PURA and KALY Announce Landing First Kenyan Coffee Shipment Adding To $8 Million 2020 Beverage Revenue Target
December 03 2019 - 9:00AM
InvestorsHub NewsWire
PURA and KALY Announce Landing
First Kenyan Coffee Shipment Adding To $8 Million 2020 Beverage
Revenue Target
Dallas, TX -- December 3, 2019 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced the company has landed its first Kenyan
coffee shipment. The company recently announced it will begin
producing CBD infused Fair Trade coffee from Kenya. Now that
the first shipment from Kenya has arrived, the company can begin
formulating the CBD infusion. PURA has engaged Kali-Extracts,
Inc. (USOTC:
KALY) to design the CBD infusion for ground coffee. KALY
has a U.S. Patented Cannabis Extraction Process. PURA has the
sole license of the patent for beverage
infusion.
PURA currently makes and
sells EVERx CBD
Sports Water, the leading CBD sports drink in the
sports nutrition market. PURA has recently confirmed a $4
million 2020 revenue target following the publication of its Q3
financial report. The company has also confirmed an $8
million 2020 revenue target built on the growing sales of EVERx and
the introduction of new cannabis infused
beverages.
A few months ago, PURA launched an
initiative to partner with other beverage companies and introduce
CBD Infused beer, coffee and tea beverages. PURA recently
introduced TranquiliTeaCBD
as its first new beverage from
the beer, coffee and tea initiative. TranquiliTea is expected
to be on shelves before the end of the
year.
As part of PURA’s new beverage initiative,
PURA engaged Goldman Small Cap Research to conduct a CBD beverage
industry survey (see link below). Goldman has published the
final survey results of the survey.
CBD Beverage Survey
Highlights
“Key
Numbers: When asked in order of preference what
CBD-infused beverage they would buy, 77 or 31% said tea and 74 or
30% said water. As a provider of water and tea, PURA leadership
certainly is providing consumers the most popular categories of
CBD-infused beverages which bodes very well for future sales and
market share growth.“
“The Trend is
PURA’s Friend: While CBD oils remain the most popular
source of CBD products, the data and responses indicate that oils,
vapes, and tinctures usage may be swapped on an ever-increasing
scale, for edibles and beverages. We expect that they will
eventually overtake these product categories which will be a boon
to PURA.”
To see the full final CBD Beverage
industry survey results, follow the link
below:
CBD Beverage
Industry Results
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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