New York, NY – October 1, 2018 - Puration, Inc. (PURA) saw its PPS increase over 50% on Friday trading over $3 million in trading volume. The jump in price and volume was triggered by the DEA select reclassification of CBD and the overall cannabis market interest in cannabis infused beverages. PURA’s EVERx CBD Infused Sports Water has been on the market for well over a year and reported a 600% increase in sales. PURA’s PPS performance bested India Globalization Capital, Inc. (NYSE: IGC) and New Age Beverage Corp (NASDAQ: NBEV) which realized 27% and 32 % gain respectively. Only PURA has a beverage on the market. IGC and NBEV have products “coming soon.” PURA’s first to market and PPS performance are overlooked by the financial industry media being an OTC stock, but clearly PURA is worth keeping an eye on. IGC and NBEV were both featured for their Friday performance by Barron’s. PURA is probably being eyed by companies like IGC and NBEV as a potential acquisition target if not being approached by beverage industry brand names.
PURA is a spinoff of another cannabis sector top performer, North American Cannabis Holdings, Inc. (USOTC: USMJ), another stock worth watching. Learn more at www.growusmj.com.
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.