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PURA Confirms Management Update Scheduled Thursday May 30th
DALLAS, May 28, 2019 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) ("PURA") today confirmed a management update to be published on the company's website on May 30th, 2019. The update will include highlights on the company's recently published 2019 Q1 financial report and the company's corresponding $4 million 2019 revenue target and 300% revenue growth goal for 2019. As CBD infused beverages continues to rise in market prominence as the potential leading growth performer in the overall cannabis sector, the management presentation will include an overview of PURA's developing merger and acquisition strategy (M&A) to capitalize on the potential of cannabis extracts infused into beverages to transform the global trillion dollar beverage industry.
The company posted its 2019 Q1 financial report earlier last week demonstrating over a $1 million base annual revenue run rate. The company also has a new $1.5 million order to produce private labeled CBD water which is not yet reflected in the company's financial statement. Demand for the company's cornerstone beverage product, EVERx CBD Sports Water, has strained the company's current production capacity, but a second production facility is anticipated to be online by the end of June. With expanded production, management may consider revising its 2019 $4 million revenue target upwards later this year. In addition to the $3 million in CBD beverage sales anticipated this year at the current production capacity, management is targeting an additional $1 million in sales from new cannabis beverage sales the company is currently in the process of launching.
Stock Dividend To PURA Shareholders
The presentation next week will include an update on the impending dividend Nouveau (USOTC: NOUV) to PURA shareholders. The presentation will also include highlights on PURA's partnership with Kali-Extracts (aka Kali, Inc.) (USOTC: KALY) ("KALY"). KALY owns and operates a U.S. Patented Cannabis Extraction Process. PURA has the sole license of the U.S. Patented Cannabis Extraction Process for the beverage industry.
PURA Shareholder Dividend
PURA management has recently updated its approach with 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 will be launched prior to the update presentation on Thursday, May 30th. 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.
For more information on Puration, visit http://www.purationinc.com
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.
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SOURCE Puration, Inc.