New York, NY – July 25, 2018 - Puration, Inc. (PURA) candlestick analysis indicates very bullish with the company having recently reported an increase in sales from its cannabis infused beverage business:
“With increasing sales of the Company's EVERx CBD Infused Sports Water and the first sales coming out of the company's First Choice Nursery operation, Puration is on track to reach $1 million in annual sales in 2018. The company announced its first national distribution contract for EVERx in the first quarter of 2018.”
The company has also recently announced a pending spin-off of its cannabis cultivation operation and a dividend distribution of spin-off stock. Management has indicated the spin-off and corresponding dividend distribution is expected to be finalized shortly after Labor Day. Management also indicated a major update on the spin-off would be coming at the end of July. So, let’s look for a release from the company soon. With the bullish indicators in place, substantial news could ignite a dramatic climb sending PURA back to its $0.08 high range.
Other cannabis stocks making news include Potnetworks Holdings, Inc. (POTN), HEMP, Inc. (HEMP), Medical Marijuana, Inc. (MJNA).
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.