PURA Confirms Management Update Scheduled Thursday May 30th
May 28 2019 - 9:49AM
InvestorsHub NewsWire
PURA Confirms Management Update
Scheduled Thursday May 30th
DALLAS, TX
-- May 28, 2019 -- InvestorsHub NewsWire -- Puration, Inc.
(USOTC:
PURA) (“PURA”) today confirmed a management update to be
published on the company’s website on May 30th,
2019. The update will include highlights on the company’s
recently published 2019 Q1 financial report and the company’s
corresponding $4 million 2019 revenue target and 300% revenue
growth goal for 2019. As CBD infused beverages continues to
rise in market prominence as the potential leading growth performer
in the overall cannabis sector, the management presentation will
include an overview of PURA’s developing merger and acquisition
strategy (M&A) to capitalize on the potential of cannabis
extracts infused into beverages to transform the global trillion dollar beverage
industry.
The company
posted its 2019 Q1 financial report earlier last week demonstrating
over a $1 million base annual revenue run rate. The company
also has a new $1.5 million order to produce private labeled CBD
water which is not yet reflected in the company’s financial
statement. Demand for the company’s cornerstone beverage
product, EVERx CBD Sports Water, has strained the company’s current
production capacity, but a second production facility is
anticipated to be online by the end of June. With expanded
production, management may consider revising its 2019 $4 million
revenue target upwards later this year. In addition to the $3
million in CBD beverage sales anticipated this year at the current
production capacity, management is targeting an additional $1
million in sales from new cannabis beverage sales the company is
currently in the process of
launching.
Stock Dividend To PURA
Shareholders
The
presentation next week will include an update on the impending
dividend Nouveau (USOTC:
NOUV) to PURA shareholders. The presentation will also
include highlights on PURA’s partnership with Kali-Extracts (aka
Kali, Inc.) (USOTC:
KALY) (“KALY”). KALY owns and operates a U.S. Patented
Cannabis Extraction Process. PURA has the sole license of the
U.S. Patented Cannabis Extraction Process for the beverage
industry.
PURA
Shareholder Dividend
PURA
management has recently updated its approach with NOUV to deliver
on the dividend of NOUV stock to PURA shareholders in conjunction
with the 2018 Q4 spinoff of PURA’s cannabis cultivation operation
to NOUV. A new website facilitating the
acceleration of the dividend issuance process will be launched
prior to the update presentation on Thursday, May
30th. In conjunction with the
launch, PURA and NOUV management will detail the role of the
website and further details with the updated dividend issuance
strategy.
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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