The management of Puration, Inc. (USOTC:PURA) has announced that it is optimistic that December sales might surpass the previous sales target of $1 million. The management believes that their annual benchmark regarding sales is still achievable and they are still pushing to ensure its success.
Expansion to new markets
The announcement of its new CBD-infused beverages such as EVERx is expected to boost sales as a result of venturing into new markets such as Colorado and Georgia. The company has equally announced that they have contracted with Savannah Distributing Company that will be supplying the south-eastern region of the United States. In line with their diversification strategies, Puration announced on Friday that they were increasing the supply of their 100 Pallet Telluride Happy Water to Austin, Texas to a distributor who ordered only twelve pellets in November which is an indicator that demand is increasing. In a bid to expand the business the management is expected to announce its expansion to other geographical regions before the year ends.
Later this month, Puration is expected to start selling their EVERx CBD Sports drink online on the USMJ E-commerce platform that is to be inaugurated by North American Cannabis Holdings (USOTC: USMJ). Projections for 2019 expect Puration Inc. revenue to increase by an estimated $3 million. The predictions are a result of the $1 million agreement for Puration to begin producing different private labeled CBD water meant for a health care company.
Equally the pending approval of the 2018 Farm Bill to legalize hemp and hemp-derived CBD products in the United is expected to boost sales as well as enable them to grow significantly. Puration is scheduled to release an update to shareholders on December 20th on the company’s progress in line with its business plan. The update is expected to include the planned stock bonuses of Nouveau (USOTC: NOUV) to their stockholders following the recent incorporation of the company’s cannabis farming into NOUV. Similarly, their partner Kali, Inc. is expected to collaborate with Puration in producing formulation extract concentrates that are likely to boost the production of a range of sequestered CBD infused drinks and CBD products.