In the category of recent OTC explosions to the upside, Pura Naturals Inc (OTCMKTS:PNAT) is a natural fit. The stock took flight on Tuesday to the tune of about 335% all told. The catalyst was a biggie from a cursory perspective, as the company announced that its Grease Beast branded products have been approved for sale over the HomeDepot.com platform.
According to the release, “Among several recent advancements, the Company’s Grease Beast products have now expanded further by recently winning approval to be sold over the HomeDepot.com platform throughout the United States. The company expects the Grease Beast branded products to be live on HomeDepot.com in early October 2018. Sales of the Grease Beast brand of products are managed by Jim Breech, Vice President of Sales, who has more than 30 years of sales experience in the consumer package industry. Jim has a proven track record of growing sales revenues from zero to multi-billions over his successful career, selling brands such as Sakrete Cement Mixes, Oldcastle® Building Products, Oldcastle® Lawn & Garden, and Belgard Hardscapes.”
Pura Naturals Inc (OTCMKTS:PNAT) frames itself as a company that primarily engages in the marketing and sale of cleaning, health, beauty, and marine products in the United States.
It operates through four segments: Health, Consumer, Marine, and Oil Spill Prevention. The company offers bath and body line products, and kitchen and household sponges that absorb oil, grease, and grime, as well as remove impurities from skin; and products for fishing and boating, spas and pools, pet care, infant care, and industrial use.
In addition, it develops environmentally sustainable oil spill prevention products and solutions for marine oil transport, oil refining, and trucking industries; and plant-based foam products to the recreational boating and fishing industries. Pura Naturals, Inc. sells its products through direct sales, retailers, brokers, and distributors to wholesalers and mass merchandisers, as well as through Internet; and operates retail stores.
The company offers its products under the Pura Naturals brand name. Pura Naturals, Inc. was founded in 2013 and is headquartered in Lake Forest, California.
According to company materials, “Pura Naturals has a household cleaning product that absorbs grease and grime while delivering unique soap infusion without harmful chemicals or the bacteria buildup common with typical sponge products. Pura Naturals’ foam technology was developed in response to the gulf oil spill. The revolutionary foam absorbs grease while repelling water and inhibiting bacteria growth and odors. The earth-conscious company prides itself on its plant-based products made from renewable resources with no petroleum by-products. Pura Naturals products are sold at CVS Pharmacy, Ingles Markets, Kroger, Meijer, Sprouts Farmers Market, Target, Walmart and Whole Foods Market nationwide.”
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As noted above, the company just announced that a major product line will now be available on HomeDepot.com. The stock took off in response, with shares moving sharply higher on a huge surge in volume.
Mr. Breech noted, “I have never seen a product line similar to the Grease Beast that has been as well received in such a short period of time. I am very pleased with the pace of acceptance. Having now been approved for sale nationwide on HomeDepot.com, in such a short period of time, that approval marks another significant milestone in my immediate plan and vision to have Grease Beast become a top brand among the largest cleaning product companies in the world.”
Currently trading at a market capitalization of $1.7M, PNAT has virtually no cash on the books, which compares with virtually no total current liabilities. The company is pre-revenue at this point. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $PNAT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $PNAT, either long or short, and we have not been compensated for this article.