Puration Market Potential Could Jump Substantially In November With Recreational Marijuana On Ballots In Five States
October 18 2016 - 10:16AM
InvestorsHub NewsWire
Dallas, TX -- October 18,
2016 -- InvestorsHub NewsWire -- Puration, Inc. (PURA)
has recently gained increased attention within the cannabis sector
for its proprietary cannabis extraction process and collaboration
agreements to infuse cannabis extracts into consumer food and
beverage products. With recreational marijuana on
ballots this November in five states (California, Arizona, Maine,
Massachusetts and Nevada), Puration’s market opportunity could
substantially increase. The two current collaboration
agreements target the sale of CBD infused products nationally, but
Colorado, where recreational marijuana is already legal, is the
only state where Puration is currently working to bring a THC
infused beverage to market. If more states pass recreational
marijuana laws, then Puration has that much larger a market for THC
infused beverages.
Puration has published a
preliminary $3 million forecast based on three anticipated contracts. The Company has already announced
two of the three contracts and management indicated the third is
pending.
Puration acquired its proprietary
extraction assets from North American Cannabis Holdings, Inc.
(USMJ)
last year. North American Cannabis Holdings entered
the cannabis sector in 2013 piloting a successive series of
entrepreneurial cannabis enterprises. North American Cannabis
Holdings is commercializing one pilot project graduate in-house
with a second graduate being commercialized in a spinoff under
Puration. Puration is a model for the future of North
American Cannabis Holdings with future PURA-like spinoffs and
dividends to come.
To learn more about
Puration: http://www.purationinc.com
Follow Puration on Twitter: https://twitter.com/Puration710
Visit Puration on Facebook: https://www.facebook.com/puration/
To learn more about North American Cannabis Holdings: http://www.growusmj.com.
Follow the Company on Twitter: https://twitter.com/US_HEMP
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. These forward
looking statements relate to, amongst other things, current
expectation of the business environment in which the company
operates, potential future performance, projections of future
performance and the perceived opportunities in the market. The
company's actual performance, results and achievements may differ
materially from the expressed or implied in such forward-looking
statements as a result of a wide range of factors.
Puration Contact:
Brian Shibley, CEO
info@puraitoninc.com
+1-214-937-9097
USMJ Contact:
Steven Rash
Phone: +1-972-528-0162
Email: Info@growusmj.com
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