PURA - Puration Inc Targets November 15th To Declare 1:5 Cannabis Cultivation Stock Dividend
October 25 2018 - 9:15AM
InvestorsHub NewsWire
Dallas, TX. -- October 25, 2018
-- InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) (“PURA”) today announced targeting November
15th as the date for an anticipated 1 for 5 stock
dividend to be declared. The company plans to release its
2018 Q3 financial report on or before November 12th and
promptly there after announce a formal 1 for 5 stock dividend
declaration.
On October 4, 2018, PURA spun off its cannabis cultivation business
as part of a strategy to concentrate ongoing business development
efforts on the company’s flourishing cannabis infused beverage
business. The spinoff was affected through the execution of a
securities exchange agreement with Nouveau Life Pharmaceuticals,
Inc., (USOTC:
NOUV) (“NOUV”). Specifically, PURA sold its cannabis
cultivation business to NOUV in exchange for an NOUV $1.2 million
note convertible into common shares of NOUV. The securities
exchange agreement included a planned conversion of the purchase
debt into NOUV common shares in a sufficient number to support a
dividend distribution of NOUV common stock to PURA shareholders in
a ratio whereby PURA shareholders receive one share of NOUV for
every five shares of PURA that they
own.
In addition to PURA’s plan to file its
2018 Q3 report on or before November 12th, NOUV
management plans to bring NOUV current with its reporting
requirements in the same time frame. Accordingly, the two
companies plan to cooperate in the declaration of a stock dividend
on the November 15th target date whereby PURA
shareholders will be eligible to receive one share of NOUV for
every five shares of PURA that they own. The two management
teams plan to promptly move forward with securing all necessary
oversight authorizations and approvals in order payout the dividend
as soon as possible after the
declaration.
PURA Research
Report Speculative Buy Recommendation and $0.25 Target
PPS
Goldman Small Cap Research issued a Trade
Alert updating its previously issued research report on PURA. The
Trade Alert confirmed the previously recommended Speculative Buy
and $0.25 Target PPS:
https://www.purationinc.com/goldman-research/
https://www.purationinc.com/trade-alert
About Puration,
Inc.
Puration, Inc. is a
leading Texas-based, CBD-infused beverage provider. The
Company's flagship product, EVERx, which was introduced in 2017,
targets the sports nutrition market. Puration plans to introduce
new beverages as well as grow its product portfolio organically as
well as through targeted acquisitions. On October 4th, 2018,
the Company spun-off its cannabis cultivation segment to focus its
efforts exclusively on its high-growth core CBD-infused beverage
business. The company plans to issue spin-off stock in a
dividend distribution in the near
future.
Learn more about Puration at www.purationinc.com
Learn more
about the cultivation business at
https://www.purationinc.com/extraction
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
(800) 861-1350
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