PURA - Puration Raises 2020 Revenue Target From $8 Million
December 17 2019 - 9:12AM
InvestorsHub NewsWire
Dallas, TX -- December 17, 2019 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC: PURA) today
announced increasing its 2020 revenue target. PURA has
recently reconfirmed its $4 million revenue target for 2019.
The original 2020 revenue target was $8 million. The two
targets have been based primarily on the company’s current
production and ongoing sales expansion of its EVERx
CBD Sports Water. EVERx was introduced for the first time
nearly three years ago at Arnold
Schwarzenegger’s Arnold Sports Festival. EVERx has since
expanded its Arnold Sports Festival marketing globally
participating at Arnold events not just in the United States, but
in Africa and Europe as well. EVERx has become the leading
CBD infused beverage in the sports nutrition market sector.
EVERx now has distribution in Europe, Latin America and Africa in
addition to within the United States. The 2020 $8 million
revenue target was based on the projection of ongoing EVERx growth
and the introduction of new beverages designed by
PURA.
PURA is now raising its 2020 revenue
target based on a recent business model expansion. With EVERx
distribution expanding into Europe, Latin American and Africa, in
addition to the prospects for EVERx distribution in Canada, PURA
has in the last several months expanded its production capacity
through acquisition and partnership. PURA has recently
announced acquisitions in Europe and Latin America and partnerships
in Canada and Africa. The acquisitions and partnerships
combined with PURA’s beverage formulation and production experience
provide PURA with more potential than just improving and expanding
upon the production of its in-house beverages. The CBD
beverage market is one of the fastest growing beverage sectors
anticipated to reach $1.4 billion by 2023. By entering into
the white label beverage production sector, PURA can leverage its
cannabis infused beverage formulation and production experience and
its expanding bottling capacity to potentially seize a much larger
portion of the overall global cannabis beverage sector. It’s
premature at this point to project a specific 2020 revenue target,
but it is surely a much larger number than the $8 million target
based on internal beverage sales growth. With its expanded
production capacity now in place, PURA has already started the
effort to secure its first white label contracts. Management
expects that within 90 days and being able to model the potential
of the first white label contracts, PURA will release a more
specific 2020 revenue 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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