Pura Naturals Inc (OTCMKTS: PNAT) has seen a massive surge of volume and price off its $0.003 base after the Company announced that its Grease Beast branded products have been approved for sale over the HomeDepot.com platform.
PNAT has been making a lot of big moves in recent months but up until now that was pretty much ignored. The Home Depot news is what brought this one to the attention of investors who have quickly transformed this one into one of the top most traded stocks on the OTCBB.
Pura Naturals Inc (OTCMKTS: PNAT) has a household cleaning product that absorbs grease and grime while delivering unique soap infusion without harmful chemicals or the bacteria buildup common with typical sponge products. The revolutionary foam absorbs grease while repelling water and inhibiting bacteria growth and odors. The earth conscious company prides itself on its plant-based products made from renewable resources with no petroleum by-products.
PURA was formed in 2013. The inspiration for the companyâ€™s creation was the Gulf of Mexico oil spill in 2010. PURA partnered with Advanced Innovative Recovery Technology, Inc., a significant shareholder of PURA, to create a revolutionary and proprietary bio-based, non-toxic foam called BeBetterFoam(R), which is made from renewable resources instead of petroleum. The foam is oleophilic, which means it absorbs grease, grime and oil, but is also hydrophobic, which means it resists water retention and does not support bacteria.
Pura Naturals products are sold at CVS Pharmacy, Ingles Markets, Kroger, Meijer, Sprouts Farmers Market, Target, Walmart and Whole Foods Market nationwide.
Back in May PNAT launched a new line of health and beauty products that will be infused with Cannabidiol (â€śCBDâ€ť) derived from hemp and hemp seed oils. The line is anticipated to include facial slices, body bars, soap infused sponges and other custom products available to consumers May 2018.
PNAT CEO Robert Doherty said at the time â€śWe are excited to announce the launch of our newest health and beauty line that will include CBD hemp and hemp seed oils. After successful product testing, we have found that the infusion of CBD hemp oils as well as hemp seed oils in our soap enhances the benefits of our products for customers. Puraâ€™s facial and body products effectively open up the pores removing impurities and exfoliating the skin which allows the CBD oil to absorb into the skin faster. Expanding our health and beauty line into the rapidly growing market of CBD oil usage is a synergistic business move for Pura. We are able to leverage our existing manufacturing agreement to capture the market share of increased interest in CBD oil products.â€ť
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Last month PNAT said its Grease Beast line of products continue to receive widespread acceptance in the marketplace. Robert Doherty, C.E.O., states, â€śThe Company has now been approved for the sale of the Grease Beast products to all True Value Hardware Stores. We see this as a tremendous example of the growth the Company is experiencing with the Grease Beast products.Â As the Company further rolls out the brand in the coming weeks and months, we expect the 3rd and 4th quarters of 2018 to see considerable revenue tied to the brand.Â The opportunities for the Grease Beast product line-up are wide open for 2019 as we continue to receive interest from domestic as well as international sales channels.â€ť
On August 28, PNAT announced the Companyâ€™s Grease Beast branded products have been approved for sale over the HomeDepot.com platform. Among several recent advancements, the Companyâ€™s Grease Beast products have now expanded further by recently winning approval to be sold over the HomeDepot.com platform throughout the United States.Â The company expects the Grease Beast branded products to be live on HomeDepot.com in early October 2018.
Sales of the Grease Beast brand of products are managed by Jim Breech, Vice President of Sales, who has more than 30 years of sales experience in the consumer package industry.Â Jim has a proven track record of growing sales revenues from zero to multi-billions over his successful career, selling brands such as SakreteÂ® Cement Mixes, OldcastleÂ® Building Products, OldcastleÂ® Lawn & Garden, and BelgardÂ® Hardscapes.
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PNAT has exploded on the scene after many months of fairly little activity here. Currently the Company does not have much on the books reporting just $76k in sales for the 3 months ended June 30, 2018. There is not much debt on the books either and just 112m shares out as of August 14, 2018. But there is a lot to get excited about here; the Grease Beast line of products continue to receive widespread acceptance in the marketplace and have just been approved for sale over the HomeDepot.com platform and according to the Company their products are already sold at CVS Pharmacy, Ingles Markets, Kroger, Meijer, Sprouts Farmers Market, Target, Walmart and Whole Foods Market nationwide. We will be updating on PNAT when more details emerge so make sure you are subscribed to Microcapdaily so you know whatâ€™s going on with PNAT.
Disclosure: we hold no position in PNAT either long or short and we have not been compensated for this article.