PURA - Puration Announces LOI To Add Third Cannabis Beverage To Portfolio
October 05 2018 - 9:10AM
InvestorsHub NewsWire
Dallas, TX -- October 5, 2018 -- InvestorsHub
NewsWire -- Puration, Inc. (USOTC:
PURA) (“PURA”) today announced a letter of intent to acquire a
new cannabis beverage company. The Company has recently
launched a strategy to concentrate all its efforts on expanding its
existing cannabis infused beverage business. Puration
introduced its first cannabis infused beverage, EVERx CBD Sports
Water, last year and has since reported 600% revenue growth.
The company has also announced a THC infused beverage, THCSavor,
currently in development for launch select markets. Today the
company is announcing a letter of intent to acquire a third
cannabis sector beverage company. PURA management plans to
present further details on the planned acquisition announced today
in conjunction with the company’s overall cannabis infused beverage
business expansion strategy in an online presentation one week from
today, on Thursday, October 11th,
2018.
Puration Cannabis Cultivation Spinoff and
Planned Dividend
Earlier
yesterda PURA announced spinning off its cannabis cultivation
business. The spinoff is part of the overall strategy for
Puration to concentrate ongoing business development efforts on the
company’s flourishing cannabis infused beverage business. The
spinoff announced yesterday has been affected through the execution
of a securities exchange agreement with Nouveau Life
Pharmaceuticals, Inc., (USOTC:
NOUV) (“NOUV”). PURA has sold its cannabis cultivation
business in exchange for a convertible purchase note issued by
NOUV. PURA and NOUV have agreed to a recapitalization plan
for NOUV and a post recapitalization conversion of the purchase
note into a number of common NOUV shares sufficient to issue one
NOUV common share for every five shares of PURA common shares
issued and outstanding. All of the NOUV common shares issued
in conversion of the purchase note are slated for distributed to
PURA shareholders in a dividend distribution. Further details
on the spinoff transaction announced earlier today in conjunction
with the company’s overall cannabis infused beverage business
expansion will be included in the online presentation next week, on
Thursday, October 11th, 2018.
Learn
more about Puration at www.purationinc.com
Learn more about the
cultivation business at https://www.purationinc.com/extraction
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.
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350
Nouveau Life Pharmaceuti... (PK) (USOTC:NOUV)
Historical Stock Chart
From Aug 2024 to Sep 2024
Nouveau Life Pharmaceuti... (PK) (USOTC:NOUV)
Historical Stock Chart
From Sep 2023 to Sep 2024