PURA - Puration Speculative Buy Confirmed With $0.25 Target PPS And $0.35 PPS Potential Upside In Updated Analyst Report
February 28 2019 - 8:20AM
InvestorsHub NewsWire
February 28,
2019 -- InvestorsHub NewsWire -- via GoldmanResearch.com --
Puration, Inc. (USOTC:
PURA) today announced that Goldman Small Cap Research issued a
research update on the Company. The report includes a
'speculative-buy' rating with a target price-per-share
of $0.25, with noted potential upside to the $0.35
mark. The update reviews recent events and provides an
analysis of Puration’s recent new initiatives. To view the update
report, along with disclosures and disclaimers, visit http://www.GoldmanResearch.com.
Puration
Goldman Small Cap Research Update
Highlights
Puration, Inc.
is a leading Texas-based, CBD-infused beverage provider. The
Company’s flagship product, EVERx, which was introduced in 2017,
targets the sports nutrition market. Puration plans to introduce
new beverages as well as grow it product portfolio organically as
well as through targeted acquisitions. As of October 2018, the
Company was set to spin off its cannabis cultivation segment to
focus its efforts exclusively on its high-growth core CBD-infused
beverage business.
According to
a report by the Brightfield Group, the hemp-derived CBD
market is forecast to reach $22 billion in 2022. Given that the
market remains fragmented, fast-growing PURA is well positioned to
capture market share very quickly.
In the
Opportunity Research update, analyst Rob Goldman discusses the
Company’s strong initiatives, and exciting upcoming opportunities
that lie ahead.
Goldman noted,
“In a business segment that features pretenders and also-rans, PURA
is already a clear winner and emerging leader. Since our November
2018 update, PURA has signed a major contract, introduced new
formulations/packaging, added global distribution and is enjoying
substantial repeat orders. As a result, our FY19 $3M in revenue
estimate could be low. Given the M&A, investment and business
exploration activity by major consumer products companies, we
expect PURA to return to its 52-week high of $0.25 with potential
upside to the $0.35 mark and be considered an M&A
candidate.”
“PURA has bagged
a $1.5M custom CBD extracts order with Generex Biotechnology, gone
global with a new European distributor and is a major sponsor of
key events such as the 2019 The Arnold Sports Festival, which will
be attended by 200,000 visitors watching 22,000 athletes
compete.”
“There is
substantial interest in hemp-derived CBD-infused products, as
evidenced by the flurry of M&A, investment activity and talk by
major beverage companies such as Constellation, Brands, Diageo,
Tilray, Coca-Cola, Starbucks, etc. Once critical mass of
sales is achieved, given its broad popularity, PURA could emerge as
an M&A target,” concluded Goldman.
About
Goldman Small Cap Research: Founded in 2009 by former
Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman
Small Cap Research produces sponsored and non-sponsored small cap
and microcap stock research reports, articles, stock market blogs,
and popular investment newsletters.
Goldman Small
Cap Research is not in any way affiliated with Goldman Sachs &
Co.
This press
release contains excerpts of our most recently published sponsored
company research report on Puration, Inc. which carries a rating
and a price target. The information used and statements of
fact made have been obtained from sources considered reliable but
we neither guarantee nor represent the completeness or accuracy.
Goldman Small Cap Research relied solely
upon information derived from Puration, Inc. (“the Company”)
authorized press releases or legal disclosures made in its filings
with the U.S. Securities and Exchange Commission http://www.sec.gov.
Separate from the factual content of our report about
the Company, we may from time to time include our own opinions
about the Company, its business, markets and opportunities. Any
opinions we may offer about the Company are solely our own, and are
made in reliance upon our rights under the First Amendment to the
U.S. Constitution, and are provided solely for the general
opinionated discussion of our readers. Our opinions should not be
considered to be complete, precise, accurate, or current investment
advice. Statements herein may contain forward-looking statements
and are subject to significant risks and uncertainties affecting
results.
A Goldman Small
Cap Research report, update, newsletter, article, trading alert,
corporate profile, or press release is not intended as an offering,
recommendation, or a solicitation of an offer to buy or sell the
securities mentioned or discussed is to
be used for informational purposes only. Please read
all associated full disclosures, disclaimers, and analyst
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Cap Research nor its parent is a registered investment adviser or
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download this research report or any of our research, view our
disclosures and disclaimers, or for more information, visit
www.goldmanresearch.com. Since 2018, Goldman Small Cap
Research has been compensated $7000 by the Company for research and
distribution services. GSCR was not compensated for the production
and distribution of this update.
About
Puration, Inc. (OTC
- PURA) Puration, Inc. is a leading Texas-based,
CBD-infused beverage provider. The Company’s flagship product,
EVERx, which was introduced in 2017, targets the sports nutrition
market. Puration plans to introduce new beverages as well as grow
it product portfolio organically as well as through targeted
acquisitions. As of October 2018, the Company was set to spin off
its cannabis cultivation segment to focus its efforts exclusively
on its high-growth core CBD-infused beverage
business.
For more
information, please visit: www.PurationInc.com
Goldman Small
Cap Research
Rob Goldman,
Analyst
410-609-7100
rob@goldmanresearch.com
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