Seeking Alpha - UCASU intends to invest in PURA hemp operation
January 14 2022 - 12:51PM
InvestorsHub NewsWire
Jan. 14, 2022 -- InvestorsHub NewsWire -- Puration,
Inc. (PURA) By: Shweta
Agarwal, SA News Editor
- The REIT formed under limited liability partnership, UC Asset
(UCASU), confirms it plan to invest into cannabis
properties to be operated by Puration (OTCPK:PURA).
- Currently, UCASU also holds approximately 7.5% equity of PURA,
in forms of restricted stocks.
- "We are committed to invest into the real estate of
Farmersville Hemp Brand's facility, which is central to PURA's
updated business plan. However, the schedule and scale of our
investment will depend on PURA's implementation of a productive
business plan to construct such a facility and monetize from its
continuous operation," says Greg Bankston, managing partner of
PURA.
- The investment follows PURA target
to achieve $10M in 2022 revenue from its New Farmersville Hemp
business.
AABB
is another stock also on the move today.
Source - https://seekingalpha.com/news/3788298-ucasu-intends-to-invest-in-pura-hemp-operation?messageid=2900&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=RTA+News+Smart
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