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INTERIM CBD SURVEY KEY TAKEAWAYS
We have been able to confirm the identities of 85 of the 108 current respondents and we believe that when the survey ends on September 30th, we may have as many as 250 identified respondents. Two thirds of the survey participants hail from Florida, New York, or Maryland. However ,we did have responses from CBD users in Minnesota, Texas, and California. While these figures and responses will be further evaluated, the current data is fascinating and bodes well for PURA. We have elected to introduce the data by of the two largest age groups---the reasoning behind this presentation will become clear in a moment.
Age Group: 25-34
Age Group: 18-24
THE BOTTOM LINE
CBD users are staunch supporters and believers in the health benefits of the products in which they consume. And they want more---more products in different forms, but flavor and potency are important. The younger set, as has been discussed much in recent years, is struggling with anxiety is largely using the products to self-treat. The older the user, the more they use it for to treat pain and inflammation. Interestingly, we did not receive a lot of responses regarding the natural properties of CBDs---rather the emphasis was effectiveness. In our view, this is telling. It is a signal that CBD-infused products are mainstream products, not just offerings used by those seeking natural remedies.We look forward to updating investors with full survey results in the coming weeks. In the meantime, this survey’s data has provided us with even greater confidence that PURA’s products are the right offerings for the right market at the right time. The diversity is spot-on, and if flavor holds, and marketing succeeds as it has with the EVERx water, PURA is primed to be a sales leader and product innovator in this segment.
RECENT TRADING HISTORY FOR PURATION, INC.
Senior Analyst: Robert Goldman
Rob Goldman founded Goldman Small Cap Research in 2009 and has over 25 years of investment and company research experience as a senior research analyst and as a portfolio and mutual fund manager. During his tenure as a sell side analyst, Rob was a senior member of Piper Jaffray's Technology and Communications teams. Prior to joining Piper, Rob led Josephthal & Co.'s Washington-based Emerging Growth Research Group. In addition to his sell-side experience Rob served as Chief Investment Officer of a boutique investment management firm and Blue and White Investment Management, where he managed Small Cap Growth portfolios and The Blue and White Fund.
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