PURA CBD Beverage Production in Texas Greenlighted With Texas Governor Legalizing Hemp and CBD
June 13 2019 - 9:58AM
InvestorsHub NewsWire
PURA CBD Beverage Production in
Texas Greenlighted With Texas Governor Legalizing Hemp and CBD
Dallas, Texas -- June 13, 2019 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) ( ”PURA”) today announced the impending launch of its
EVERx CBD Sports Water production in Texas. EVERx is the
leading CBD Infused water in the sports nutrition market.
Launched in 2017 at Arnold Schwarzenegger’s Annual Arnold Sports
Fest, EVERx achieved over $1 million in annual sales in 2018.
PURA has targeted $4 million in sales for 2019 and management has
indicated it may increase that target with the opening of a new
EVERx production line in Texas now that Texas law has cleared the
way. Texas Governor
Greg Abbott signed a new law Monday this
week legalizing hemp and
hemp-derived products. PURA had prepared
production capacity in Texas in anticipation of Texas passing the
bill signed into law this week and expects to begin production in
Texas by the end of the month of
June.
PURA Speculative Buy Recommendation and
$0.25 PPS Target w/Potential to
$0.35
Goldman Small Cap Research has released a
new research report recommending PURA as a Speculative
BUY with a $0.25 PPS Target. Goldman Small Cap Research further
reports that the shares of PURA “have the potential to reach the
$0.35 mark.” The report highlights PURA’s growing EVERx CBD
Sports Water sales and the coming introduction of new beverages as
well as the potential for the company to exceed its 2019 sales
targets through the pending doubling of its production capacity and
through planned acquisitions. The report further details
recent updates intended to accelerate the issue of Nouveau
(USOTC:
NOUV) stock to PURA shareholders in a dividend
distribution. Notably, the report points to the capacity and
quality improvements enabled by the addition of a new team member
with exceptional beverage industry professional
experience.
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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