PURA Targets $4 Million In 2019 Sales
May 21 2019 - 10:38AM
InvestorsHub NewsWire
PURA Targets $4 Million In 2019
Sales
DALLAS, TX
-- May 21, 2019 -- InvestorsHub NewsWire -- Puration, Inc.
(USOTC:
PURA) today announced filing its 2019 Q1 financial
report. The first quarter report demonstrates sales
consistent with the company’s 2018 annual revenue run rate which
resulted in the company realizing over $1.2 million in total
revenue in 2018. PURA’s revenue grew over 350% in 2018
compared to 2017. In addition to the PURA’s base sales
reported in the first quarter derived primarily from the sale of
the company’s cornerstone product, EVERx CBD Sports Water, PURA has
signed an additional $1.5 million order for a private label CBD
infused water. In consideration of the consistent base sales
supporting over a $1 million annual revenue run rate, combined with
the new $1.5 million private label CBD Infused water, and adding in
a conservative growth rate, PURA management is now targeting $3
million in sales from CBD beverages alone. Management is
targeting an additional $1 million in sales from new cannabis
beverage sales the company is currently in the process of
launching. The overall basic sales target for 2019 is $4
million. Management indicates that it has projects in the
works that could result in PURA substantially exceeding its
targets.
PURA
Shareholder Dividend
PURA
management also reiterates at this time it has recently updated its
approach with Nouveau (USOTC:
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 is
to be launched imminently. 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.
New
EVERx CBD Sports Water Sales In
Africa
PURA and
Kali-Extracts (aka Kali, Inc.) (USOTC:
KALY) wrapped up the Arnold Sports Festival in
Johannesburg, South Africa featuring their EVERx CBD Sports Water
this past weekend. KALY is a PURA partner with a patented
cannabis extraction process licensed to PURA and instrumental in
the production of EVERx. PURA management has declared the
Arnold Sports Festival a success with an initial order to be
delivered in South Africa resulting from the trade show. PURA will
publish a report on the trade show later today that will include
details on the latest order coming out of the trade
show.
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
Nouveau Life Pharmaceuti... (PK) (USOTC:NOUV)
Historical Stock Chart
From Feb 2024 to Mar 2024
Nouveau Life Pharmaceuti... (PK) (USOTC:NOUV)
Historical Stock Chart
From Mar 2023 to Mar 2024