DALLAS, Jan. 24, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Puration, Inc. (US PURA) (“PURA”) today announced a home-grown source of hemp for its CBD extractions to go into its EVERx CBD Sports Water. PURA has partnered with Nouveau, Inc. (US NOUV) and Kali-Extracts (US KALY) to source CBD from NOUV’s hemp cultivation operation and KALY’s proprietary extraction process. “I had my cowboy boots on the ground yesterday, walking the 100 acers of already irrigated land where NOUV will soon plant hemp now that hemp farming has been legalized in the United States under the 2018 Farm Act,” said Brian Shibley, CEO of PURA. “NOUV already has staff and operations in place with an extensive 25 greenhouse traditional nursery operation generating revenue and paving the way forward future cannabis cultivation.” KALY and NOUV have already entered into a partnership to grow and extract on the 100 acers and now PURA will get first dibs on the CBD extract. “In addition to our deal with NOUV and KALY, we are also talking with our EVERx co-packer, Alkame Holdings, about an additional hemp cultivation operation near Alkame’s bottling facilities to include another KALY extraction facility actually within Alkame’s plant.” Alkame Holdings, Inc. (US ALKM) is a longtime co-packer partner of PURA for PURA’s EVERx and Telluride Happy Water beverages.
PURA recently announced doubling its EVERx CBD Sports Water Production schedule in reaction to December and January retail sales. After delivering on a record number of wholesale orders in December, PURA is already receiving re-orders in mid-January. One distributor reported selling out of its inventory and doubling the size of its next order. Brian Shibley, CEO of Puration remarked, “The company has set a goal of $5 million in annual sales for 2019 and these first retail sales reports redouble confidence in our sales goals.”
The increased production will be packaged in the all new EVERx CBD Sport Water Bullet Bottles. PURA’s copacker partner Alkame Holdings, (US ALKM) has recently updated its bottling production line with a new state-of-the-art bottling production system enabling PURA’s increased production orders in the new bullet bottles.
Puration launched the EVERx CBD Sports Waters in the spring of 2017. 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 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.
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
[email protected]
(800) 861-1350
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7651028d-f2f7-4aca-897e-02df7884d6f8
