Puration Inc (PURA)

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Puration, Inc. (PURA) today confirmed plans to begin producing CBD beverages in Europe. Earlier this week, PURA announced executing a letter of intent to acquire a company headquartered in Germany as part of a strategy to bottle PURA’s CBD infused beverages locally. The German LOI follows PURA recently signing a distribution agreement in Europe for its EVERx CBD Sports Water with other CBD infused beverages to follow. The initial European distribution agreement is estimated to add $4 million in sales next year. Management indicates that the potential of European distribution beyond the initial $4 million projection warrants the establishment of a local bottling capacity. The European market for CBD is project to reach nearly US $17 billion by 2023. Today the company reveals that the bottling expansion in Europe is part of a bigger plan to expand bottling in Canada and Latin America. PURA is actively developing acquisition opportunities similar to the one developing in Germany.

For more information on Puration, visit http://www.purationinc.com