Puration 2019 Growth Acceleration Anticipated After 400% Revenue Increase Reported Q3 Toward $1 Million In 2018 Annual Revenue
November 14 2018 - 9:30AM
InvestorsHub NewsWire
Puration 2019 Growth Acceleration
Anticipated After 400% Revenue Increase Reported Q3 Toward $1
Million In 2018 Annual Revenue
Dallas, TX -- November 14, 2018
-- InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) (“PURA”) today published an online presentation to offer
additional detail on the company’s third quarter financial report
for the period ending September 30, 2018 and how the performance
sets the company up to experience even more accelerated growth from
here. The third quarter financial statement filed yesterday
reported revenue for the nine months ending September 30, 2018 at
$868,300 representing an increase of over 400% since the company
reported $168,000 for the same period last year. The company
also realzed a 50% profit margin reporting a $448,800 bottom line
for the nine months ending September 30, 2018. Notably, the
company issued no new shares between the second quarter 2018 report
and the third quarter 2018 report. The online presentation is
available on the company’s website. The narrative from the
online presentation is included in its entirety
below.
Cannabis Beverage Traction +
New Cannabis Beverage Products = Accelerated
Growth
Puration’s foray into the cannabis
sector started with a patented cannabis extraction process.
The company initially intended to become the leading source of
quality extract available on the market place. As great as
our extraction process was, we just didn’t find a much market at
that time for differentiated extract. So, we decided to
parlay our extract expertise into the production of our own product
and the result was EVERx CBD Infused Sports Water. We
introduced EVERx for the first time early last year (2017) at
Arnold Schwarzenegger’s Sports Festival and earned a toe hold for
EVERx into the sports nutrition sector. We realized some
initial sales through both physical and online retail
outlets. We received some invaluable customer feedback and
learned some lessons on beverage distribution the hard way.
We took our lumps along with our success and continued to evolve
our product and our marketing strategy. This year, in 2018,
our hands-on product development and sales and marketing experience
has established meaningful traction for EVERx, and our sales rate
compared to last year has grown leaps and bounds. We expect
even greater sales traction from here forward.
Success Breeds
Success
Our sales growth and market presence
are seeding even more market attention. Puration is being
contacted by new distributors as well as being contacted by
retailers directly. Puration has been courted by established
beverage industry manufacturers. Our experience in the
courtship has taught us that $1 million in annual revenue is a
minimum benchmark where established players begin to take more
interest in new beverage products. With the most recent
quarterly reported showing the company is well within reach of the
$1 million in annual revenue benchmark, we look forward to what
interest may come our way in 2019 and how such interest may
accelerate growth. Independent of the interest shown in EVERx
by any brand name beverage industry players, Puration shareholders
can look forward to new distribution announcements coming soon to
include anticipated distribution outside of the United
States.
New Products – THC Savor and
Telluride Happy Water
Puration has recently announced two
new cannabis sector beverages, THCSavor and Telluride Happy
Water. THC Savor is being developed internally for launch in
regions where recreational marijuana has been legalized.
Telluride Happy Water was recently acquired, and the first
production run of Telluride Happy Water is already in
production. Telluride Happy Water has no legal restrictions
on where the product can be sold. With Puration’s hard earned
experience gained through launching and growing EVERX, Telluride
Happy Water distribution and the corresponding revenue is
anticipated by management to go much faster.
In summary, the current market
awareness enjoyed by EVERx and the corresponding EVERx sales growth
expected in reaction to that current market awareness, combined
with Puration’s experience and the sales to be added from two new
cannabis sector beverage products, are altogether forecasted to
drive even more growth for Puration in 2019 then enjoyed in
2018. And that’s all before the additional growth
contribution anticipated from the recently announced joint venture
Puration has entered into with Kaly, Inc. (KALY),
and Nouveau Live Pharmaceuticals (NOUV),
to develop cannabis pharmaceuticals. Shareholders can look
for more info on the US Cannabis Health joint venture company when
the JV CEO is announced next week.
And Don’t Forget The Stock
Dividend – Formal Declaration Anticipated
Tomorrow
To
concentrate all efforts on expanding its cannabis sector beverage
business, Puration recently spun off its cannabis cultivation
business by selling the business to Nouveau Life Pharmaceuticals
(NOUV).
The two companies are working together to restructure NOUV to grow
the cannabis cultivation business. In conjunction with the
terms of the spinoff transaction and the aforementioned NOUV
restructuring, NOUV plans to convert the $1.2 million note issued
to PURA into a sufficient number of shares whereby 1 NOUV share
will be distributed in a stock dividend for every five shares of
Puration stock. In other words, the stock dividend plans
calls for Puration shareholders to receive one share of NOUV common
stock for every five shares of Puration stock that they own.
A formal declaration of the dividend is anticpated
tomorrow.
Learn
more about Puration at https://www.purationinc.com/
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. These forward
looking statements relate to, amongst other things, current
expectation of the business environment in which the company
operates, potential future performance, projections of future
performance and the perceived opportunities in the market. The
company's actual performance, results and achievements may differ
materially from the expressed or implied in such forward-looking
statements as a result of a wide range of
factors.
Puration,
Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350
Kali (CE) (USOTC:KALY)
Historical Stock Chart
From Apr 2024 to May 2024
Kali (CE) (USOTC:KALY)
Historical Stock Chart
From May 2023 to May 2024