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Replies to post #22519 on Puration Inc (PURA)
01/17/19 6:14 AM
01/17/19 6:24 AM
How is that agreement with the new company? I believe its Puration going. And the third question is. Is that something that's going to be produced in-house at the Generex location or is that something that PURA is actually going to be producing now their own?
Joe Moscato
Well, it's in combination. We came up with a formulation that we were pretty happy with, with our NuGenerex Health Water. So, right now, we’re almost done with the labeling and the artwork for a branding of the product. Our formulation is significantly a little bit higher than most of the other CBD what is out there as high up one were. So, we believe 1 million bottles of water is really not a lot at all. We have our pharmacy network potentially going to sell a lot of water through that pharmacy network as well as other distribution channels that have already shown significant interest in carrying the product as well as the other distribution channels. So you know CBD is hot right now. And for us, it really was being able to put it out into our own pharmacy networks to sell the product. It's a great product thereby wants it is the high demand. And since we own pharmacies, we thought it was a great idea to get the business.
Unidentified Analyst
All right, thank you for that and I think part of the question was. Is that agreement going well with the new company? Or are you guys trying to get older companies into the game for the new product as well?
Joe Moscato
As a matter of fact as myself and a few management team members had dinner last night with the CEO of Puration, so meeting went well. They manufacture the product in Portland. So, we’re definitely on track in bringing that product to market. So, the contract is going quite well. The partnership is going quite well.
