PURA Anticipates Revenue Boost From USMJ Cannabis Ecommerce Expansion
Puration, Inc. (OTC Pink: PURA) anticipates a revenue increase stemming from North American Cannabis Holding’s (OTC Pink: USMJ) recent Cannabis Ecommerce Expansion.
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Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Puration, Inc. (OTC Pink: PURA) anticipates a revenue increase stemming from North American Cannabis Holding’s (OTC Pink: USMJ) recent Cannabis Ecommerce Expansion. PURA has sold its EVERx CBD Sports Fitness Beverage line to USMJ, establishing a royalty agreement. EVERx, a top CBD beverage in the sports nutrition sector, will boost sales through USMJ's expanded ecommerce site. PURA expects to generate $1 million in revenue, with a potential rise to $10 million, bolstered by its co-op partners. The company aims to enhance market awareness of hemp through its Farmersville Hemp initiative.
Positive
- Expected revenue increase from USMJ's cannabis ecommerce expansion.
- Potential revenue growth from $1 million to $10 million in 2022 due to co-op partners.
- Sale of EVERx to USMJ establishes a royalty income stream.
Negative
- None.
Details
News Market Reaction – PURA
The recorded move for PURA in the trading session of this news was +3.03%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dallas, TX, Feb. 04, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today announced the company anticipates a revenue boost from North American Cannabis Holding’s (OTC Pink: USMJ) recently announced Cannabis Ecommerce Expansion.
PURA recently sold its EVERx CBD Sports Fitness Beverage line to USMJ in exchange for a royalty agreement. EVERx is available for sale on USMJ’s ecommerce site, www.USMJ.com. EVERx is a leading CBD beverage within the sports nutrition market. USMJ’s cannabis ecommerce expansion is expected to boost EVERx sales and in turn, royalty payments to PURA.
PURA anticipates generating
PURA sold EVERx to USMJ last year to begin focusing on its recently launched co-op of hemp growers and processors to raise market awareness around the multitude of yet to be realized uses of hemp and build a brand name to benefit all co-op participants under the name Farmersville Hemp.
PURA recently published a 2022 strategic overview detailing the company’s plan to grow revenue and increase shareholder value by driving market wide demand for the “multitude of yet to be realized uses of hemp.”
For more information on Puration, visit http://www.purationinc.com
Disclaimer:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
For More Information Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350
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