PURA - Puration Signs New CBD Beverage Distribution Orders With Even Bigger Orders Underway Fueling M&A Interest
March 07 2019 - 9:18AM
InvestorsHub NewsWire
PURA - Puration Signs New CBD
Beverage Distribution Orders With Even Bigger Orders Underway
Fueling M&A Interest
Dallas, TX -- March 7, 2019 -- InvestorsHub
NewsWire -- Puration, Inc. (USOTC:
PURA) today published a presentation, to review new orders,
opportunities and partnerships stemming from the EVERx CBD Sports
Water event this past weekend at the Arnold Sports Festival. EVERx CBD Sports Water
debuted it’s all new formula and packaging at the world-renowned
Arnold Sports Festival this week in Columbus, Ohio where EVERx
launched for the first time ever in 2017. PURA comes away
from the Arnold with signed new orders supporting the company’s
2019 $5 million revenue goal. As a result of the Arnold
event, PURA also now enjoys the potential for new orders from
notable and substantial distributors, new partnerships that will
accelerate PURA’s global reach, and new opportunities specifically
in the form of heightened merger and acquisition (M&A)
interest. PURA sent five times the amount of EVERx to the
Arnold than ever before supplied in the previous two years at the
Arnold and still ran out of EVERx before the end of the
event. Management attributes the new sales, marketing
partnership and M&A opportunities to the increased interest in
cannabis products, particularly CBD, since 1. the legalization of
recreational marijuana in Canada and 2. the legalization of hemp
farming in the United States under the 2018 Farm
Act.
EVERx Sales
Growth
EVERx is the leading CBD beverage in the sports
nutrition market place. It’s presence at the Arnold has grown
over the last three years to monumental proportions this
year. There is no better place for EVERx to be exposed to
distributors in the sports nutrition market place. The
largest distributors in the industry are sponsors at the
Arnold. EVERx won the interest of gym chains, sports
nutrition distributors and mega food and beverage distributors with
a sports nutrition segment. PURA came away from the Arnold with
signed new orders and two mega distributors beginning due diligence
on PURA’s EVERx beverage. Management plans to make
independent announcements in the coming days and weeks about each
new sales contract in addition to elaborating on the due diligence
progress with the two mega distributors.
PURA recently announced that the company has
partnered with North American Cannabis Holdings, Inc.(USOTC:
USMJ) (“USMJ”) to add a B2B eCommerce function onto USMJ’s
recently launched consumer eCommerce site at www.USMJ.com. The B2B eCommerce function will
launch first to provide buyers with the ability to make wholesale
purchases of PURA’s EVERx CBD Sports Water. PURA has licensed
a major customer relationship management (CRM) software solution to
build a cannabis industry big data capacity into USMJ’s eCommerce
site. The CRM empowered cannabis wholesale buyer and retail
consumer big data analytics capacity is designed to position
USMJ.com as the preeminent cannabis industry online
marketplace. The B2B eCommerce site is currently being pilot
tested and expected to go live imminently. The B2B launch
announcement will include details on the CRM solution and big data
capacity.
EVERx Marketing and Brand
Building
The
Arnold Sports Festival is the leading venue for sports nutrition
products around the world. In addition to the annual event in
Columbus, Ohio, the Arnold Sports Festival has annual events in
Australia, South America, Africa and Europe. In addition to
continuing to expand the EVERx brand through the annual Arnold
Sports Festival in the United States, PURA will here forward be a
part of the Arnold Sports Festival globally. Look for an
upcoming announcement about EVERx at its next Arnold Sports
Festival event.
PURA Product
Development
PURA has licensed a patented cannabis extraction
process from Kali-Extracts (USOTC:
KALY) (“KALY”) for use in its beverages. PURA and KALY
are working closely together on the development of a CBD infused
beverage with 25 mg of CBD. The general industry standard in
the beverage industry is 5 mg. PURA’s EVERx is already ahead
of most of the industry with 10 mg of CBD. PURA and KALY have
been contracted by Generex Biotechnology (OTCBB:
GNBT) to produce a private label water under a Generex brand
name. A 10mg water is in production. In the meantime, PURA
and KALY are working together to introduce a 25 mg version of the
Generex private label product.
PURA has more beverages in addition to EVERx
starting to hit shelves now. Look for announcements coming
soon.
PURA M&A
The
legalization of recreational marijuana in Canada last year and the
recent legalization of hemp farming in the United States has
ignited the market for cannabis investments in addition to heating
up the M&A market for cannabis enterprises. The M&A
activities of Canopy Growth (NYSE:CGC) and Aurora Cannabis (NYSE:
ACB) makes almost daily news. CBD infused beverages are
topping the list of M&A candidates and PURA’s success with
EVERx has pushed PURA to the top of numerous target M&A
lists. PURA’s visibility at the Arnold has moved PURA even
further up those target M&A lists. CEO Brian Shibley
reports that “hardly a day goes by where we do not receive an
M&A inquiry.” The company has only so far entertained two
of the inquiries, one on behalf of a prominent beverage industry
player, and one from a competitor. Mr. Shibley reports PURA
is also looking at acquisitions of its own. “We have introduced to
our co-packer partner the idea of their company being acquired by
PURA.” The co-packer acquisition is only a conversation at
this stage with more ground to be covered before a formal offer
would be advanced, but Mr. Shibley reports, “we are keen on the
idea at this moment.”
Analyst Speculative Buy Recommendation and $0.25
PPS Target with $0.35 Upside
Goldman Small Cap Research issued a research
update on Puration, Inc. (USOTC:
PURA) last week recommending a 'speculative-buy'
rating with a target price-per-share of $0.25, with noted
potential upside to the $0.35 mark.
For
more information on Puration, and to visit more
photos taken at the recent Arnold Sports Festival,
visit http://www.purationinc.com/pura-2019-post-arnold-presentation">http://www.http://www.purationinc.com/pura-2019-post-arnold-presentation">purationinc.com/pura-2019-post-arnold-presentation"
rel="nofollow" target="_blank">
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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