Puration Inc (OTCMKTS:PURA) Hires A Third Party To Render Fairness Opinion For CBD Confections Operation
February 26 2020 - 12:10PM
InvestorsHub NewsWire
February 26, 2020 - By Jason Abbott
Puration Inc (OTCMKTS:PURA) confirmed
Kali Extracts accepted its offer to sell CBD confections operation.
The company hired the services of an independent third party to
render a fairness option after evaluating the CBD confections
operation. It expects to receive the fairness opinion within two
weeks.
A campaign to takeover CBD infused
beverages
Puration has recently introduced a campaign to take over CBD
infused beverages, topical and edible operations. The company also
mobilized $5 million for the acquisition campaign. It will secure
the $5 million investment with the acquired assets. The company
will repay the debt using its stock at $0.10 per share. Puration
expects to take over CBD pet products operation on February 27,
2020. The deal is in exchange for the ongoing royalty payments. It
will also hire the services of an independent third party to
evaluate CBD Pet Products operation if the seller accepts its
offer.
The demand for CBD Pet products
In the US, the market for CBD Pet products expects to reach
$1.16 billion by the year 2022 from $32 million in 2018. Brian
Shibley, Chief Executive Officer of Puration, said the company
recently secured an investment of $5 million for the acquisition of
CBD infused edibles, beverages, and topicals. The company also
targets CBD pet for acquisition. Puration maintains a growing
customer base for its concierge pet services. It offers concierge
pet services via its mobile app.
EVERx CBD Sports Water to feature at Arnold Sports
festival
According to a communiqué from Puration, EVERx CBD Sports Water
will be featured this year at an upcoming Arnold Sports Festival,
which will be held in Columbus, Ohio during March 5, 2020, and
March 8, 2020. 22,000 athletes from eighty nations across the world
will compete in the upcoming sports festival in over 80 events.
Puration has previously introduced EVERx CBD Sports Water at
Arnold Sports festival three years ago for the first time. The
company has expanded the marketing of EVERx CBD sports water at
Arnold events in Europe, and Africa besides the US. EVERx is now a
leading CBD infused beverage for athletes worldwide. Puration also
distributes EVERx CBD Sports water in Africa, the US, Latin
America, and Europe.
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articles today.
https://factsaboutcbd.org/puration-inc-otcmktspura-hires-a-third-party-to-render-fairness-opinion-for-cbd-confections-operation-3518
Source - Jason
Abbot, Facts About CBD