New York, NY – Sep 5, 2018 - Puration, Inc. (PURA) released news yesterday highlighting a 594% increase in revenue in the 2nd QTR of 2018 compared to the same period for the previous year to include a $194k profit compared to a $100k loss compared to the same period for the previous year. The news was released mid-session and the PPS responded positively increasing nearly 30% on volume three times higher than the recent average. The $0.035 closing on 6.5 million shares traded is above both the 50 and 200 day moving averages. The PPS earlier this year reached a high of $0.08 and current indications signal a strong potential to see the PPS reach previous highs. With Canadian marijuana legalization going into effect on October 17th, and PURA having recently entered the Canadian market, the PPS could be supported by an overall market enthusiasm carrying the PPS past previous highs. Given PURA’s success selling its EVERx CBD Infused beverage in liquor stores and the recent alcohol sector interest in cannabis highlighted by Corona Beer parent Constellation Brands investing $4 billion in the cannabis sector, the PURA PPS could deliver a tidy holiday bonus to shareholders.
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Other Marijuana stocks making news include Potnetworks Holdings, Inc. (POTN), HEMP, Inc. (HEMP), Cannabis Science, Inc. (CBIS).
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.