PURA Farmersville Hemp Brand Update; PAOG, ALKM and USMJ Partnerships; Pharmaceutical, Cryptocurrency And Equity Initiatives
April 20 2021 - 10:36AM
InvestorsHub NewsWire
PURA Issues Farmersville Hemp Brand Update
Discussing PAOG, ALKM and USMJ Partnerships Including
Pharmaceutical, Cryptocurrency And Equity
Initiatives
Dallas, TX -- April 20, 2021 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today released a management update in conjunction with
the recent publication of its FY2021 Annual
Report.
PURA entered the cannabis sector in 2015
with the acquisition of a license to extract CBD and THC, among
other cannabinoids, from cannabis to include hemp via a U.S.
Patented Cannabis Extraction
Process.
After experimenting with the business
model, PURA introduced EVERx CBD Sports Water and has enjoyed a
good deal of success with the sales of
EVERx.
Cracking The Cannabis Market Wide
Open
PURA management has remained convinced
that the cannabis market remains rich with opportunity well beyond
smokables, infused consumables, nutraceuticals and
pharmaceuticals.
Last year, PURA management committed to
taking its cannabis technology and marketing experience and
directing it toward a comprehensive initiative to crack the overall
cannabis market wide open.
PURA initiated a new business plan focused
first on hemp. PURA acquired 70 acres in Farmersville, Texas
and introduced the Farmersville Hemp
Brand.
PURA is building a physical training,
education and marketing facility on the 70 acres where the company
will conduct hands on hemp experiences to introduce corporate
clients to all the uses of hemp from the extracts to the
fibers.
PURA plans to break ground on the 70 acres
facility this summer.
PURA plans to build Farmersville Hemp
Brand partnerships with hemp growers and processers where the
Farmersville Hemp Brand becomes a conduit to market for the partner
growers and processors products and
services.
PURA and USMJ – Cryptocurrency
Payments
PURA’s oldest partner is North American
Cannabis Holdings, Inc. (USOTC:
USMJ). PURA acquired its cannabis extraction license from
USMJ in 2015 in a transaction that included a dividend of PURA
stock to USMJ shareholders. PURA works closely with USMJ in
the marketing of EVERx CBD Sports Water. USMJ operates a
cannabis market eCommerce site,
www.USMJ.com. In celebration of 4/20, USMJ today
introduced cryptocurrency as a form of payment. USMJ is
working closely with PURA to facilitate PURA’s transition from
being recognized primarily as a cannabis beverage company into
building momentum behind the new Farmersville Hemp Brand
initiative.
PURA and PAOG – Shareholder Dividends and
Pharmaceutical Partnership
Last year, PURA sold its cannabis
cultivation business to PAO Group, Inc. (USOTC:
PAOG) in conjunction with PAOG separately acquiring a
proprietary CBD extract formula for the treatment of
Chronic Obstructive Pulmonary Disorder
(COPD). As part of the sale and acquisition
transaction between PURA and PAOG, PURA shareholders are to receive
a dividend of PAOG shares. The issuance of PAOG shares to
PURA shareholders is underway. Similar to the transaction
between USMJ and PURA discussed above where PURA shares were
successfully issued to USMJ shareholders, PAOG and PURA management
are working closely together to secure necessary approvals and
manage the issuance of PAOG shares to PURA shareholders. PAOG
and PURA management are also working closely together under the
Farmersville Hemp Brand initiative, where PAOG will operate a
pharmaceutical grade hemp cultivation indoor grow facility and
extraction facility.
PURA and ALKM – An Equity Formulation And
Bottling Partnership
PURA and Alkame Holdings, Inc. (USOTC:
ALKM) are long time partners. ALKM worked closely with
PURA in perfecting the formulation and bottling of PURA’s EVERx CBD
Sports Water. ALKM has amassed substantial experience in
cannabis infusions and bottling and is now part of PURA’s
Farmersville Hemp Brand initiative. PURA recently acquired a
5% interest in ALKM and remains open to the acquisition of an
increased interest.
For more
information on Puration, visit http://www.purationinc.com
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800)
861-1350
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 Alkame will achieve significant sales, the failure
to meet schedule or performance requirements of the Company's
contracts, the Company's liquidity position, the Company's 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.
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