{"id":41356,"date":"2019-04-24T15:58:59","date_gmt":"2019-04-24T19:58:59","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=41356"},"modified":"2019-05-20T14:18:12","modified_gmt":"2019-05-20T18:18:12","slug":"puration-gives-kali-extracts-props-for-role-in-reaching-1-million-milestone","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/puration-gives-kali-extracts-props-for-role-in-reaching-1-million-milestone-41356","title":{"rendered":"Puration Gives Kali-Extracts Props for Role in Reaching $1 Million Milestone"},"content":{"rendered":"\nOn April 16, Puration (OTCPK:PURA) announced topping the $1.0 million mark in revenue for 2018, reporting $1.2 million in sales and more than $500,000 in net profit. &nbsp;In providing some insight to the year and outlook going forward, the Texas-based maker of cannabis beverages this week took a moment to recognize Kali-Extracts (OTCPK:KALY), the company that licenses Puration the patented cannabis extraction process used in infusing its drinks.<br>\n\n\n\nPuration also spoke of its other public partners that are aiding in keeping up with \u2013 and increasing \u2013 demand for its cannabis waters.<br>\n\n\n\nThe cannabis-infused beverage industry is still in its infancy, but attracting large investments. &nbsp;These have included Constellation Brands (NYSE: STZ) pouring $4 billion into cannabis-producer Canopy Growth Corp. (NYSE: CGC)(TSX: WEED), Molson-Coors (NYSE: TAP) partnering with Hexo (NYSE American: HEXO)(TSX:HEXO) and Heineken (Euronext: HEIA), amongst others, entering the space.<br>\n\n\n\nPuration chief executive Brian Shibley said that the Kali-Extract technology \u201cempowered PURA to have what we believe to be the most clear CBD infused beverage on the market with the best taste and most consistent level of CBD.\u201d<br>\n\n\n\nCBD is an acronym for cannabidiol, a constituent of cannabis and hemp heralded for its therapeutic benefits without delivering any of the \u201chigh\u201d commonly associated with marijuana. &nbsp;The psychotropic buzz is the result of ingesting THC (tetrahydrocannabinol), a different component of cannabis (and one that is absent in hemp).<br>\n\n\n\nPuration, the sole licensee of Kali\u2019s process, trumpets its drinks as having a higher CBD concentration than competitors. &nbsp;Sales kicked off about two years ago, with the launch of its flagship beverage, EVERx CBD Sports Water, in 2017.  2018 sales were up 350% from 2017. &nbsp;Puration has since added to the product line, now offering EVERx CBD Sports Water in several flavors, including unflavored, strawberry-kiwi, lemon-lime.<br>\n\n\n\nThe company is running pilot sales and marketing programs to introduce new cannabis-infused beverages to consumers. &nbsp;Investors are looking ahead for a jump in sales following Puration setting a 2019 sales goal of $5.0 million, which is supported by a recent order in excess of $1.5 million to produce a private label CBD water and expansion into Europe.<br>\n\n\n\nKali is not the only publicly-listed company working with Puration. &nbsp;The company is working with its co-packer partner Alkame Holdings (OTCPK: ALKM) to increase production capacity to meet growing demand, an area that the PURA has admittedly faced constraints. &nbsp;Further, Puration is collaborating with North American Cannabis Holdings (OTCPK: USMJ), the operator of the cannabis e-commerce site usmj.com, to update distribution channels to keep up with retail and wholesale orders. &nbsp;<br>\n\n\n\nPuration and North American Cannabis Holdings are sister companies, sharing ACI Conglomerated as the majority shareholder in each.<br>\n\n\n\nElsewhere, Puration in the fourth quarter of 2018 sold its cannabis cultivation subsidiary to Nouveau (OTCPK: NOUV), for which PURA shareholders are to receive a dividend in the form of NOUV stock.<br>\n\n\n\nThe relationship with USMJ goes further than just the online sales platform. \u00a0This is owing to relationships of USMJ via the sale of its AmeriCanna Caf\u00e9 Restaurant business in Q4 2018. \u00a0Ultimately, West Coast Ventures Group (OTCQB: WCVC), the owner and operator of six restaurants in the Denver area under the Illegal Burger and El Senor Sol monikers, and USMJ have partnered for a roll-out of a pilot cannabis-themed restaurant. \u00a0Puration\u2019s EVERx drinks are now being offered at Illegal Burger.\n\n\n\nDisclaimer: Please note WallStreetPR.com has not been compensated for publishing this post. This post was created by the author mentioned below. WallStreetPR.com hold no guarantee that the content is true. Please conduct your own due diligence. <br>\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>On April 16, Puration (OTCPK:PURA) announced topping the $1.0 million mark in revenue for 2018, reporting $1.2 million in sales and more than $500,000 in [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":41125,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[13523,13522,13518,13517,13516,13519,13521,13520],"stock_ticker":[],"class_list":["post-41356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-heia","tag-hexo","tag-kaly","tag-pura","tag-puration-otcpkpura","tag-stz","tag-tap","tag-weed","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Puration Gives Kali-Extracts Props for Role in Reaching $1 Million Milestone - Wall Street 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