CORAL SPRINGS, FL, Oct. 25, 2016 /CNW/ - The global marijuana and cannabis industries remain very active of late heading into the elections, as research and product development of new uses for varying strains and extracts of CBD, hemp & cannabis propel the industry forward. Marijuana leaders active in the markets this week include Puration, Inc. (OTC: PURA), Hemp, Inc. (OTC: HEMP), Medical Marijuana, Inc. (OTC: MJNA), New Colombia Resources, Inc. (OTC: NEWC) and Marijuana Company of America, Inc. (OTC: MCOA).
Puration, Inc. (OTC: PURA) Introduces EVERx CBD Infused Bottled Water Entering The Global Bottled Water Market That Is Expected To Reach US $280 Billion By 2020 - Puration is targeting an initial $1 million in 2017 sales of EVERx CBD infused water. Given the magnitude of the bottled water market, management plans to review first quarter performance and potentially increase the first year target at that time.
Read the full Puration (PURA) Press Release at: http://financialnewsmedia.com/profiles/pura.html
The bottled water market was valued at US $157.27 billion in 2013 and is expected to reach US $279.65 billion by 2020 (Source: Transparency Market Research). At this time, bottled water is the second largest beverage category by volume in the United States, just behind carbonated soft drinks. The Beverage Marketing Corporation predicts bottled water to surpass carbonated soft drinks as the number one beverage in America in 2017 (Source: Beverage Marketing Corporation).
The EVERx Sports and Fitness Nutritional Supplement Brand - Puration has partnered with North American Cannabis Holdings, Inc. (USMJ) to produce a beverage under the North American Cannabis Holdings EVERx Sports and Fitness Nutritional Supplement Brand Name. EVERx CBD infused water will be marketed and sold by Puration in a campaign designed to complement the comprehensive EVERx brand. EVERx supplements are designed for men and women of EVERY age seeking to sustain a healthy and fit lifestyle through EVERY stage of life and for EVERY fitness objective from weight loss and muscle building, to injury prevention and rehabilitation; from general fitness to extreme endurance and competitive athletic performance. Ahead of the news today, PURA closed up over 17% on Monday trading over 11.09 Million shares by the market close.
In other developments and market movers of note this week include:
Hemp, Inc. (OTC: HEMP) recently updated its shareholders on one of the first experimental hemp crops to be grown in the state of Nevada by Ronald Almadova of Agri-Tech Farms, LLC. Supported by Hemp, Inc. CEO, Bruce Perlowin, the experimental 43-acre hemp crop is one of the first hemp crops to be grown in Nevada since the cultivation of hemp was legalized in the state. Executives Craig Perlowin, Secretary of Hemp, Inc., David Schmitt, COO of Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, and William Billings, CEO and Founder of Colorado Hemp Project all visited Almadova's 43-acre hemp crop in Tonopah, Nevada last week and found the results of the experimental grow to be quite impressive given the growing conditions.
Medical Marijuana, Inc. (OTC: MJNA) recently announced that its portfolio company HempMeds® Mexico, the first and only company dedicated to the cannabis industry with approval from COFEPRIS to legally import one of its products, will be present at the Senate of Mexico's historic exhibition "Hemp for All," being held from Oct. 24-28 on the second floor terrace of the commissions tower in the Senate. HempMeds® Mexico's hemp oil Real Scientific Hemp Oil-X™ (RSHO-X™) is the only product that has been legally imported to Mexico and that according to recent studies has demonstrated effectiveness in treating refractory epilepsy in Mexican patients.
New Colombia Resources, Inc. (OTC: NEWC), a U.S. listed Colombian company with natural resource assets in Colombia, is pleased to announce plans to produce several infomercials targeting the U.S. Hispanic and Latin American Markets. The Company had previously engaged top infomercial producer to conduct a market survey of pain products vs. beauty products. Additionally, New Colombia Resources will give updates on their cannabis based Orphan Drug Designation application with the FDA as they develop.
Marijuana Company of America, Inc. (OTC: MCOA), an innovative cannabis and hemp marketing and distribution company, is providing this update to keep our shareholders and prospective investors informed. Our first product, hempSMART BRAIN, formulated with CBD or Cannabidiol as the core ingredient combined with high quality, clinically proven, branded ingredients to compliment the CBD to support brain health. There are new articles published daily regarding the benefits of CBD, hempSMART BRAIN was formulated to meet the growing demand for cannabinoid based neutraceutical products that assist in brain function.
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