Puration Extends Reach in $5 Billion Cannabis Edibles Sector with Telluride Health Company Acquisition and 3rd Beverage Brand
November 02 2018 - 9:00AM
InvestorsHub NewsWire
DALLAS, TX -- November 2, 2018 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) (“PURA”)
today announced the acquisition of Telluride Health Company, the
innovator behind Telluride Happy Water, a refreshing and delicious
drink that enhances the cannabis experience as a beverage before
partaking or during when used in a
water-pipe.
The acquisition is made in conjunction
with the North American Cannabis Holdings, (USOTC:
USMJ) (“USMJ”) spin-off of its AmeriCanna Cafe business
announced yesterday. USMJ affected the spin-off by selling
the AmeriCanna Cafe business to Priority Aviation (USOTC:
PJET) (“PJET”). The USMJ transaction with PJET includes a
planned dividend distribution of PJET shares to USMJ
shareholders. As the PJET public holding company changes
names and business directions to establish itself as a cannabis
themed restaurant group, its operating subsidiary Telluride Health
Company, has been sold to PURA adding a third cannabis sector
beverage brand, Telluride Happy Water, to PURA’s current EVERx CBD
Sports Water and THCSavor brands.
Telluride Happy Water has a higher level
of dissolved oxygen in it than almost any bottled water on the
market. A patented technology and formula reduces the size of
water molecules which creates a platform that accelerates the
uptake of anything mixed with or filtered
through the patented water technology. This is how our
product exponentially increases a cannabis
high.
The cannabis-infused edibles market is
projected to make up a $2.3-billion market in 2018 and to become a
$5.3-billion market within the next five years, according to data
from cannabis market research firm Brightfield
Group.
With the Telluride Health Company
acquisition already in the works for some time now, PURA expects
Telluride Happy Water to hit shelves before Christmas. PURA
has already initiated its first production run of Telluride Happy
Water with co-packer and partner Alkame Holdings, Inc. (USOTC:
ALKM).
Puration plans to publish an online
presentation detailing the Telluride Happy Water acquisition and
business plan on Monday, November 5, 2018. The presentation
was originally scheduled for today and intended for release prior
to the Telluride Health Company acquisition closing. In light
of the earlier than anticipated closing, the presentation is being
update and rescheduled for one business day
later.
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
Alkame (CE) (USOTC:ALKM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alkame (CE) (USOTC:ALKM)
Historical Stock Chart
From Sep 2023 to Sep 2024