PURA Coronavirus Market Update #1 – CBD Beverage Sales, Annual Report, M&A

 

Dallas, TX -- March 30, 2020 -- InvestorsHub NewsWire -- Puration, Inc. (USOTC: PURA) today released a Coronavirus market update.  In light of the overall stock market volatility and general economic concerns, PURA plans to post periodic updates to specifically address any impacts to the company’s operations or outlook.

Coronavirus Market Conditions Potentially Enhance Sales

Today PURA’s revenue is primarily generated by the sales of its EVERx CBD Sports Water.  At this time, PURA has not experienced any event that would indicate a negative impact to sales.  On the contrary, EVERx CBD Sports Water is a best seller right now on the North American Cannabis Holdings, Inc. (USOTC: USMJ) www.USMJ.com eCommerce site.  Multiple reports are out right now indicating that cannabis sales are up in the midst of the increasing Corona Crisis isolation being experienced by much of the U.S. population.

Product Inventory Restocked Just Prior To Lockdown

Fortunately, and by sheer luck, PURA executed a production run of EVERx CBD Sports Water just prior to the lockdown.  So, for the immediate future, PURA’s supply of EVERx CBD Sports Water is sufficient to support ongoing sales.

Upcoming Financial Reports Not Impacted By Coronavirus

PURA’s annual financial report will soon be published and obviously the Coronavirus market does not have any impact on last year’s financial performance.  PURA historically files for a reporting extension and will likely file for an extension on the upcoming financial report.  The first quarter financial report will be coming soon after the annual report and at this time the Coronavirus market conditions are not anticipated to have a negative impact on the first quarter.

Stock Market Volatility

Wow, right?  There is an abundance of reporting with an endless variety of explanations, forecasts and recommendations regarding the prevailing stock market.  What could we possibly add to stand out?  Fear, uncertainty and doubt seems to rule the market right now.  PURA at about $0.01 today has a 52-week high of over $0.09 and was over $0.04 in February just before the Coronavirus impacted the stockmarket.  Our objective in this update and future Coronavirus market updates will be to simply provide the latest most up-to-date insight into the company’s current situation and outlook regarding how the prevailing market conditions might be having an impact.  We will try in these updates to at least mitigate uncertainty and doubt.  You will have to manage fear on your own and make your own decisions regarding the PURA share price as a reflection of the company’s value in general and in light of the Coronavirus market.

CBD M&A Campaign Continues

PURA announced the launch of a campaign to acquire other CBD beverage, edible and topical operations and in fact executed its first two acquisitions.  At this time there is no change to the company’s campaign.  Management speculates that the Coronavirus market may even improve the market for potential acquisitions.

Management plans to publish updates on the company website weekly and more frequently if warranted.

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

 

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