Puration Inc (OTCMKTS:PURA) Pursues Acquisition Of Smaller Cannabis Infusion Companies

Puration Inc (OTCMKTS:PURA) Pursues Acquisition Of Smaller Cannabis Infusion Companies: Puration Plans To Acquire CBD Confections Business

February 4, 2020 -- InvestorsHub NewsWire -- via Jason Abbott -- 

Facts About CBD/PURA - February 4, 2020
By Jason Abbott


 

Puration Inc (OTCMKTS:PURA) is planning to take over smaller cannabis infusion companies to solidify its position in the cannabis space. According to several cannabis investment market analysts, larger cannabis companies will acquire smaller cannabis firms to enjoy the market opportunity.

Puration possesses resources and expertise

Puration possesses resources and expertise in infusing cannabis into beverages. The company is planning for capacity expansion to include food infusion. It is now planning to acquire the CBD confections business of Kaly Extracts. According to recent revelations, Puration is scouting for additional acquisitions.

The product line of Puration

Puration’s product line consists of EVERx CBD Sports Water. The company distributes EVERx CBD Sports Water in Africa, Latin America, and Europe, and the US.

Strategy to succeed in the long-term

According to analyst reports, the enterprises engaged in the cannabis space are running short of capital. The cannabis sector is struggling to mobilize funds for new investments. Puration has outlined its strategy for success in the long-term in the cannabis market after taking stock of the recent analyst reports.

Puration management is of the view to start small, gain expertise through learning, and expand and repeat the same for long term success. According to Puration, production issues at Canopy Growth have delayed the planned launch of beverages. Puration has adopted a strategy to begin, learn, and adapt in the production of EVERx Sports Water. It is this strategy helping Puration to lead in the beverages sector.

Brian Shibley, Chief Executive Officer of Puration, said first-mover advantage may not go hand in hand if you go big. Going big into a new field means anticipating failures. It is prudent to invest small and keep some funds in hand to fix unforeseen problems in the new business. The new enterprises face problems such as production problems, market receptivity, and local problems. Therefore, step in small, learn, adapt, and move ahead to achieve success.

Puration has experienced shelf-life problems for its beverages. Also, it learned from the market that many people do not like flavors. The company has modified the formula and the flavors ratio. Puration is now knowledgeable and understands that they do not suffer from financial liabilities when it started on a small scale. The company considers this approach in all its future endeavors to achieve success.

Facts About CBD has also recently published articles on Medical Marijuana, Inc. (MJNA), Green Leaf Holdings, Inc. (GLDFF) and Marijuana Company of America (MCOA).

 

SOURCE: Jason Abbott