Puration Inc (OTCMKTS:PURA) Wins Major Order For EVERx CBD Sports Water In Europe In Response To Arnold Sports Festival Held in Barcelona Last Week

Puration Inc (OTCMKTS:PURA) Wins Major Order For EVERx CBD Sports Water In Europe In Response To Arnold Sports Festival Held in Barcelona Last Week

Puration
Inc (OTCMKTS:PURA)
has
confirmed that it will receive the first large order for EVERx CBD Sports Water
in Europe. The company expects to receive this order later this week from a
distributor, who generates Euro 4 billion annual sales by supplying to the
grocery chain. It is in response to the marketing campaign that started last
week at the Arnold Sports Festival in Barcelona.

Expects
quarterly sales of $1 million

Puration expects to generate quarterly
sales of $1 million next year through its recent accord with a large
distributor in Europe. It is on track to meet the analyst’s estimate of $8
million sales next year. The company would ensure the first shipment next month
to the distributor in Europe. Puration expects to ship the innovative
TranquiliTeaCBD beverage to the European Distributor before the end of next
year. The company has launched TranquiliTeaCBD beverage on September 25, 2019.

Goldman
small cap research puts a target of $0.35

According to a communicative from
Puration on September 25, 2019, Goldman Small Cap Research report has put a buy
rating for a target of $0.35 PPS. The research report covers the CBD Beverage
business of Puration and the CBD industry.

The CBD infused sports nutrition of
Puration has generated sales of more than $1 million in 2018. It has reported
sales of more than $1 million in the first half of 2019. The company expects to
achieve sales of $4 million by the end of 2019.

Exchanges
120 million preferred shares

Puration
has received $1.2 million convertible note from Nouveau Inc after spinning off
the cannabis cultivation business to the latter in October 2018. The company
has exchanged the convertible notes in July 2019 into common stock of Nouveau.
Now, Puration and Nouveau are working to pass on the dividend of the
preferential shares to Puration shareholders.

The
spin-off to Nouveau included a farming operation that comprises twenty-five
operating greenhouses. It also consists of an additional 400 greenhouses ready
for operation. The twenty-five greenhouses are engaged in nursery operations
because marijuana and hemp cultivation are not legitimate at that time.
Following the legalization, the Texas-based operations are adopting hemp cultivation.
Nouveau expects to generate revenue of $10 million in 2020.

Published at Mon, 30 Sep 2019 12:07:31 +0000

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