Wall Street Signals: PURA Water Purification Technology Available on Amazon Could Be Source of Additional Dividend

PURA Water Purification Technology Available on Amazon Could Be Source of Additional Dividend

 

Puration, Inc. (OTC Pink: PURA) today announced a potential deal in the works to sell the company's water purification technology.


Prior to entering into the cannabis marketplace with the acquisition of patented cannabis extraction process licenses, PURA worked in the development of proprietary water purification technologies. In fact, PURA's legacy personal water purification product, Filter2Go remains for sale online to include distribution through Amazon.com.

Recently, PURA has been approached by a party looking to acquire PURA's legacy water purification assets. The deal under discussion would involve an exchange of stock in a public company for PURA's water purification assets. PURA management would in turn issue the purchase stock to PURA shareholders through a dividend distribution similar to the dividend distribution underway in conjunction with PURA's recent sale of its cannabis cultivation assets to PAO Group, Inc. (PAOG).

PURA just reported $1.6 million in sales year to date through Q2 2020. The company reported just shy of $1.1 million for the same period last year. PURA's sales growth YTD compared to the same period last year is 48%.

PURA has booked a profit update to be distributed one week from now on Tuesday, August 25, 2020. Notwithstanding checking on the organization's year to date (YTD) execution in the wake of distributing its Q2 2020 budgetary report, the update will remember new data for the organization's continuous securing effort to grow its CBD implanted customer item reach. The update will likewise remember the most recent for the issuance of a profit dispersion to PURA investors coming about because of the ongoing affirmation of a stock profit related to the offer of PURA's cannabis development activity to PAOG. The update will likewise remember data for the potential water purging resource deal.

For more information on Puration, visit http://www.purationinc.com.