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We last checked on Puration Inc (OTCMKTS:PURA) just a week ago, noting that it was showing some strong momentum signals under the surface of the tape. That turns out to have been a prescient bit of analysis, as the stock has continued to push higher, with increasing attention beginning to focus on its new product direction in the THC infused beverage space as well as some hints toward a play on the recreational legalization move nearing in Canada.

To prime a buzz in the marketplace, the company just released an image of the packaging design for THCSavor. According to the release, “the company has planned for production in Canada in conjunction with a previously announced pending acquisition intended to establish a cannabis cultivation operation for the recreational marijuana market expected to be legalized nationwide in Canada this summer.”

Puration Inc (OTCMKTS:PURA) bills itself as a company that has been a water purification company. PURA is involved in the design, development, engineering, production, marketing, and distribution of personal and group systems that filter, purify, clean, extract or otherwise improve the quality of water on a cost effective, affordable basis, with a minimum of environmental impact.

PURA operates a U.S. Patented Cannabis Extraction process and sells its extracts for infusion into a variety of consumer products to include beverages, foods, nutritional supplements and cosmetics.

Resulting from their own design and engineering, the company’s water purification systems include personal water filter bottles, collapsible water pouches, replacement filters, and travel filters.

Puration introduced its EVERx CBD Infused Sports Water at Arnold Schwarzenegger’s Annual Arnold Sports Festival last year and is returning to the Arnold this year on March 1st to introduce its first two flavored waters: EVERx CBD Infused Kiwi-Strawberry Sports Water and EVERx CBD Infused Lemon-Lime Sports Water. EVERx Sports Water is built on two patents that together deliver a combination of characteristics that are unprecedented in the beverage industry. In addition to the benefits of its CBD infusions, EVERx Sports Water has an optimal alkaline pH level formulated with antioxidants and electrolytes to deliver the most effective hydration available in the alkaline water market.

With upward momentum established on the chart, and the company pushing towards numerous potentially interesting developments, it may pay to keep this ticker on the radar.

“This packaging is a work in progress,” Said Brian Shibley, CEO of Puration. “Feel free to email us and tell us what you think. I’m enthusiastic about our new partners in Canada and look forward to sharing more details with you after we close the Canadian acquisition.”

Just in time, Puration has scheduled a shareholder presentation for May 10 that it notes is meant “to provide overall details on the Canadian business acquisition expected to be closed as early as the end of this week. Highlights of the THCSavor go-to-market plan are to be included in the upcoming shareholder presentation.”

The chart shows better than 120% added to share values of the name over the past month of action. Furthermore, the company has witnessed a pop in interest, as transaction volume levels have recently pushed just shy of 180% above the average volume levels in play in this stock over the longer term.

At this time, carrying a capital value in the market of $18.6M, PURA has a chunk ($184K) of cash on the books, which compares with virtually no total current liabilities. PURA is pulling in trailing 12-month revenues of $269K. In addition, the company is seeing a bit of top-line growth, with y/y quarterly revenues growing at 0.8%. We will update the story again soon as further details emerge. Sign-up for continuing coverage on shares of $PURA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Originally Published by Oracle Dispacth