Puration Inc (PURA)

[GP65]

Update: Puration Anticipates Substantial Sales Acceleration From Projected Hemp-Derived CBD Market Expansion From $591 Million to $22 Billion by 2022 https://www.prnewswire.com/news-releases/puration-anticipates-substantial-sales-acceleration-from-projected-hemp-derived-cbd-market-expansion-from-591-million-to-22-billion-by-2022-813469669.html

DALLAS, December 4, 2018 /PRNewswire/ --

Puration, Inc. (USOTC: PURA) today released an update on its end of year sales drive to reach or exceed $1 million in sales for 2018 and to add insight into the 2019 anticipated sales growth.

The company recently reported its revenue for the nine months ending September 30, 2018 at $868,300 representing an increase of over 400% since the company reported $168,000 for the same period last year. The company also realized a 50% profit margin reporting a $448,800 bottom line for the nine months ending September 30, 2018. Management believes the $1 million in annual sales benchmark is within reach for 2018 and continues pushing to insure success. The company today announced signing a new distributor, Savannah Distributing Company , opening up sales of Puration's EVERx CBD Sports Water for the first time within the Southeast United States. Management anticipates additional geographic distribution expansion announcements before the end of the year.

Recent analyst coverage of Puration included a $3 million estimated 2019 revenue projection. Following the analyst coverage, Puration announced a $1 million agreement to produce a new private labeled CBD infused bottled water for a health care industry firm. With what appears to be the imminent legalization of hemp and hemp-derived CBD in the United States under the 2018 Farm Act, demand for CBD infused beverages could expand rapidly.

The Motley Fool:
"If the bill makes it through Congress and is signed by President Trump, as widely expected, industrial hemp should be legal on Jan. 1, 2019. If this occurs, the U.S. market for hemp -- and its derivatives -- is expected to soar. The hemp-derived CBD market is projected to rocket from about $591 million this year to $22 billion by 2022, according to the Brightfield Group. That's a whopping 37-fold increase in just four years!"