What’s Next for Puration Inc (OTCMKTS:PURA)

What’s Next for Puration Inc (OTCMKTS:PURA)

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One of the most explosive plays in the cannabis-related space that remains well above its September levels is Puration Inc (OTCMKTS:PURA). The stock is a player in the cannabis-infused beverage space that recently disclosed some talks with major beverage companies, including a player in the Coca-Cola corporate food chain. That theme has further developed, and now the company just announced that its EVERx CBD Sports Water will be available for purchase online soon.

According to the release, “The online shopping site will include an option to purchase EVERx with cryptocurrency. The online sales will augment the current availability of EVERx at retail outlets. The company recently announced updating the EVERx packaging to include a new EVERx logo and labels.” Shares of the stock have been consolidating around a VWAP in the $0.12 area.

Puration Inc (OTCMKTS:PURA) bills itself as a company that engages in the design, development, production, marketing, and distribution of personal or individual water purification products.

The company’s personal water filtration systems include personal water filter bottles, sports bottles, collapsible water pouches, portable purification devices, portable biological filtration devices, replacement filters, and travel filters. Its products also include water filter pitchers, canteens, shower head filters, water filter pumps, and air-to-water machines.

Puration Inc. sells its products under the Filter 2GO brand. The company was founded in 2011 and is headquartered in Dallas, Texas.

Company materials note that Puration, Inc. is a leading Texas-based, CBD-infused beverage provider. The Company’s flagship product, EVERx, which was introduced in 2017, targets the sports nutrition market. Puration plans to introduce new beverages as well as grow it product portfolio organically as well as through targeted acquisitions. As of October 2018, the Company was set to spin off its cannabis cultivation segment to focus its efforts exclusively on its high-growth core CBD-infused beverage business.

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As noted above, PURA just announced that its EVERx CBD Sports Water will be available for purchase online soon. In all, we’ve witnessed about 110% piled on for shareholders of the listing during the trailing month. In addition, the listing has registered increased average transaction volume recently, with the past month seeing exceeding 420% beyond what we have been seeing over the larger time frame.

According to the company’s most recent press release, “The new packaging will also include a 4-pack configuration of EVERx bottles permitting for easier and more affordable shipping in fulfillment of online sales. The online EVERx sales site will be powered by the North American Cannabis Holdings, Inc. (USOTC:USMJ) new ecommerce engine. USMJ recently announced plans to launch a comprehensive, Amazon-of-the-cannabis-industry, ecommerce site. The introduction of EVERx sales online is planned as the introduction of USMJ’s new ecommerce functionality. USMJ plans to introduce a comprehensive line of cannabis sector products shortly thereafter.”

At this time, carrying a capital value in the market of $6.15M, PURA has a chunk ($150K) of cash on the books, which is balanced by about $929K in total current liabilities. PURA is pulling in trailing 12-month revenues of $768K. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at 2.6%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $PURA 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 $PURA, either long or short, and we have not been compensated for this article.

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