Puration, Inc. (OTC PINK: PURA) today announced EVERx CBD Sports Water team lead, Troy Suddarth, will be representing EVERx in the Europa Sports VIP Suite in the CityBlends’ display at JoeWeider’s Olympia Fitness and Performance Expo In Las Vegas this weekend, September 13-16. Troy is the founder of the Fit House Cafe, and American Fitness Wholesalers Midwest, and a long-time strategic partner and shareholder of Puration and North American Cannabis Holdings, Inc. (OTC PINK: USMJ).
Puration entered the cannabis beverage category last year introducing its EVERx CBD Infused Water into the sports nutrition market place. The company recently announced a 600% increase in revenue since the introduction of EVERx. Puration is organically developing new cannabis beverages in addition to pursing the acquisition of existing cannabis beverages. The first acquisition is targeted for completion before the end of the year. The company launched a new website this week with more details on the current brand and region expansion plans: www.purationinc.com.
As part of the concentration on the cannabis beverage business, Puration is spinning off its cannabis cultivation business in a transaction that includes the issuance of spinoff stock to all the shareholders of Puration. Puration shareholders will receive stock in the cannabis cultivation spinoff in addition to maintaining their Puration shares. The cultivation spinoff transaction is well underway. More news on the spinoff is coming soon.
Puration itself is a spinoff from North American Cannabis Holdings (“USMJ”). Puration is following a similar transaction structure to the one exercised by USMJ in its spinoff of Puration. USMJ is also restructuring its cannabis business operations at this time and executing a spinoff of its own with plans to issue a spinoff dividend to USMJ shareholders. USMJ also launched a new website this week with more details on its restructuring plans: www.growusmj.com.
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For more information on EVERx, visit https://www.drinkeverx.com/
For more information on Puration, visit http://www.purationinc.com
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. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.