PURA - Puration To Introduce Cannabis Infused Beverages Into Legal $8 Billion Canadian Marijuana Market
November 15 2017 - 9:35AM
InvestorsHub NewsWire
Dallas, Texas -- November
15, 2017-- InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced the company plans to have a cannabis
infused beverage ready to launch in Canada in conjunction with the
nationwide legalization of
recreational marijuana expected in Canada in July of
2018. Deloitte estimates the market for legal marijuana in Canada could
reach $8 billion. The Canadian Spirits market is $5
billion.
“I originally became a Puration shareholder when I purchased the
Puration distribution rights for Canada,” said Brian Shibley, CEO
of Puration. “I am a Canadian citizen and with my experience and
contacts in Canada, I became interested some time ago in
distributing Puration products in Canada. One thing has led
to another and Puration has evolved. My interest in Puration
has since grown, and so I have become the CEO. With the
pending nationwide legalization of recreational marijuana in
Canada, combined with Puration’s experience in cannabis extractions
and making cannabis infused beverages, I am even more enthusiastic
today about distributing Puration products in Canada then when I
originally came to the company. I think Puration’s success
with EVERx CBD Infused Water is laudable, but I think the
opportunity to introduce a THC infused beverage in Canada is a much
bigger opportunity than EVERx.”
Puration has licensed a patented process for extracting
cannabinoids from the cannabis plant. Today the company
produces and markets a CBD Infused Sports Water. Puration
introduced EVERx CBD Infused Sports Water earlier this year in
March at Arnold Schwarzenegger’s
Annual Arnold
Sports Festival (formerly the Arnold Classic)
in Columbus, Ohio. The Arnold is host to more athletes than
the Olympics with over 70 sporting events and over 18,000
athletes. EVERx CBD Infused Sports Water was featured in
September at Joe Weider's Olympia Fitness and
Performance Expo In Las Vegas. EVERx CBD Infused Sports Water
is also now on shelves at Drug Emporium. The
company recently announced adding Strawberry Kiwi and Lemon Lime
flavors to its EVERx CBD Infused Sports Water. EVERx has become a
leading brand name in the CBD infused marketplace and one of the
only CBD infused products in the sports nutrition
marketplace.
Puration is one of two cannabis sector companies currently
controlled by ACI Conglomerated. In a related development,
Puration’s sister company, North American Cannabis Holdings, Inc.
(USOTC:
USMJ) is in negotiations to acquire a Canadian
dispensary. In the event North American Cannabis Holdings,
Inc. succeeds, Puration’s opportunity to manufacture and distribute
cannabis infused beverages in Canada will be enhanced with the
licensing and raw material assets that come with the North American
Cannabis Holdings target acquisition.
Learn More About Puration and North American Cannabis Holdings at:
www.aciconglomerated.com
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the
meaning of the Securities Litigation Reform Act. The statements
reflect the Company's current views with respect to future events
that involve risks and uncertainties. Among others, these risks
include the expectation that any of the companies mentioned herein
will achieve significant sales, the failure to meet schedule or
performance requirements of the companies' contracts, the
companies' liquidity position, the companies' ability to obtain new
contracts, the emergence of competitors with greater financial
resources and the impact of competitive pricing. In the light of
these uncertainties, the forward-looking events referred to in this
release might not occur. These statements have not been evaluated
by the Food and Drug Administration. These products are not
intended to diagnose, treat, cure, or prevent any disease.
PURA contact info:
Brian Shibley
info@aciconglomerated.com
1 800 861 1350
https://www.aciconglomerated.com/contact/
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