PURA - Puration Announces CBD Infused Fair Trade Coffee From Kenya
October 11 2019 - 10:41AM
InvestorsHub NewsWire
PURA – Puration Announces CBD
Infused Fair Trade Coffee From Kenya
Dallas, TX -- October 11, 2019 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced the company will begin producing CBD
infused Fair Trade coffee from
Kenya.
PURA currently makes and sells EVERx
CBD Sports Water, the leading CBD sports drink in the sports
nutrition market. 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.
A few months ago, PURA launched an
initiative to partner with other beverage companies and introduce
CBD Infused beer, coffee and tea beverages. As part of the
initiative, PURA engaged Goldman Small Cap Research to conduct a
CBD beverage industry survey (see link below). Yesterday,
Goldman published the final survey results of the
survey.
CBD Beverage Survey
Highlights
“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.”
PURA recently introduced
TranquiliTeaCBD
as its first new beverage from
the beer, coffee and tea initiative. PURA’s new tea is
already formulated and ready to go into production. Final
packaging design, with the help of shareholder’s feedback on the
initial designs, is almost complete. TranquiliTea is expected
to be on shelves before the end of the
year.
Today, PURA is proud to announce entering
into an agreement with a Fair Trade producer of coffee in
Kenya. Farmers who grow Fair Trade coffee receive a fair
price, and their communities and the environment benefit as
well. PURA has engaged Kali-Extracts, Inc. (USOTC:
KALY) to design the CBD infusion for ground coffee. PURA
anticipates beginning CBD coffee product testing next month.
PURA is also in conversations with growers in
Ethiopia.
To see the full final CBD Beverage
industry survey results, follow the link
below:
CBD Beverage
Industry Results – October 10,
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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