PURA Water Purification Technology Available On Amazon Could Be Source Of Additional Dividend
August 21 2020 - 1:45PM
InvestorsHub NewsWire
Dallas, TX -- August 21, 2020 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced a potential deal in the works to sell the
company’s water purification
technology.
Prior to entering into the cannabis
marketplace with the acquisition of patented cannabis extraction
process licenses, PURA worked in the development of proprietary
water purification technologies. In fact, PURA’s legacy
personal water purification product, Filter2Go remains for sale
online to include distribution through Amazon.com (AMZN).
Recently, PURA has been approached by a
party looking to acquire PURA’s legacy water purification
assets. The deal under discussion would involve an exchange
of stock in a public company for PURA’s water purification assets.
PURA management would in turn issue the purchase stock to PURA
shareholders through a dividend distribution similarly to the
dividend distribution underway in conjunction with PURA’s recent
sale of its cannabis cultivation assets to PAO Group, Inc.
(PAOG).
PURA just reported $1.6 million in sales
year to date through Q2 2020. The company reported just shy
of $1.1 million for the same period last year. PURA’s sales
growth YTD compared to the same period last year is 48%.
PURA has scheduled an earnings update to
be published next week on Tuesday, August 25, 2020. In
addition to reviewing the company’s year to date (YTD) performance
after publishing its Q2 2020 financial report, the update will
include new information on the company’s ongoing acquisition
campaign to expand its CBD infused consumer product reach. The
update will also include the latest on the issuance of a dividend
distribution to PURA shareholders resulting from the recent
declaration of a stock dividend in conjunction with the sale of
PURA’s cannabis cultivation operation to PAOG. The update will also
include information on the potential water purification asset
sale.
For more
information on Puration, visit https://www.purationinc.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.
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800)
861-1350
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