Dallas, Texas, March 03, 2022 (GLOBE NEWSWIRE) — Puration, Inc. (OTC Pink: PURA) today announced that the company expects gross profit margins from EVERx CBD Sports Nutrition beverage sales to increase.
Last year, PURA sold EVERx to its sister company, North American Cannabis Holdings, Inc, (OTC Pink: USMJ) in exchange for a royalty agreement. The sale was made in conjunction with the refocusing of PURA’s business and the introduction of its Farmersville hemp brand strategy to bring industrial hemp solutions to market.
The USMJ updated the formula and packaging for EVERx and is relaunching EVERx this week at Arnold Sports FestivalI March 4-6, 2022, in Columbus, Ohio.
PURA will generate revenue from sales of USMJ’s EVERx through royalty payments. PURA has no expenses related to the production of EVERx. Royalty payments will therefore be high-margin revenue.
PURA is now generating revenue after revamping its business and entering the industrial hemp market. PURA’s business model targets hemp education revenue, co-op sales, and partnership revenue. PURA is targeting a minimum of $1 million in revenue in 2022 with a stretch revenue target of $10 million. EVERx royalty payments contribute to PURA’s extended revenue goal.
Read the latest full company report update on PURA’s Farmersville hemp brand rollout.
For more information on Purification, visit http://www.purificationinc.com
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