PURA - Puration Growing Distribution Bolsters Analyst $8 Million 2020 Revenue Projection
October 17 2019 - 9:29AM
InvestorsHub NewsWire
PURA – Puration Growing
Distribution Bolsters Analyst $8 Million 2020 Revenue
Projection
Dallas, TX -- October 17, 2019 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced that is growing number of new
distribution agreements supports the recent analyst projection for the company to
reach $8 million in revenue in 2020. PURA recently announced
a new European distribution agreement anticipated to generate $4
million next year with a first shipment scheduled later this
month. Subsequently, PURA announced a new distribution
agreement in Latin America. PURA has also announced recent
activity that indicates an anticipated increase in sales from
Canada resulting from Cannabis 2.0. PURA realized $1 million
in revenue last year in 2018 and then reported another $1 million
in revenue in just the first six months of 2019. PURA
management has set a $4 million revenue target for year end
2019. Today, management is highlighting the most recent new
distribution agreement in Latin America and sharing more details on
its potential contribution to PURA’s overall
revenue.
The Latin American CBD market is estimated
to reach $2 billion by 2026. Goldman Small Cap
Research recently reported that the Latin America CBD market is a
“burgeoning untapped opportunity.” PURA management is
optimistic that the new distribution agreement could add
substantial revenue in 2020 and also add revenue in the fourth
quarter of 2019.
PURA recently targeted $4 million in
anticipated revenue in 2020 from its new European distribution
agreement. That target is derived from nearly six months of
experience test marketing EVERx CBD Sports Water sales with the new
distributor. The Latin America distribution agreement
is brand new and does not yet have test marketing feedback.
PURA management believes it is prudent to wait on initial sales
results from the new agreement prior to setting too robust a target
for Latin American sales contributions. Based on the network
of the distributor, PURA management believes a $1 million sales
contribution from Latin America is conservatively achievable.
After the first 90 days following the first shipment, management
will update the Latin American 2020 sales
target.
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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