$PURA - Puration Inc Prepares For Explosive Cannabis Infused Food And Beverage Segment Growth Within $140 Billion Market
27 July 2018 - 1:04AM
InvestorsHub NewsWire
$PURA - Puration Inc Prepares For
Explosive Cannabis Infused Food And Beverage Segment Growth Within
$140 Billion Market
Dallas, TX -- July 26, 2018 -- InvestorsHub
NewsWire -- Puration, Inc. (USOTC:
PURA) today announced plans to publish new details Tuesday,
July 31st on the company’s continuing reorganization
strategy to consolidate and redouble all resources on its proven
cannabis infused beverage business currently on track to realize an
estimated $1 million in sales this year. The legal global
cannabis market could reach $140 billion dollars by 2027
according analysis by European investment bank Bryan, Garnier &
Co. The report also highlights the economic potential of
cannabis-infused beverages. Cannabis-infused foods and
beverages are cannabis products that comprise of cannabinoid
compounds such as cannabidiol (CBD) and tetrahydrocannabinol (THC).
Market research firm Technavio predicts that the cannabis-infused
food and beverage products market will register a CAGR of more than
25% from 2018 to 2022. Research firm Cowen & Co. reports
U.S. legal cannabis industry sales growth is on track to surpass
soda sales by 2030. The Cowen & Co. analyst also
highlights the marijuana industry risk to alcohol companies as
binge drinking rates declined in states with legal recreational
marijuana. Global alcohol companies are taking note.
Global alcohol giant Constellation Brands (Corona Beer, among
others) purchased a 9.9% stake in Canada’s largest licensed
producer, Canopy Growth (NYSE:
CGC), for 245 million Canadian dollars (US$190 million),
plus options to raise its stake to just under 20%. Puration
management is preparing the company for the cannabis infused food
and beverage market boom.
Puration introduced EVERx CBD
Infused Sports Water last year, in 2017 at Arnold
Schwarzenegger's Arnold Sports Festival. EVERx has since
become the leading CBD infused beverage in the sports and fitness
marketplace. EVERx CBD Infused Sports Water has a clean and
refreshing taste that comes with 10mg of CBD per 500ml bottle and
an optimal alkaline pH level formulated with antioxidants and
electrolytes. The EVERx formula is backed by two
patents. In addition to the clean and refreshing taste of
EVERx natural water, EVERx is available in lemon-lime and
strawberry-kiwi flavors. The company has its first THC
infused beverage, called THCSavor, in the works with an anticipated
launch later this year.
The
company has recently announced plans to spin-off its cannabis
cultivation business in an effort to concentrate all Puration
resources on its proven cannabis infused beverage business.
The spin-off and beverage industry concentration is intended to
optimize the shareholder opportunity to capture the booming
cannabis infused food and beverage market to include any
opportunity that might arise from the growing interest of global
food and beverage industry giants like Constellation Brands.
Management has designed the spin-off to benefit both the cannabis
infused business operations and the cannabis cultivation
operations. The spin-off of the cannabis cultivation
operation is not a discarding of excess weight, but rather a divide
and conquer strategy. Standalone beverage and cultivation
operations will be better situated to rapidly expand within their
separate segments. The shareholders of Puration will hold
shares in both the beverage and the cultivation businesses.
The spin off plan includes a dividend distribution of stock in the
cultivation business to the shareholders of Puration. More
details on the spin-off plan are available on the company’s
website now. Next week, on Tuesday, July 31st,
the company will publish additional details on the ongoing spin-off
and redoubling of resources on the cannabis infused beverage
business.
Puration is a sister company of North American Cannabis Holdings,
Inc. (USOTC:
USMJ). USMJ is pursing a cannabis food and beverage
industry reorganization in parallel with Puration and anticipates a
similiar release next week with new detials on its own
progress.
For more information
on Puration, visit https://www.aciconglomerated.com/pura.
For more information on USMJ, vist https://www.aciconglomerated.com/usmj.
Disclaimer/Safe
Harbor:
This news release
contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur. These statements have not been evaluated by the Food and
Drug Administration. These products are not intended to diagnose,
treat, cure, or prevent any disease.
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
+1-800-861-1350
Puration (CE) (USOTC:PURA)
Historical Stock Chart
From Apr 2024 to May 2024
Puration (CE) (USOTC:PURA)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Puration Inc (CE) (OTCMarkets): 0 recent articles
More Puration Inc. (PC) News Articles