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What Is Puration Inc (OTCMKTS:PURA) Doing To Grow In California Market

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Puration Inc (OTCMKTS:PURA) reported the firm has a business deal ongoing that would open up legal recreational marijuana market in California for company’s extraction services. Legal recreation pot sales begin in California on January 1, 2018. Management is determined on putting company in the middle of the leading legal recreation pot market opportunities available.

The firm recently reported plans to have a cannabis infused drink set to launch in Canada together with the countrywide legalization of recreational pot projected in Canada in July 2018. Deloitte projects the market for legal pot in Canada could hit $8 billion. Fortune reported that the legal marijuana industry in California could touch $7 billion.

The details

Puration owns a licensed patented procedure for extracting cannabinoids from the cannabis crop. The firm is in talks to begin an extraction facility in California in association with an operator based in California. Currently, the firm markets and produces a Hemp Infused Sports beverage.

Puration launched EVERx Hemp Infused Sports drink earlier this year at Arnold Schwarzenegger’s Yearly Arnold Sports Festival, formerly known as the Arnold Classic in Columbus, Ohio. The event is host to increasing number of athletes as compared to the Olympics with more than 18,000 athletes and 70 sporting events.

EVERx Hemp Infused Sports drink was featured in September 2017 at Joe Weider’s Olympia Fitness & Performance Expo In Las Vegas. The offering is also now available at Drug Emporium. The firm recently reported adding Lemon Lime and Strawberry Kiwi flavors to its offering. EVERx has become a major brand name in the Cannabidiol infused market and one of the single Hemp infused offerings in the sports nutrition market.

In the last trading session, the stock price of Puration jumped more than 22% to close the day at $0.0354. The gains came at a share volume of 11.68 million compared to average share volume of 2.53 million.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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