PURA - Puration Cannabis Cultivation Business Takes Roots In US And Canada
April 17 2018 - 9:21AM
InvestorsHub NewsWire
Dallas, TX -- April 17,
2018 -- InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today released an update on the company’s cannabis
cultivation business. The company acquired First Choice
Nursery last year to establish a 25-greenhouse operation in the
first step of a plan to grow the operation to 400
greenhouses. First Choice Nursery began booking its first
sales in the first quarter of this year. Recently the company
has been developing an acquisition opportunity in Canada to enter
the market for recreational marijuana expected to be legalized this
summer. Management anticipates closing the Canadian
acquisition before the end of April. The presentation
released by management today includes details on the company’s
progress with both First Choice Nursery and the acquisition in
Canada. The presentation narrative is included in its
entirety below.
A Brief History Of Puration And Highlights On Its Recent
Grow Operation Evolution
Puration entered the cannabis sector in 2015 with a patented
extraction process and plans to produce the best cannabis extract
for infusion into beverages and edibles. Puration quickly
found the market was not yet clamoring for extract. Major
brand names like Nabisco and Kellogg’s still aren’t ready for a
cannabis infused version of their products and the start-up
beverage and edible companies have limited demand. So, management
made the decision to apply its patented extraction process to its
own cannabis infused consumer products. Early in 2017,
Puration introduced EVERx, a CBD infused sports nutrition
supplement line. Namely, the first product was the EVERx CBD
Infused Sports Water. Later this week on Thursday, April
19th, the company will release a more detailed update on
its progress with EVERx and details on new cannabis infused
consumer products coming soon.
A major component of having the best cannabis extract is having the
best cannabis plants from which to extract cannabinoids. Cannabis
cultivation is a natural extension of Puration’s long-term
development. Being headquartered in Texas, it made sense to
take advantage of new medical marijuana laws in Texas.
Accordingly, Puration acquired an older conventional nursery
operation, First Choice Nursery, and immediately began
renovations. Puration is now utilizing the 25-greenhouse
facility conventionally and anticipates growing to $1 million in
annual sales from conventional nursery operations. First
Choice Nursery started booking its first sales since the Puration
acquisition in the first quarter of this year. Puration has
an option on acquiring another 400 greenhouse pads. Puration is
working to secure a medical marijuana cultivation license in Texas
with future plans to migrate the conventional nursery operation
into a cannabis cultivation operation.
Canadian Cannabis Cultivation Expansion
The Canadian Government has announced plans to legalize recreation
marijuana nationally in the summer of 2018. Puration
originally partnered with its sister company, North American
Cannabis Holdings, Inc. (USOTC:
USMJ) to look for and acquire an operation in Canada that would
accelerate market entry into Canada for both companies. North
American Cannabis Holdings has recently engaged in discussions with
a party interested in potentially acquiring control of North
American Cannabis Holdings. In conjunction with North
American Cannabis Holdings current discussions, Puration is
advancing the opportunity in Canada on its own.
Puration management characterizes the ongoing development of the
opportunity to acquire an operation in Canada as “advanced” and
“nearing completion.” The acquisition would bring
exceptional cultivation talent and experience to Puration and put
Puration in a good position to potentially secure a license to
cultivate cannabis in Canada for the legal recreational marijuana
market. Puration has identified a substantial and underserved
sector within the recreational marijuana market both in Canada and
within the states in the United States that have legalized
recreational marijuana use. The company has secured
conditional investment to back its plan to capitalize on this
substantial and underserved sector. The first step in meeting
investment conditions is to finalize the acquisition in
Canada. Puration management anticipates finalizing the
Canadian acquisition before the end of April. Stay tuned.
The Cannabis Infused Beverage Presentation Thursday April
19th
On Thursday, April 19th, later this week, the company
will present an update on the company’s ongoing cannabis infused
beverage sales led today with its EVERx CBD Infused Sports
Drink. The company has recently signed new distribution
contracts, details of which will be included in the presentation on
Thursday, in addition to details on the company plans to soon
announce a new cannabis infused beverage line for the legal
recreational marijuana markets.
For more information on EVERx,
visit http://www.drinkeverx.com.
For more information on Puration,
visit http://www.aciconglomerated.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.
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
+1-800-861-1350
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