Pura Naturals Inc (OTCMKTS: PNAT) has been running up the charts in recent days on fast accelerating volume topping a penny on Thursday.
On January 8 PNAT announced the Grease Beast products have gone live on Amazon. Robert Doherty, C.E.O., states, “Our Grease Beast products are now for sale through Amazon. I am also happy to report that our Grease Beast website found at greasebeastscrubpads.com has been updated with our store locator. This allows for an easy search to find the products at over 250 retail locations throughout the United States, including True Value Hardware, Ace Hardware, Orgill supplied hardware stores, and Ingles Markets, where we are experiencing positive sell-through and repeat orders. With the recent launch on Amazon, the Company will expand production and inventory of the products to meet the anticipated further sales demand.”
Pura Naturals Inc (OTCMKTS: PNAT) has a household cleaning product that absorbs grease and grime while delivering unique soap infusion without harmful chemicals or the bacteria buildup common with typical sponge products. The revolutionary foam absorbs grease while repelling water and inhibiting bacteria growth and odors. The earth conscious company prides itself on its plant-based products made from renewable resources with no petroleum by-products. PNAT saw a pop last year after its Grease Beast product line has been accepted and approved for sale on HomeDepot.com.
PURA was formed in 2013. The inspiration for the company’s creation was the Gulf of Mexico oil spill in 2010. PURA partnered with Advanced Innovative Recovery Technology, Inc., a significant shareholder of PURA, to create a revolutionary and proprietary bio-based, non-toxic foam called BeBetterFoam(R), which is made from renewable resources instead of petroleum. The foam is oleophilic, which means it absorbs grease, grime and oil, but is also hydrophobic, which means it resists water retention and does not support bacteria. Pura Naturals products are sold at CVS Pharmacy, Ingles Markets, Kroger, Meijer, Sprouts Farmers Market, Target, Walmart and Whole Foods Market nationwide.
Back in May PNAT launched a new line of health and beauty products that will be infused with Cannabidiol (“CBD”) derived from hemp and hemp seed oils. The line is anticipated to include facial slices, body bars, soap infused sponges and other custom products available to consumers May 2018.
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Last month PNAT said its Grease Beast line of products continue to receive widespread acceptance in the marketplace. Robert Doherty, C.E.O., states, “The Company has now been approved for the sale of the Grease Beast products to all True Value Hardware Stores. We see this as a tremendous example of the growth the Company is experiencing with the Grease Beast products. As the Company further rolls out the brand in the coming weeks and months, we expect the 3rd and 4th quarters of 2018 to see considerable revenue tied to the brand. The opportunities for the Grease Beast product line-up are wide open for 2019 as we continue to receive interest from domestic as well as international sales channels.”
On January 3 PNAT and Freedom Leaf, Inc. a parent company of leading CBD health and wellness brands Leafceuticals, IrieCBD and Hempology, today jointly announced a Strategic Alliance Agreement between the companies. On December 20, 2018, Pura and Freedom Leaf entered into a Strategic Alliance Agreement where Freedom Leaf will supply CBD to Pura as part of Pura’s health and beauty line of products that contain CBD. The Pura Health and Beauty Line will feature “IrieCBD Inside” with Freedom Leaf, Inc. receiving a royalty. Freedom Leaf will also assist with marketing, distribution and sales of Pura’s products and receive a fee for this work.
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Currently trading at a $3.8 million market valuation PNAT has little on the books, manageable debt and reported $156,486k in sales for the 3 months ended September 30, 2018. PNAT is an exciting story developing in small caps; its Grease Beast line of products continue to receive widespread acceptance in the marketplace and have just been approved for sale on Amazon and according to the Company their products are already sold at CVS Pharmacy, Ingles Markets, Kroger, Meijer, Sprouts Farmers Market, HomeDepot, Target, Walmart and Whole Foods Market nationwide. We will be updating on PNAT when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PNAT.
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Disclosure: we hold no position in PNAT either long or short and we have not been compensated for this article.