PURA Anticipates Revenue Boost From USMJ Cannabis Ecommerce Expansion

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.

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 $1 million in revenue in 2022 with the potential to reach $10 million in revenue this year.  The $10 million revenue opportunity is enhanced by the progress of PURA’s co-op partners like USMJ.

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

FAQ

What is Puration's revenue forecast for 2022?

Puration anticipates generating $1 million in revenue, with the potential to reach $10 million in 2022.

How has PURA partnered with USMJ?

PURA has sold its EVERx CBD Sports Fitness Beverage line to USMJ, creating a royalty agreement that is expected to boost sales.

What is the significance of USMJ's ecommerce expansion for PURA?

The ecommerce expansion by USMJ is expected to enhance EVERx sales, resulting in increased royalty payments to PURA.

What is the Farmersville Hemp initiative?

The Farmersville Hemp initiative aims to raise market awareness around the uses of hemp and support co-op participants.