DETROIT, November 22, 2018 (PENNYSTOCKS.NEWS) – North American Cannabis Holdings, Inc. (USOTC: USMJ) released their filings two days ago, it is their first quarterly financial report for the period ended September 30th, 2018. The company has shown to increase 12% in revenue for the same period last year. They went from $200,000 to $225,000. USMJ is focused on their online business model, evolving into a profitable business in the cannabis sector regarding e-commerce. $USMJ has been in the news with $PURA for selling the company; ‘Telluride Health Company,’ a company that sells CBD-infused hookah water named ‘Happy Water.’
Puration Inc. released a press release phew days ago announcing that they are going to ship their first products of EVERx CBD Infused water with newly designed labels. EVERx CBD infused water is one of the company’s flagship products. Puration Inc. also released their filings stating that their revenues grew up to 400% from $448,000 to $868,300. The growth seems to continue as we know that the CBD beverage is gaining its popularity among the consumers.
Recently, a smallcap research company has announced that $PURA – Puration Inc. received a price target of $0.25 as their calculations and expectations for this company has risen. According to the Hemp Business Journal, the CBD beverage market is about to grow from $800 million up to almost $2 billion. That is nine zeros after the number 2. Puration Inc. has set its strategy to gain a decent market share into this new market with their strategic acquisitions and products.
Puration Inc. announced a powerful financial report as you just had read and the future financial statements are looking promising. The prices that $PURA today could be an excellent entry level for new investors to jump in and join the CBD hype to bet on this smart company. If they continue to keep their operations in the right direction, making more sales and acquisition, the possibility to attain the price target of $0.25 could be realistic.
If you have read my article posted before on www.pennystocks.news, Puration Inc. has announced to give out the stock dividend to its shareholders. Puration Inc. has announced that for every five shares a $PURA shareholder holds, he will receive one $NOUV common share. They believe to distribute the shares around the beginning of the new year, giving the shareholders their deserved dividend as they not only care for the company themselves, but also for any shareholder that made this company stand here it is right now.
Conclusion, Puration Inc. is one of the phew CBD infused beverage company that is getting loads of attention as a penny stock, but if this growth continues, we might expect some uplisting news, of course, we never know if that is going to happen but as my opinion how I look to it. If they do not mess up anything and keep playing the strategic chess game to gain revenues. We have a lot to expect for from this company. We expect that the revenues will grow to $3 million with $800.000 profit.
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