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PURA $1.5 Million Contract To Produce Private Labeled 25 mg CBD Beverage Moves Company Closer To 2019 $4 Million Revenue Target

PURA $1.5 Million Contract To Produce Private Labeled 25 mg CBD Beverage Moves Company Closer To 2019 $4 Million Revenue Target
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DALLAS, June 19, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE —  Puration, Inc. (USOTC: PURA) (”PURA”) management today emphasized that the $1.5 million contract to produce a 25 mg CBD beverage for which production initiated yesterday, represents new revenue on top of the company’s ongoing sales accounting for over $1 million in annualized revenue. 

The $1.5 million contract to produce the private label beverage is a major step toward PURA’s 2019 target of reaching $4 million in revenue.

With Kali-Extracts, Inc. (aka Kali, Inc.) (USOTC: KALY) (“KALY”) bringing their CBD extraction expertise based on the U.S. Patented Cannabis Extraction process that they own and operate, PURA has initiated production of a new beverage infused with 25 mg of hemp derived CBD. 

Most CBD infused beverages contain only 5 mg of CBD with a few containing 10 mg.  Beverages with 25 mg of CBD are hard to find.  PURA has been producing a CBD infused sports water infused with 10 mg of CBD since 2017.  PURA markets and sells the CBD sports water under the brand name EVERx and achieved over $1 million in sales in 2018.  PURA has the sole license of KALY’s U.S. Patented Cannabis Extraction Process.  PURA and KALY have partnered on the development of a CBD extraction that can support a clear and sustained suspension at the 25 mg level.  

As of today, the production of a 25 mg CBD beverage has been initiated for production at a Texas facility.  Texas Governor Greg Abbott signed a new law last week legalizing hemp and hemp-derived products.  The 25 mg CBD beverage is being produced in fulfillment of a $1.5 million contract where PURA is producing the beverage under a private label for a third party. 

PURA has in turn engaged KALY for its extract expertise.

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