PURA Doubles First EVERx CBD Infused Water Production Run In Reaction To Increased Interest From Distributors
November 15 2016 - 7:30AM
InvestorsHub NewsWire
Puration Doubles First EVERx CBD Infused Water
Production Run In Reaction To Increased Interest From Distributors
After 8 More States Legalize Marijuana
Dallas, TX – November 15, 2016 - InvestorsHub Newswire
- Puration, Inc. (PURA) recently contracted with Alkame Holdings,
Inc. (ALKM)
to produce a variety of flavored EVERx CBD infused functional
waters for the health conscious bottled water consumer market.
The CBD is extracted through Puration's proprietary
process and combined with Alkame's patented water treatment
technologies designed to enhance the absorption of CBD into the
body in addition to providing additional independent health and
wellness benefits.
Puration originally announced targeting an initial $1 million in
2017 sales of EVERx CBD infused water. In light of the
magnitude of the bottled water market, management indicated that
first quarter performance would be reviewed and accordingly, the
first year target might be increased at that time.
Bottled Water Market Magnitude and
Growth
Transparency Market Research
estimates that the global bottled water market will exhibit a
6.6% CAGR over the period between 2016 and 2024. The market is
expected to expand in terms of overall value from US$169.9 bn in
2015 to US$307.2 bn by 2024.
8 of 9 State Marijuana Legalization Initiatives Passed Last
Week
A New York
Times article includes an estimate that
the overall legal marijuana market in North America may grow from
the $7 billion it is today to $22 billion in the next four years as
a result of last week’s legalization votes.
Puration Doubles Initial EVERx Run In Reaction To Increased
Distributor Interest
Between the overall growing bottled water market and the marijuana
legalization results from last week, the distributor network
Puration has engaged is showing an increased interest in the EVERx
CBD Infused Bottle Water. In reaction to the increased
interest, Puration has decided to double the initial production
run. Management is optimistic that the initial $1 million
2017 sales target will be revised upward by the end of the first
quarter of 2017.
To learn more about Puration:
purationinc.com
Follow Puration on
Twitter:
Puration710
Visit Puration on
Facebook:
Facebook.com/puration/
Safe Harbor Act: This release includes forward-looking statements
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 that involves risks and
uncertainties including, but not limited to, the impact of
competitive products, the ability to meet customer demand, the
ability to manage growth, acquisitions of technology, equipment, or
human resources, the effect of economic business conditions and the
ability to attract and retain skilled personnel. The Company is not
obligated to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the
date of this release.
Puration Contact:
Brian Shibley, CEO
info@purationinc.com
+1-214-937-9097
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