PURA CBD Consumer Product Brand Takes Holistic Lifestyle Approach
August 28 2020 - 1:45PM
InvestorsHub NewsWire
Dallas, TX -- August 28, 2020 -- InvestorsHub NewsWire
-- Alternet Systems, Inc. (OTC
Pink: ALYI) today confirmed the company's funding partner,
RevoltTOKEN (www.revolttoken.com) will
present a comprehensive update next Wednesday, September 2, 2020 on
the $100 million transaction intended to fund ALYI's electric
mobility business. RevoltTOKEN has just secured the last key
component necessary to proceed with the funding transaction.
In addition to featuring the key component now in place, the
presentation will include an overall update on progress toward the
launch of the RevoltTOKEN initial cryptocurrency offering (ICO).
Based on both individual investor and institutional investor
response, the presentation will specifically include an overview on
how the $100 million funding target could well be exceeded.
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 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
Puration (CE) (USOTC:PURA)
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