PURA Adds To $3 Million Revenue Potential with Cannabis Sector Distribution
July 26 2016 - 12:57PM
InvestorsHub NewsWire
Puration Announces
In-House Cannabis Sector Distribution Capacity To Enhance Food and
Beverage Consumer Product Partnerships and Bolster
Revenue
Dallas, TX -- July 26, 2016 -- InvestorsHub NewsWire -- Puration,
Inc. (PURA)
today announced an in-house cannabis sector distribution capacity
founded on an existing related distribution operation. The
existing distribution operation enables the Puration in-house
cannabis distribution capacity to immediately service the
distribution of cannabis infused food and beverage consumer
products produced as a result of Puration food and beverage
collaboration agreements. The in-house
distribution capacity will additionally include complimentary,
non-cannabis food and beverage consumer products augmenting
Puration’s overall revenue.
Puration is engaged in the development of standardized and
repeatable cannabis extraction processes that can deliver a
consistent and high-quality concentrate for infusion into consumer
food and beverage products that appeal to the recreational and
wellness market segments. The Company recently
announced a preliminary $3 million 12-month revenue
forecast and campaign to brand Company’s cannabis
extracts as the leading concentrates infused into recognized food
and beverage consumer products.
The Company is currently in negotiations with a number of food and
beverage consumer product companies regarding collaborations to
infuse a co-branded Puration extract. The target sales
objective of each collaboration agreement is $1 million dollars
within the first year. Puration anticipates three
collaboration agreements to be finalized and announced
promptly. The Company has more than three collaboration
agreements currently under development. If Puration enters
into more than three collaboration agreements, the preliminary
revenue forecast may be refined upward.
The introduction of the in-house distribution capacity is intended
to make a collaboration agreement with Puration even more appealing
to prospective food and beverage consumer product companies.
The in-house distribution capacity enhances the collaboration
opportunity with a network of existing retail outlets. The
in-house distribution capacity also offers prospective food and
beverage consumer product companies with an additional channel to
market for existing products in addition to the new products
produced in collaboration with Puration.
Puration’s current extraction operation has evolved out of a
spinoff from a health and fitness operation with an existing
affiliated distribution network (North American Cannabis Holdings –
USMJ). Puration’s in-house distribution
capacity announced today is founded on that network.
To learn more about Puration:
www.purationinc.com
Follow Puration on Twitter:
https://twitter.com/Puration710
Visit Puration on
Facebook: https://www.facebook.com/puration/
Safe Harbor Act: This release includes forward-looking statements
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 that involves risks and
uncertainties including, but not limited to, the impact of
competitive products, the ability to meet customer demand, the
ability to manage growth, acquisitions of technology, equipment, or
human resources, the effect of economic business conditions and the
ability to attract and retain skilled personnel. The Company is not
obligated to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the
date of this release.
Puration Contact:
Brian Shibley, CEO
info@puraitoninc.com
972-528-0162
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