DALLAS, June 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Puration, Inc. (PURA) (“PURAâ€) today announced signing a new East Coast Distributor for its EVERx CBD Sports Water. The distributor is headquartered in New York. PURA currently has over $1 million in annualized revenue primarily from the sales of its EVERx CBD Sports Water. Sales of EVERx today come primarily from the South and South West United States. PURA has announced a 2019 $4 million revenue target. The distribution agreement announced today is PURA’s first major distribution agreement for the East Coast and it is anticipated to have EVERx on shelves from Florida to Maine. In conjunction with the agreement announced today, PURA plans to soon announce in store EVERx events at retailers on the East Coast taking place over this coming summer
The company demonstrated over a $1
million base annual revenue run rate in Q1 2019. The company
broke $1 million in sales for the 2018 fiscal year. The company
also has a new $1.5 million order to produce private
labeled CBD water. From the current better than $1 million
annualized revenue run rate and the $1.5 million order, management
is targeting $3 million in sales from existing beverage products.
PURA has a number of new products in various phases of launching
from which management anticipates realizing another $1 million in
target revenue making the company’s overall 2019 organic revenue
target $4 million. The $4 million target does not include the
potential benefit that might be realized through the execution of
PURA’s M&A strategy. Management may consider revising its
2019 $4 million revenue target upwards later this
year.
PURA has formulated a new THC infused beverage, THC Savor. The
company is working on establishing production and distribution
relationships in regions where the beverage can be legally produced
and sold. The company has also formulated and produced a water
designed to enhance the cannabis experience by either consuming the
water before or during cannabis use or using the water as a conduit
for cannabis smoke. The product is called Telluride Happy Water and
has already been sold into a pilot market test.
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,
[email protected]
(800) 861-1350