PURA - Cannabis Beverage Producer Reports Exceeding $1 Million Sales Benchmark
April 22 2019 - 1:04PM
InvestorsHub NewsWire
PURA –
Cannabis Beverage Producer Reports Exceeding $1 Million Sales
Benchmark
Dallas, TX -- April 22, 2019 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) (“PURA”) today released a management presentation
offering detail and insight into the company’s recently published
2018 financial statement and plans for ongoing growth in
2019. In its 2018 financial statement, the company reported
over $1.2 million in revenue for year-end December 31, 2018 with
over $500,000 in net profit. The 2018 revenue grew 350%
compared to 2017. The company’s primary business is producing
cannabis beverages. The management presentation is included
in its entirety below:
Puration
Overview
PURA is the sole licensee of a patented
cannabis extraction process for the purposes of infusing cannabis
extracts into beverages. The company introduced its first
beverage, EVERx CBD Sports Water, in 2017. The company has since
introduced additional cannabis sector beverages and initiated pilot
sales and marketing programs. The 2018 financial statement
represents a major achievement with PURA realizing over $1 million
in sales. The company reported over $1.2 million in revenue
for year-end December 31, 2018 with over $500,000 in net
profit.
2019 Cannabis Beverage Sales
Outlook
In addition to its ongoing and growing
sales of EVERx CBD Sports Water, PURA has recently announced an
order worth over $1.5 million to produce a private labeled CBD
water. PURA has worked with the owner of the patented
extraction process which PURA has licensed for producing cannabis
infused beverages, to produce a higher concentrate CBD water for
the private label customer. PURA management anticipates the
pilot sales of its new cannabis sector beverages to gain traction
later this year and make meaningful contributions to PURA’s 2019
revenue growth.
Production Capacity
Increase
With the growing sales has come pressure
on PURA’s current beverage production capacity. Among other
production constraint issues, PURA has been slow to deliver on
direct sales from the company’s Ecommerce sales on USMJ.com
(USMJ.com is a cannabis sector
Ecommerce site delivered by North American Cannabis Holdings, Inc.
[USOTC:
USMJ]). PURA is working closely with the company’s
co-packer/partner Alkame Holdings, (USOTC:
ALKM) to expand production capacity and keep up with PURA’s
growing sales.
2019 Target
Sales
Management plans to soon publish its sales
targets for 2019. The company wants to first finalize its
production capacity enhancement plans in addition to further
refining its estimates for sales of its new beverage
products. Look for a management to publish 2019 sales targets
within the first week of May.
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
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Aug 2024 to Sep 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Sep 2023 to Sep 2024