PURA New CBD Consumer Product Brand Following 4 Recent Acquisitions To Be Unveiled Next Week
August 27 2020 - 9:17AM
InvestorsHub NewsWire
Dallas, TX -- August 27, 2020 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today confirmed the company will reveal the new brand
name behind its horizontal CBD consumer product expansion into a
$500 billion new market opportunity next week on Tuesday, September
1, 2020. The reveal will include highlights on the company’s
overall expansion plans.
The company’s expansion plan is built on a
solid base CBD beverage business. The company recently
reported $1.6 million in revenue with $471,000 in gross profit
primarily from sales of its EVERx CBD Sports Water. Sales YTD
grew 48% compared to the same period last
year.
In January of
this year, PURA initiated an acquisition campaign to introduce a
solution to the cannabis sector-wide challenge with access to
capital by leveraging its own core competencies to acquire CBD
infused beverage, edible and topical
businesses.
PURA targets
CBD product acquisitions that can be enhanced with PURA's patented
technology. PURA owns a license to a U.S. Patented cannabis
extraction process backed by extensive university medical research.
The license, issued by NCM Biotech, is exclusive for beverages,
edibles and cosmetics among other uses. NCM Biotech is focused on
medical research and Puration has access to that research. See a
recent research report on CBD extracts derived from NCM Biotech's
patented extraction process: Journal
of Cannabis
Research.
Since
launching the acquisition campaign in January, the company has
acquired a CBD confections business, a CBD pet products business
and CBD sun care business. Combined with its existing
beverage industry product line, PURA's combined horizontal market
opportunity ranges across over $2 trillion in market
value:
Sexual
wellness
$39
Billion Projected Market Value
Confections
$232
Billion Projected Market Value
Pet
Products $202
Billion Projected Market Value
Sun
Care $12.6
Billion Projected Market
Value
Non-Alcoholic
Beverage $1.6
Trillion Projected Market Value
In conjunction
with the acquisition campaign, PURA secured a $5
million investment to fund its acquisition efforts. PURA
concentrates on making acquisitions in exchange for royalty
agreements and a commitment for PURA to fund a marketing expansion
of the product line.
PURA is
developing a single brand name identity and unified marketing
strategy that can cross all five industries listed above in
addition to any new industries PURA may enter with future
acquisitions.
For more
information on Puration, visit http://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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