PURA CBD Roll-Up Campaign Could Benefit From Corona Market
March 16 2020 - 12:15PM
InvestorsHub NewsWire
PURA CBD Roll-Up Campaign Could
Benefit From Corona Market
Dallas, TX -- March 16, 2020 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) management today indicated that the Corona Market could
potentially enhance the company’s recently initiated campaign to
acquire CBD infused beverage, edible and topical operations.
PURA recently announced closing on a $5 million investment to fund
the acquisition campaign. The $5 million investment is structured
as a debt facility whereby funds can be drawn as needed to fund
acquisitions. The drawn funds would be secured by the
acquired asset and the debt can be repaid in stock at $0.10 per
share. On Friday, last week, PURA acquired a CBD Confections
business. The week prior, PURA announced the acquisition of a
CBD Infused Pet Products operation. PURA management
anticipates that the prevailing market conditions resulting from
Coronavirus fallout could impact other CBD infused beverage, edible
and topical operations making the prospects of a PURA acquisition
more attractive.
For more information on Puration,
visit http://www.purationinc.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.
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
Puration (CE) (USOTC:PURA)
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