July 17, 2020 -- InvestorsHub NewsWire -- via SA News Editor
Jul. 15, 2020 1:56 PM ET| About: Puration, Inc. (PURA)|By: Khyathi Dalal, SA News Editor

Puration (OTCPK:PURA -4.8%confirmed its plans of a management takeover of PAO Group (OTCPK:PAOG +22.2%) in order to revitalize its medical cannabis strategy.

PURA is now unwinding the NOUV transaction and moving forward with PAOG in a deal structured to include a dividend distribution of PAOG stock to PURA shareholders.

PURA and PAOG transaction is expected to be executed by July end.

PAOG also seeks to acquire NCM Biotech from Kali-Extracts (OTCPK:KALY -5.6%)


SOURCE: SA News Editor