PURA - Puration Plans Corporate Name Change In Conjunction With Extraction Spinoff And Dividend
January 11 2018 - 10:17AM
InvestorsHub NewsWire
Dallas, Texas – January
11, 2018 - Puration, Inc. (USOTC:
PURA) today announced plans to change the company’s name in
conjunction with the spinoff and dividend strategy announced last
week. Management is rapidly advancing on a strategy to unlock
shareholder value by dividing its cannabis infused beverage
business and patented cannabis extraction business into two
separately traded public companies. The first step in the
strategy is to structure Puration’s extraction capacity into a new
subsidiary. The next step will be to spinoff the cannabis
extraction subsidiary in conjunction with a Regulation Crowdfunding
transaction to capitalize the new independently listed
company. The spinoff plan includes a dividend distribution of
stock in the new independently listed company to shareholders of
the parent company, Puration. Management plans to change the
“Puration,” parent company name to reflect the cannabis infused
beverage operations remaining in the parent company.
Similarly, the subsidiary and spinoff company will be named to
reflect the cannabis extraction operational focus.
Extraction and Beverage Industry Experience
Puration is the sole licensee to U.S. Patent No. 9,199,960,
entitled "METHOD AND APPARATUS FOR PROCESSING HERBACEOUS PLANT
MATERIALS INCLUDING THE CANNABIS PLANT." The license permits
Puration to produce cannabis extracts for infusion into
recreational, fitness wellness, alternative medicine and beauty
products. Management found the ideal first application of the
extraction technology in the introduction of its own cannabis
infused beverage. Last year, the company launched
EVERx CBD Infused Sports Water which
has since become a leading brand name in the CBD infused
marketplace and one of the only CBD infused products in the sports
nutrition marketplace. Puration recently announced plans to
launch new cannabis infused beverage lines into Canada’s legal $8
billion market in addition to announcing plans to open a cannabis
extraction facility into California’s legal $10 billion market.
Unlocking Shareholder Value
Management expects the combination of two stocks, one representing
the value of the cannabis infused beverage operation that remains
in the parent company, and the other representing the value of
patented extraction operation going into the spinoff, will together
yield a greater return for shareholders than a single stock
representing the integrated value of the two. Look for more updates
on the spinoff and dividend plan coming soon. See the article
below to learn more about the potential of spinoff’s:
3 Real-World Case Studies: How
Spinoffs Unlock Shareholder Value
For more information on Puration visit www.aciconglomerated.com
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 any of the companies mentioned herein
will achieve significant sales, the failure to meet schedule or
performance requirements of the companies' contracts, the
companies' liquidity position, the companies' 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.
For More Information Contact:
Brian Shibley,
info@aciconglomerated.com
1-800-861-1350
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