PURA Expects LOI On CBD Sexual Wellness Acquisition By Friday
June 17 2020 - 2:12PM
InvestorsHub Cannabis NewsWire
Dallas, TX
-- June 17, 2020 -- InvestorsHub NewsWire -- Puration, Inc.
(USOTC:
PURA) anticipates finalizing a letter of intent (LOI) to
acquire a previously announced target CBD infused sexual wellness
product line by this Friday, June 19, 2020. The global sexual
wellness market is anticipated to reach a $39 billion value by 2024.
PURA recently acquired a CBD infused sun care product business as
part of a campaign to
acquire CBD infused beverage, edible and topical businesses
launched earlier this year. The sun care acquisition was the
third acquisition this year for
PURA.
PURA’s
acquisition campaign is intended to target a robust market of
creative and promising young companies starved for investment in
the waning 2019 cannabis capital market. Prior to the sun
care acquisition, PURA has acquired a CBD confections company and a
CBD pet products company.
For more
information on Puration, visit http://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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