PURA Points To One High Margin Partnership Revenue Stream To Demonstrate Overall Partnership Revenue Potential
February 17 2022 - 3:05PM
InvestorsHub NewsWire
Dallas, TX --
February 17, 2022 -- InvestorsHub NewsWire -- Puration, Inc.
(USOTC:
PURA) highlighted the relaunch of the EVERx CBD Sports
Nutrition Beverage announced earlier today to illustrate one
example of how PURA has built its new Farmersville Hemp brand
business strategy to generate high margin partnership revenue
streams.
PURA highlighted the EVERx example today
in advance of the company publishing a report next week on the
company’s progress to date on the execution of its 2022 strategic
plan. The update will be published on Tuesday, February
22nd. In the update, PURA management will further
detail its partnership revenue strategy to include details on
additional high margin partnership revenue stream opportunities
beyond EVERx.
PURA anticipates generating at least $1
million in revenue in 2022 with the potential to reach $10 million
in revenue. The $10 million revenue opportunity outlook is
improving based on the recent progress of PURA’s co-op
partners.
Earlier
today, North American
Cannabis Holdings, Inc. (USOTC:
USMJ) announced the official relaunch of the EVERx CBD Sports
Nutrition Beverage. USMJ acquired EVERx from PURA last
year. PURA and USMJ are sister company’s with the same
majority shareholder. PURA sold EVERx to USMJ in exchange for
a perpetual royalty agreement. In other words, USMJ sales of
EVERX will result in high margin revenue to PURA from
royalties.
After
developing EVERx as part of an overall cannabis infused consumable
business development and exploration initiative, PURA subsequently
retooled its business to focus on the overall potential of the
industrial hemp market. PURA sold EVERx to USMJ in
exchange for a perpetual royalty agreement as part of its retooling
strategy.
PURA
established EVERx as the leading CBD beverage in the sports
nutrition market with millions in annual sales. USMJ’s
ecommerce site, www.USMJ.com, served as one distribution channel for
EVERx.
USMJ is now
relaunching the product with an updated formula and look. The new
formula and look are designed to expand the appeal of EVERx beyond
the sports nutrition market. Alkame Holdings, Inc. (USOTC:
ALKM) remains as the bottler for
EVERx.
To learn more
about the new formula and to see the new packaging visit:
www.DRINKEVERx.com
USMJ plans to
make a major trade show announcement before the end of the month in
conjunction with the relaunch of EVERx. USMJ will reintroduce
the EVERx CBD Sports Nutrition Beverage live at an upcoming major
trade show.
The relaunch
of EVERx is the beginning of an overall USMJ cannabis ecommerce
expansion campaign. Following the relaunch of EVERx, USMJ has
plans to launch multiple new products, both inhouse products and
third-party products, in an overall effort to expand USMJ ecommerce
sales.
In September
of last year, ACI Conglomerated, the controlling shareholder of
USMJ and the controlling shareholder of Puration, Inc. (USOTC:
PURA) and Priority Aviation, Inc. (USOTC:
PJET), announced its plans to refocus and diversify its overall
strategy with the three
companies.
PJET
diversified outside the cannabis industry entering the student life
market.
PURA refocused
its business on industrial
hemp.
USMJ, after
exiting the cannabis retail restaurant market, is now focused on
expanding its cannabis ecommerce
footprint.
For more
information on Puration, visit http://www.purationinc.com
Disclaimer:
This News
Release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause our
actual results, performance or achievements, or industry results,
to differ materially from any these statements. You are cautioned
not to place undue reliance on any those forward-looking
statements. Except as otherwise required by the federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements after the date of this news release.
None of such forward-looking statements should be regarded as a
representation by us or any other person that the objectives and
plans set forth in this News Release will be achieved or be
executed.
For More Information
Contact:
Puration,
Inc.
Brian Shibley,
info@aciconglomerated.com
(800)
861-1350
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