PURA Announces Sale Of Cannabis Cultivation Operation With Shareholder Dividend
July 28 2020 - 3:08PM
InvestorsHub Cannabis NewsWire
Dallas, TX -- July 28, 2020 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced the sale of its cannabis cultivation
operation to PAO Group, Inc. (USOTC:
PAOG). The operation was sold for a $1,000,000
valuation. The cannabis cultivation operation was sold in
exchange for PAOG common stock. The stock is slated to be
distributed to PURA shareholders in a dividend distribution.
The planned distribution ratio is 1 for 1. Accordingly, PURA
shareholders will receive one share of PAOG stock in exchange for
every PURA share held. PURA plans to issue more details next
week on the planned dividend
distribution.
For more
information on Puration, visit https://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
(800)
861-1350
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