DALLAS, May 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Puration, Inc. (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 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.) 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,
[email protected]
(800) 861-1350