PURA Expects Increased Profit Margins From EVERx CBD Beverage Sales Relaunched This Week At Arnold Schwarzenegger Arnold Sports Festival
Puration, Inc. (OTC Pink: PURA) anticipates increased gross profit margins from sales of EVERx CBD Sports Nutrition Beverage.
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Rhea-AI Summary
Puration, Inc. (OTC Pink: PURA) anticipates increased gross profit margins from sales of EVERx CBD Sports Nutrition Beverage. The company sold EVERx to its sister company, North American Cannabis Holdings, Inc. (OTC Pink: USMJ), and will earn revenue through a royalty agreement without incurring production expenses, resulting in high-margin revenue. PURA aims to achieve $1 million in revenue for 2022 with a target of $10 million. The updated EVERx formula is set to relaunch at the Arnold Sports Festival on March 4-6, 2022.
Positive
- PURA expects increased gross profit margins from EVERx sales due to high-margin royalty payments.
- The company has no production expenses associated with EVERx, enhancing profit potential.
- Revenue generation from the new business strategy targets a minimum of $1 million for 2022 with a stretch goal of $10 million.
Negative
- None.
Details
News Market Reaction – PURA
The recorded move for PURA in the trading session of this news was -3.96%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dallas, Texas, March 03, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today announced the company expects increased gross profit margins from EVERx CBD Sports Nutrition Beverage Sales.
Last year, PURA sold EVERx to its sister company, North American Cannabis Holdings, Inc, (OTC Pink: USMJ) in exchange for a royalty agreement. The sale was made in conjunction with PURA’s business refocusing and introduction of its Farmersville Hemp Brand strategy to usher industrial hemp solutions into the market.
USMJ has updated the EVERx formula and packaging and is now relaunching EVERx this week at the Arnold Sports Festival March 4-6, 2022, in Columbus, Ohio.
PURA will generate revenue from USMJ’s EVERx sales through royalty payments. PURA has no expenses in conjunction with the production of EVERx. Royalty payments will therefore be high margin revenue.
PURA is now generating revenue now after retooling its business and entering the industrial hemp market. PURA’s business model pursues revenue from hemp education, co-op sales, and partnership revenue. PURA is targeting a minimum of
Read the company’s latest comprehensive update on PURA’s Farmersville Hemp Brand rollout.
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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