Business
PURA Credits Kali-Extracts (USOTC: KALY) Instrumental Role In Cannabis Beverage Sales Growth
PURA Credits Kali-Extracts (USOTC: KALY) Instrumental Role In Cannabis Beverage Sales Growth.
About this update from Kali Inc
[{"type":"text","content":"\nDALLAS, April 24, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Puration, Inc. (USOTC: PURA) (“PURA”) today issued a statement crediting Kali-Extracts (USOTC: KALY) role in PURA’s cannabis beverage sales growth to date and going forward.  PURA yesterday released a management presentation offering detail and insight into the company’s recently published 2018 financial statement and plans for ongoing growth in 2019.  In its 2018 financial statement, the company reported over $1.2 million in revenue for year-end December 31, 2018 with over $500,000 in net profit.  The 2018 revenue grew 350% compared to 2017.  The company’s primary business is producing cannabis beverages.  PURA has licensed KALY’s patented cannabis extraction processes as the sole licensee for cannabis infused beverages. “The KALY patented extraction process has empowered PURA to have what we believe to be the most clear CBD infused beverage on the market with the best taste and the most consistent level of CBD,” said PURA CEO Brian Shibley. “Working closely with KALY today is enabling us to rapidly diversify our cannabis sector beverage offerings and we expect this diversification to substantially contribute to continued rapid sales growth in 2019.”  The management presentation regarding PURA’s 2018 growth and plans for 2019 is included in its entirety below:\n Puration Overview PURA is the sole licensee of a patented cannabis extraction process for the purposes of infusing cannabis extracts into beverages.  The company introduced its first beverage, EVERx CBD Sports Water, in 2017. The company has since introduced additional cannabis sector beverages and initiated pilot sales and marketing programs.  The 2018 financial statement represents a major achievement with PURA realizing over $1 million in sales.  The company reported over $1.2 million in revenue for year-end December 31, 2018 with over $500,000 in net profit. 2019 Cannabis Beverage Sales Outlook In addition to its ongoing and growing sales of EVERx CBD Sports Water, PURA has recently announced an order worth over $1.5 million to produce a private labeled CBD water.  PURA has worked with the owner of the patented extraction process which PURA has licensed for producing cannabis infused bever...