Puration, Inc. (PURA) reported over $3 million in revenue for the trailing 12 months, with 48% YTD sales growth totaling $1.6 million in Q2 2020. The company is actively pursuing acquisitions to expand into a potential $500 billion market, targeting CBD-infused products. A 1 for 1 stock dividend is anticipated for shareholders following the sale of its cannabis cultivation operation, and a surprise additional dividend may arise from potential water purification technology sales. PURA's ongoing initiatives aim to unify branding across multiple sectors.
Puration, Inc. (USOTC: PURA) will release an earnings update on August 25, 2020, highlighting year-to-date performance post-Q2 2020 report. The update will also cover ongoing acquisitions to enhance CBD product distribution and details on a dividend resulting from the sale of its cannabis cultivation operation to PAO Group, Inc. PURA reported $1.6 million in YTD sales, a 48% increase from $1.1 million in the prior year, driven by strong demand for EVERx CBD Sports Water amidst COVID-19.