Dallas, TX -- June 24, 2020 -- InvestorsHub NewsWire -- Puration, Inc. (USOTC: PURA) today released its 13th weekly Coronavirus update.  The continuing increase in cases in Texas is national now national news and Texas is not alone.  Dr. Fauci characterized the state of the Pandemic in the U.S. this week in testimony to Congress as a “disturbing surge.”
 

PURA management is preparing for the worst case.  State and local governments are already implementing new restrictions intended to mitigate the increasing number of cases.  A new shelter in place order cannot be ruled out.  PURA weathered the first economic shutdown through the good fortune of having just restocked its inventory of EVERx CBD Sports Water prior to the shutdown.  Following the reopening of the economy, PURA quickly redistributed its remaining inventory and initiated efforts to run a new production cycle prior to another possible shutdown.

PURA reported $2.7 million in annual sales last year and $800,000 in the first quarter of 2020.  To insure against the possibility of another potential shutdown, in part or whole, PURA is rushing to complete another production run of EVERx.

Resilience is management’s priority during the COVID-19 Pandemic. That means taking vigilant measures to protect the company’s EVERx business. At the moment, that translates into making sure PURA has adequate inventory to maintain sales.

PURA also continues with its horizontal strategy to expand across the CBD market from beverages, to edibles and topicals giving PURA a wider footprint and corresponding long-term stability from which to maintain sustainability and fuel rapid growth.

The acquisition campaign launched in January this year continues unhampered and possibly even enhanced by the prevailing COVID-19 impacted economic conditions. Forbes reports that vertically integrated hemp and CBD companies capitalized under $6 million are at risk of not surviving the economic conditions resulting from COVID-19. The challenges facing such companies creates a target rich acquisition market.

PURA has executed three acquisitions so far this year. PURA has acquired a CBD infused confections business, a CBD pet products business, and a CBD sun care business. PURA expects to close the acquisition of a CBD sexual wellness company tomorrow, June 25, 2020.

PURA management continues to monitor the potential impact of the overall Coronavirus crisis to PURA’s operations. To date, PURA’s outlook remains sustainable with even some optimism that certain Coronavirus impacts could be beneficial.

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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