Puration Inc (OTCMKTS: PURA) is exploding up the charts after the Company reported revenues are up 400% for the 9 months ending September 30, 2018 to $868,300. Puration also said the company issued no new shares between the second quarter 2018 report and the third quarter 2018 report. CEO Brian Shibley stated “One million dollars in annual revenue is an important benchmark for getting Puration’s EVERx CBD Sports Water on the radar screen of major beverage industry players, and that benchmark is now well within reach for 2018.
Puration is a leading Texas-based, CBD-infused beverage provider. The Company’s flagship product, EVERx, which was introduced in 2017, targets the sports nutrition market. Puration plans to introduce new beverages as well as grow it product portfolio organically as well as through targeted acquisitions. As of October 2018, the Company was set to spin off its cannabis cultivation segment to focus its efforts exclusively on its high-growth core CBD-infused beverage business. Last month PURA announced it will spin-off its cannabis cultivation business. The prospective “spinoff” will be affected by selling the cannabis cultivation business to Nouveau Life Pharmaceuticals, Inc., (USOTC: NOUV)
Puration Inc (OTCMKTS: PURA) started off as as water purification Company before acquiring a patented cannabis extraction process. Initially focused on establishing itself as a supplier of the highest quality cannabis extract available PURA got into the booming CBD market and the rest is history. Sales have been growing fast; last month PURA posted its 2018 Q2 financial report showing a 594% increase in revenue compared to the same period last year. The company posted a $194k profit compared to a $100k loss for the same period last year.
Puration launched the EVERx CBD Infused Sports Waters in the spring of 2017 at Arnold Schwarzenegger’s Arnold Sports Festival. EVERx has since become the leading CBD infused beverage in the sports nutrition market place. The company’s sales grew 600% in the first year after the launch of EVERx. Kiwi Strawberry and Lemon Lime flavors are now available in addition to the Original EVERx CBD Infused Sports Water.
EVERx has more than twice the CBD of most CBD infused waters on the market. A proprietary technology enables EVERx to suspend more CBD than its competitors and still have a crystal-clear appearance and a refreshing taste. The company has recently initiated a package redesign after extensive market testing of a new logo design. Consumer demand for CBD infused beverages is growing and Puration is likewise receiving inquiries from a broader array of retail outlets. The package redesign is the first step of a comprehensive marketing plan to dramatically increase EVERx sales over the next 24 months.
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Puration recently received its first order of its brand new Telluride Happy Water. The twelve-pallet order will be heading to Colorado for distribution in marijuana dispensaries. “We’re thrilled with the order and Colorado is the right place to introduce Telluride Happy Water,” said Brian Shibley, CEO of Puration. Telluride Happy Water is refreshing and delicious drink that enhances the cannabis experience as a beverage before partaking or during when used in a water-pipe. Telluride Happy Water has a higher level of dissolved oxygen in it than almost any bottled water on the market. A patented technology and formula reduces the size of water molecules which creates a platform that accelerates the uptake of anything mixed with or filtered through the patented water technology. This is how Telluride Happy Water exponentially increases a cannabis high.
PURA has been on a buying spree; last week they announced securing a thirty percent (30%) interest in US Cannabis Health LLC, a new company established in partnership with Kali, Inc. and Nouveau Life Pharmaceuticals, Inc. The three companies have each contributed assets in exchange for respective 30% stakes in US Cannabis Health which has been set up to develop cannabis pharmaceutical and wellness therapies estimated to be a $50 Billion market by 2029. A reserve of 10% equity is set aside for a US Cannabis Health management team yet to be selected.
On November 13 PURA reported its third quarter financial report for the period ending September 30, 2018. Revenue for the nine months ending September 30, 2018 is $868,300. Revenue has grown over 400% since the company reported $168,000 for the same period last year. The company realized a 50% profit margin reporting a $448,800 bottom line for the nine months ending September 30, 2018. The company issued no new shares between the second quarter 2018 report and the third quarter 2018 report. “One million dollars in annual revenue is an important benchmark for getting Puration’s EVERx CBD Sports Water on the radar screen of major beverage industry players, and that benchmark is now well within reach for 2018,” said Brian Shibley, CEO of Puration.
Puration will publish an online presentation tomorrow with more insight and details on the financial report published today and how it supports the company’s business plan and objectives. The presentation will include an update on the pending dividend declaration coming in conjunction with the recent spinoff of Puration’s cannabis cultivation business.
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Currently trading at a $47 million market valuation PURA has $177k in the treasury, rising debt and fast growing sales reporting 400% growth in revenues this year over last with $868,300 in sales for the 9 months ended September 30, 2018. PURA is a really exciting story; they are making a number of big moves in the booming cannabis/CBD market and their EVERx CBD Infused Sports Waters is the leading CBD infused beverage in the sports nutrition market place. We will be updating on PURA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with PURA.
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Disclosure: we hold no position in PURA either long or short and we have not been compensated for this article.