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Marijuana

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 (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) 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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Marijuana

Puration Inc (OTCMKTS:PURA) Projects Its 2019 CBD Beverage Sales Target

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.

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Marijuana

Puration Inc (OTCMKTS:PURA) Wins Major Order For EVERx CBD Sports Water In Europe In Response To Arnold Sports Festival Held in Barcelona Last Week

Puration Inc (OTCMKTS:PURA) has confirmed that it will receive the first large order for EVERx CBD Sports Water in Europe. The company expects to receive this order later this week from a distributor, who generates Euro 4 billion annual sales by supplying to the grocery chain. It is in response to the marketing campaign that started last week at the Arnold Sports Festival in Barcelona.

Expects quarterly sales of $1 million

Puration expects to generate quarterly sales of $1 million next year through its recent accord with a large distributor in Europe. It is on track to meet the analyst’s estimate of $8 million sales next year. The company would ensure the first shipment next month to the distributor in Europe. Puration expects to ship the innovative TranquiliTeaCBD beverage to the European Distributor before the end of next year. The company has launched TranquiliTeaCBD beverage on September 25, 2019.

Goldman small cap research puts a target of $0.35

According to a communicative from Puration on September 25, 2019, Goldman Small Cap Research report has put a buy rating for a target of $0.35 PPS. The research report covers the CBD Beverage business of Puration and the CBD industry.

The CBD infused sports nutrition of Puration has generated sales of more than $1 million in 2018. It has reported sales of more than $1 million in the first half of 2019. The company expects to achieve sales of $4 million by the end of 2019.

Exchanges 120 million preferred shares

Puration has received $1.2 million convertible note from Nouveau Inc after spinning off the cannabis cultivation business to the latter in October 2018. The company has exchanged the convertible notes in July 2019 into common stock of Nouveau. Now, Puration and Nouveau are working to pass on the dividend of the preferential shares to Puration shareholders.

The spin-off to Nouveau included a farming operation that comprises twenty-five operating greenhouses. It also consists of an additional 400 greenhouses ready for operation. The twenty-five greenhouses are engaged in nursery operations because marijuana and hemp cultivation are not legitimate at that time. Following the legalization, the Texas-based operations are adopting hemp cultivation. Nouveau expects to generate revenue of $10 million in 2020.

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