Puration Inc (OTCMKTS:PURA) has, over the recent years, witnessed a remarkable business performance. The business leader is pleased about the progress it has made so far in terms of product distribution coverage. Some of the areas it has been distributing its products include Europe, North America, and Africa. It says that soon it is going to take over South America, and this is going to be with a great impact.
A close outlook
In today’s update, it outlined that the purchase of a company situated in Latin America was almost coming to a close. This is a deal that will see PURA sell its leading products in the Latin American market. Analysts say that this market is a great opportunity for the company if it plays its cards right. The purchase deal comes to a close early next week, and the company says it is eying the right market in terms of potential. This was after it heard the estimates from analysts who said that by 2028, it would be hitting the $9 billion mark.
It was a short while back that PURA reconfirmed its earlier target revenue projections for 2019. It had outlined that it would manage to get about $4 million in terms of revenue by the time the year came to a close. It had also given a projection about the year 2020, placing the figure at $8 million.
Market observers have applauded the company for its move to close the European acquisition deal. The business will be bottling CBD beverages and selling them to consumers in the European market.
PURA has been undertaking a lot of business activities in Europe over recent years. One of them was the signing of a distribution deal for its EVERx CBD Sports Water. This company had, during the instance, declared its plan to sell more of its CBD infused beverages in the market later on. It says that this activity and others inspired it a huge deal to venture into this area. Its management says that time has come for them to now establish a local bottling capacity.
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