PURA and MLCG - Puration Inc Endorses ML Capital Group Deal With Spanish Peaks
January 04 2017 - 12:06PM
InvestorsHub NewsWire
Dallas, TX – January 4, 2017 – InvestorsHub NewsWire
-- Puration, Inc. (PURA) today announced its
support for the anticipated acquisition of Spanish Peaks
ScrumpDelicacies by ML Capital Group
(MLCG).
PURA recently published a confirmation and
update of its $1 million collaboration agreement with
Spanish Peaks ScrumpDelicacies. Earlier this year,
PURA and Spanish Peaks entered into a
collaboration agreement to produce a line of cannabis Infused
beverages. In conjunction with the agreement, Spanish Peaks
conducted a cannabis beverage naming contest and announced the contest
winners on October 21, 2016.
Earlier today, MLCG announced letter of intent to
acquire Spanish Peaks Scrumpdelicacies and enter the
$7 billion in 2016 revenue cannabis sector.
MLCG a diversified holding company expanding its
presence in the luxury and specialty travel markets with the
pending acquisition of Spanish Peaks ScrumpDelicacies.
MLGC has an established presence in the
luxury travel market, highlighted by its flagship operation,
Platinum Tours of Maui. MLGC will leverage the Spanish Peaks
ScrumpDelicacies acquisition to launch a new, specialty
tourism sector focused exclusively on cannabis-related travel
experiences.
“Spanish Peaks becoming a key asset of a
micro-cap public company is an exciting step in the development of
the collaboration agreement between Puration and Spanish Peaks,”
said Brian Shibley, CEO of Puration. “We are enthusiastic
about the prospects of the MLCG and Spanish Peaks deal coming to
fruition. We have welcomed the opportunity to be included in
the discussions between MLCG and Spanish Peaks, and we are
optimistic that the deal between MLCG and Spanish Peaks is good for
the collaboration agreement between Puration and Spanish Peaks and
in turn, good for the Puration shareholders.”
To learn more about
Puration:
purationinc.com
Follow Puration on Twitter:
Puration710
Visit Puration on
Facebook:
Facebook.com/puration/
Disclaimer/Safe Harbor: This news release contains forward-looking
statements within the meaning of the Securities Litigation Reform
Act. The statements reflect the Company's current views with
respect to future events that involve risks and uncertainties.
Among others, these risks include the expectation that Alkame will
achieve significant sales, the failure to meet schedule or
performance requirements of the Company's contracts, the Company's
liquidity position, the Company's ability to obtain new contracts,
the emergence of competitors with greater financial resources and
the impact of competitive pricing. In the light of these
uncertainties, the forward-looking events referred to in this
release might not occur. These statements have not been evaluated
by the Food and Drug Administration. These products are not
intended to diagnose, treat, cure or prevent any disease.
Puration Contact:
Brian Shibley, CEO
info@purationinc.com
+1-214-937-9097
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