Business
PURA - Puration 2018 Sales Exceed $1 Million Goal With 2019 Goal Set At $5 Million and NOUV Dividend Coming Sooner Than Planned
PURA - Puration 2018 Sales Exceed $1 Million Goal With 2019 Goal Set At $5 Million and NOUV Dividend Coming Sooner Than Planned.
About this update from Kali Inc
[{"type":"text","content":"\nDALLAS, Dec. 20, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE --  Puration, Inc. (USOTC: PURA) (“PURA”) today released an online shareholder update that includes details on the company’s progress toward 2018 sales goals and an outlook on 2019 sales. The update also includes new information on previously announced plans to issue a dividend of Nouveau Life Pharmaceuticals, (USOTC: NOUV) (“NOUV”) stock to PURA shareholders that will speed up the issuance in addition to, management believes, improving the overall value of the dividend. Management also includes in the update highlights of business developments with US Cannabis Health partners NOUV and Kali-Extracts (USOTC: KALY). The narrative of the update can be found below in addition to finding the full update on the company’s website at www.purationinc.com.\n 2018 $1 Million Sales Goal Driven primarily by the growing market penetration of our first cannabis sector beverage, EVERx CBD Sports Water, PURA has well exceeded its $1 million 2018 sales goal. In addition to throughput increasing within existing channels, EVERx is now enjoying regional expansion. PURA has recently announced new distributors in new areas around the U.S., and anticipates soon announcing its first international distribution agreements. The recent addition of Telluride Happy Water to the PURA product line has also contributed to sales growth. PURA just announced a 100-pallet order that included a strategic marketing campaign in partnership with the Austin, Texas based distributor. We met this week to plan the marketing campaign and we are very excited to roll the program out starting in January. The recent $1 million agreement with Generex Biotechnology, Corp. (OTCQB) to produce private label CBD infused water is a major contribution to 2019 sales. We reasonably believe we can anticipate our current channels to at least produce the same $1 million in sales in 2019 that came from those channels this year. Now add to that the Generex $1 million agreement and we are already on track to double sales in 2019. However, we except our existing channels to expand sales and we are on track with establishing new channels. So, we are optimistic that $3 million in sales next year is a reasonable goal and we’re even setting a stretch goal of $5 million in sales with the additio...