Puration, Inc. (OTC Pink: PURA) is engaged in the design, development, production, and marketing of personal water purifying products. In addition, the company has moved into the cannabis extraction business. Shares of Puration, Inc. are rallying 37%, through early trading Thursday, November 3, 2016. Over the past three months, the company has seen average daily volume of nearly 3.9 million shares. However, nearly 8.81 million shares or dollar volume of $352,400, has already exchanged hands through early trading Thursday.
Shares of Puration, Inc. are rallying Thursday, after the company announced it would begin to ramp up operations in order “to deliver on current and anticipated cannabis extract orders” (Yahoo Finance). The cannabis extraction will then be utilized to develop cannabis-infused beverages and drinks. Two of cannabis drinks will be the EVERx CBD Infused Bottled Water and collaboration on another beverage. Here is the full press release detailing of the operation expansion:
Puration, Inc. Press Release:
DALLAS, TX / ACCESSWIRE / November 3, 2016 / Puration, Inc. (PURA) today announced ramping up operations to deliver on current and anticipated cannabis extract orders.
Puration recently announced two collaboration agreements in which Puration will deliver the cannabis extract to be infused into two separate beverage brands anticipated to have product on shelves next quarter.
In addition to the existing orders, Puration confirms a previous announcement of a third collaboration agreement is anticipated soon:
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