PURA - Puration $0.35 Target Price Recommendation Confirmed By CBD Beverage Industry Survey Final Results
October 10 2019 - 1:35PM
InvestorsHub NewsWire
PURA – Puration $0.35 Target Price
Recommendation Confirmed By CBD Beverage Industry Survey Final
Results
Dallas, TX -- October 10, 2019 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced the publication of the final results from
the Goldman Small Cap Research CBD beverage industry survey (see
link below) conducted in conjunction with the PURA’s initiative to
launch new CBD Infused beer, coffee and tea beverages.
Goldman summarizes the results with a confirmation of the $0.35
Price target for the shares of PURA and a Speculative Buy
recommendation issued on September 25, 2019 (see link below to Sep
25 Analyst Report).
“Great Entry Point for Emerging
Leader. With the stock basing at current levels,
even a modest series of news and milestone events should drive the
stock toward our price target. Moreover, with strong
seasonality in the current quarter, and new markets just opened,
PURA has the wind at its back.”
“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.”
“Conclusion:
While the interim CBD user
survey results were favorable for PURA, the final results were
overwhelmingly positive for the Company’s future. There are a
number of surprising results from this survey, which had a final
identifiable respondent tally of 246 participants, as compared with
our 85 identifiable responses when we issued interim results. The
bottom line is that these results affirm to us that PURA is
well-positioned to lead the CBD-infused beverage market and we
reiterate our $0.35 price target.”
Tomorrow, On Friday, October 11, 2019,
PURA will publish an update on the launch of TranquiliTeaCBD
and a new coffee infused with
CBD in addition to including a progress update on the company’s
progress toward its 2019 $4 million sales
milestone.
PURA has reported over $1 million in CBD
beverage sales in the first six months of 2019 after reporting
approximately $1 million in sales for all of 2018. On top of
its ongoing sales, PURA has signed a new European
distribution agreement anticipated to generate $4 million
annually with a first shipment scheduled later this
month.
To see the full final CBD Beverage
industry survey results, follow the link
below:
CBD Beverage
Industry Results – October 10,
2019
To see the
original full Analyst Report, follow the link
below:
PURAITON, Inc.
Research Analyst Report – September 25,
2019
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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