Puration Inc (OTCMKTS:PURA) and Nouveau Life Pharmaceuticals Inc (OTCMKTS:NOUV) Joint Venture Gains Traction
December 24 2018 - 9:43AM
InvestorsHub NewsWire
By Jim
Bloom -- Originally Posted 23 December 2018
Growing market penetration and impressive sales numbers are the
catalysts that affirm Puration Inc (OTCMKTS:PURA) 200% upside potential, as
was the case in our previous update. While the stock has come down
tumbling from record highs registered in October, all indication is
that this is a minor correction.
PURA PRICE ANALYSIS
The stock looks set to continue powering high as a pullback
play. Supporting the upward momentum heading into 2019 is a string
of positive developments led by solid sales numbers as well as an
impressive 2019 outlook. Puration has also embarked on an expansion
drive as it looks to strengthen its footprint and market share in
the multi-billion sector.
After plunging from record highs of $0.25 a share, the stock
appears to have hit a strong support level at the $0.08 level. A
string of positive developments in the recent past supports a
bounce back to 52-week highs, from the support level.
Following the pullback, the stock faces an immediate resistance
level at the $0.13 level. A breach of the resistance level should
open the door for bulls who missed out,on the initial rally to come
in and push the stock back to this year’s higher highs.
A sell-off followed by a close below the $0.08 mark, on the
other hand, could give short sellers a reason to come in and push
the stock to the $0.02 level, seen as the next substantial support
level. In our view, the stock is destined to bounce back after the
recent pullback.
What Does Puration Do?
Puration designs, develops, and produces water purification
products. Its water filtration systems include personal water
filter bottles as well as sports bottles and collapsible water
pouches. The company also provides water filter pitchers, canteens
shower head filters and water filter pumps.
WHY IS PURATION DESTINED TO SKYROCKET?
Puration is destined to surge after the recent pullback on
investors taking note of a string of positive development in recent
weeks. The company is fresh from confirming that its sales for the
2018 fiscal year exceeded the $1 million mark, a significant
milestone.
The company attributes the sales growth to strong demand for its
lead product EVERx CBD Sports water as well as regional expansion.
Puration also continues to ink deals with distributors in new areas
across the U.S as it also continues to pursue new sales channels.
Plans are also underway to pursue international distribution
agreements that will pave the way for the company to pursue growth
on the international scene.
EXPANSION DRIVE
The addition of Telluride Happy Water to the product line is
also poised to continue contributing to sales growth. The company
has already signed a $1 million agreement with Generex
Biotechnology Corp, for the production of a private label, CBD
infused water expected to contribute to 2019 sales.
“We are optimistic that $3 million in sales next year is a
reasonable goal and we’re even setting a stretch goal of $5 million
in sales with the additional sales contributions anticipated from
our other beverage lines to include Telluride Happy Water
and THCSavor ,” Puration in a statement.
NOUVEAU LIFE PHARMACEUTICALS, (USOTC:NOUV)
– KALI STRATEGIC PARTNERSHIP
Following a spin-off of cannabis cultivation operations,
Puration inked a joint venture with Kali Extracts and Nouveau Life
Pharmaceuticals. The joint venture has already signed an agreement
that paves the way for the expansion of Nouveau’s cultivation that
will now include 100 acres for hemp growing.
The expanded cultivation operations should go a long way in
supporting Puration plans of developing cannabis pharmaceuticals as
it seeks to diversify its offerings.
FARM BILL IMPACT
Following the passing of the $867 billion Farm Bill in the U.S,
Puration expects the market for hemp derived infused beverages to
skyrocket going forward. Being a fast mover in the sector with over
two years’ experience, the company remains well positioned to be
one of the biggest beneficiaries of the expected demand.
According to Chief Executive Officer Brian Shibley, experience
and brand recognition should set Puration apart in the sector going
forward. EVERx CBD Sports Water is the leading water brand that the
company is relying on, to generate significant value from the
burgeoning sector
BOTTOM LINE
The passing of the 2018 Farm Bill is the icing on the cake that
strengthens Puration growth metrics in the burgeoning cannabis
sector. The company has already curved a substantial amount of
market share for itself in the niche CBD infused water market.
Sales growth in recent quarters attests to the company’s
prospects as demand for CBD water continues to grow. The company
looks set to continue generating significant sales and value from
the sector thanks to its robust pipeline of products supported by
an aggressive expansion drive into new markets.
The stock skyrocketing to record highs before pulling back, as
part of a minor correction, means there is a lot of room to move on
the upside at the back of strengthening fundamentals. The stock is
an interesting pick as a long-term play, especially after the
recent pullback.
We will be updating our subscribers as soon as we know
more. For the latest updates on PURA and NOUV, sign up
below!
Disclosure: We have no position in PURA or NOUV and have not
been compensated for this article.
Original Article - https://insiderfinancial.com/puration-inc-otcmktspura-nouveau-life-pharmaceuticals
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