PURA - Puration Anticipates Doubling $8 Million 2020 Revenue Target
December 23 2019 - 8:08AM
InvestorsHub NewsWire
Dallas, TX -- December 23, 2019 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced it anticipates doubling its 2020 $8
million revenue target with the introduction of its new white label
cannabis infused beverage bottling business. PURA last week
announced entering into the white label cannabis infused beverage
production sector leveraging its cannabis infused beverage
formulation and production experience and its expanding bottling
capacity to seize a much larger portion of the overall global
cannabis beverage sector. With its expanded production
capacity now in place, PURA has already started the effort to
secure its first white label contracts. Management expects
that within 90 days and being able to model the potential of the
first white label contracts, PURA will release a more specific 2020
revenue target.
PURA has recently reconfirmed its $4
million revenue target for 2019. The original 2020 revenue
target was $8 million. The two targets have been based
primarily on the company’s current production and ongoing sales
expansion of its EVERx CBD
Sports Water. EVERx was introduced for the first
time nearly three years ago at Arnold
Schwarzenegger’s Arnold Sports
Festival. EVERx has since expanded its
Arnold Sports Festival marketing globally participating at Arnold
events not just in the United States, but in Africa and Europe as
well. EVERx has become the leading CBD infused beverage in
the sports nutrition market sector. EVERx now has
distribution in Europe, Latin America and Africa in addition to
within the United States. The 2020 $8 million revenue target
was based on the projection of ongoing EVERx growth and the
introduction of new beverages designed by
PURA.
PURA is now raising its 2020 revenue
target based on a recent business model expansion. With EVERx
distribution expanding into Europe, Latin American and Africa, in
addition to the prospects for EVERx distribution in Canada. PURA
has in the last several months expanded its production capacity
through acquisition and partnership. PURA has recently
announced acquisitions in Europe and Latin America and partnerships
in Canada and Africa. The acquisitions and partnerships
combined with PURA’s beverage formulation and production experience
provide PURA with more potential than just improving and expanding
upon the production of its in-house beverages. The CBD
beverage market is one of the fastest growing beverage sectors
anticipated to reach $1.4 billion by
2023.
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,
info@aciconglomerated.com
(800)
861-1350
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