PURA CBD Brand Draws On Texas Roots
August 31 2020 - 2:26PM
InvestorsHub NewsWire
Dallas, TX -- August 31, 2020 -- InvestorsHub
NewsWire -- Puration, Inc. (USOTC:
PURA) today hinted the company’s new holistic lifestyle brand
to be revealed tomorrow will draw on its Texas
roots.
PURA’s horizontal CBD consumer product expansion
strategy has been in the works now for some time. Central to
the strategy is the construction a lifestyle brand that
embodies the values, interests, attitudes, and opinions of the
population where CBD products are an ideal
fit.
The
company will reveal the new brand name behind its horizontal CBD
consumer product expansion into a $500 billion new market
opportunity tomorrow on Tuesday, September 1,
2020.
The
company’s expansion plan is built on a solid base CBD beverage
business. The company recently reported $1.6 million in
revenue with $471,000 in gross profit primarily from sales of its
EVERx CBD Sports Water. Sales YTD grew 48% compared to the
same period last year.
In January of this
year, PURA initiated an acquisition campaign to introduce a
solution to the cannabis sector-wide challenge with access to
capital by leveraging its own core competencies to acquire CBD
infused beverage, edible and topical
businesses.
PURA targets CBD
product acquisitions that can be enhanced with PURA's patented
technology. PURA owns a license to a U.S. Patented cannabis
extraction process backed by extensive university medical research.
The license, issued by NCM Biotech, is exclusive for beverages,
edibles and cosmetics among other uses. NCM Biotech is focused on
medical research and Puration has access to that research. See a
recent research report on CBD extracts derived from NCM Biotech's
patented extraction process: Journal
of Cannabis Research.
Since launching the
acquisition campaign in January, the company has acquired a CBD
confections business, a CBD pet products business and CBD sun care
business. Combined with its existing beverage industry
product line, PURA's combined horizontal market opportunity ranges
across over $2 trillion in market
value:
Sexual wellness
$39
Billion Projected Market
Value
Confections
$232
Billion Projected Market
Value
Pet
Products $202
Billion Projected Market
Value
Sun
Care $12.6
Billion Projected Market
Value
Non-Alcoholic
Beverage $1.6
Trillion Projected Market
Value
In conjunction with
the acquisition campaign, PURA secured a $5
million investment to fund its acquisition efforts. PURA
concentrates on making acquisitions in exchange for royalty
agreements and a commitment for PURA to fund a marketing expansion
of the product line.
PURA is developing a
single brand name identity and unified marketing strategy that can
cross all five industries listed above in addition to any new
industries PURA may enter with future
acquisitions.
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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