Management indicates that it has projects in the works that could result in PURA substantially exceeding its targets.
DALLAS, May 21, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Puration, Inc. (USOTC: PURA) today announced filing its 2019 Q1 financial report.
The first quarter report demonstrates sales consistent with the company’s 2018 annual revenue run rate which resulted in the company realizing over $1.2 million in total revenue in 2018. PURA’s revenue grew over 350% in 2018 compared to 2017. In addition to the PURA’s base sales reported in the first quarter derived primarily from the sale of the company’s cornerstone product, EVERx CBD Sports Water, PURA has signed an additional $1.5 million order for a private label CBD infused water. In consideration of the consistent base sales supporting over a $1 million annual revenue run rate, combined with the new $1.5 million private label CBD Infused water, and adding in a conservative growth rate, PURA management is now targeting $3 million in sales from CBD beverages alone.
Management is targeting an additional $1 million in sales from new cannabis beverage sales the company is currently in the process of launching. The overall basic sales target for 2019 is $4 million. Management indicates that it has projects in the works that could result in PURA substantially exceeding its targets.
PURA Shareholder Dividend