PURA expects higher profit margins from EVERx CBD

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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

Warning:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements to be affected, or industry results, to differ materially from these statements. You are cautioned not to place undue reliance on these forward-looking statements. Except as required by federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this press release. None of these forward-looking statements should be taken as a representation by us or anyone else that the objectives and plans set forth in this press release will be achieved or executed.

For more information contact:
Purification, Inc.
Brian Shibley,
[email protected]
(800) 861-1350

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