle its CBD drinks locally and supply them throughout Europe.

Puration takes EVERx CBD Sports Water to Europe

The acquisition comes at the back of Puration, entering a distribution agreement to supply its EVERx CBD Sports water and other beverages in Europe. The distribution agreement will add approximately $4 million in sales in 2020.according to the management, the European market is huge, and the sales projection needed the establishment of a local bottling capacity.

By 2023 the CBD market in Europe will be around $17 billion. The expansion to Europe is part of the company’s strategy to expand the bottling of beverages outside Latin America and Canada. The company has indicated that it will close the acquisition on November 14.

The company has already started marketing the EVERx CBD Sports Water in Europe. The company launched the beverage at the Arnold Schwarzenegger Sports Festival In Barcelona. The water was introduced first in 2017 at the Arnold Classic in Ohio in 2017. It has grown to be part of the global Arnold Sports Festival events.

EVERx Sports Water is a leading CBD infused beverage that is growing sales rapidly. In the first half of this year, the company generated sales of $1 million from the water, and it is targeting sales of around $4 million by the end of 2019. This will be different from the current anticipated $4 million from the distribution agreement.

Puration Announces LOI for an acquisition in Latin America

Besides the acquisition in German, the company also announced a possible acquisition in Latin America same as that of Germany. The acquisition is designed to enhance foothold for the company to bottle the CBD infused beverages locally in Latin America. The Latin America CBD market is budding, and it is showing signs of massive potential. By 2028 it is estimated that the market will hit $9 billion.

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Marijuana

Puration Inc (OTCMKTS:PURA) Announces The New Distribution Agreement With Beverage Distributors Inc

Puration Inc (OTCMKTS:PURA) has entered a new distribution agreement. The company signs the agreement with the Ohio Corporation Beverage Distributors Inc, which was set up back in 1933. The initial owner of this business was Frank Blazy, who later surrendered it to his son Henry. It has been undertaking successful operations, and that explains why 86 years down the line it still stands. Currently, Beverage Distributors is run by the Conway Family, which says it embraces the latest agreement fully.

The new move will see Beverage Distributors engage in the distribution and sale of a wide range of products from Kona Gold. Some of the products include the HighDrate CBD Energy Waters and Energy Drinks that will be distributed across Ohio. The major markets are looking forward to purchasing the products.

Details about Beverage Distributors

To date, Beverage Distributors still operates as a family-owned business. Its uniqueness lies in the way if it pays a keen focus on delivering customer experiences every day. BDI represents several top-notch products. These include brands such as Heineken USA, Boston Beer Company, Miller Coors, and the Diageo-Guinness USA.

The others are Mike’s Hard Lemonade Company and multiple craft breweries. Reports indicate that BDI is one of the biggest distributors for Miller Brewing Company, which is found in Ohio. This time around, BDI welcomes the business giant Kona to the Family and is quite pleased to make a move.

Company’s progressive moves and future expectations

The V.P. of Sales of Kona Gold Solutions Chris Selinger has also been speaking about the latest move. He supports it a huge deal saying it will help the company increase its revenues by a significant margin.

He opined, “I am delighted to announce Kona Gold will be available across the great state of Ohio by way of our new distributor partnership with Beverage Distributors. Beverage Distributors reach and experienced team will be vital to our success in key markets in Ohio.”

Kona Gold has, in recent times, engaged in several positive developments. The other one was the August move that saw the company collaborate with Imperial Beverage. The business partner has been successfully distributing Kona Gold’s wide range of products in Michigan.

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