PURA Explores Acquisition of KALY CBD Confection Assets
January 21 2020 - 1:58PM
InvestorsHub NewsWire
DALLAS, TX -- January 21, 2020 -- InvestorsHub
NewsWire -- Puration, Inc. (USOTC:
PURA) ("PURA") and Kali-Extracts, Inc. (Kali, Inc.
dba/Kali-Extracts, Inc.) (USOTC:
KALY) ("KALY") today announced the two companies have entered
into discussions regarding PURA's possible acquisition of KALY's
CBD confection assets. KALY recently announced plans to
consolidate its business structure and focus on its Cannabis
Biopharmaceutical Technology spinning of its non-pharmaceutical
business assets. KALY has a U.S. Patented Cannabis Extraction
Process and is developing treatments for various medical
conditions. The technology has been valued at $50
million in conjunction with a recent acquisition offer that
KALY management passed on. The cannabis biopharmaceutical market is
anticipated to reach $50 billion by
2029.
PURA currently owns the sole license of KALY's Patented Cannabis
Extraction Process for extracts to be infused into
beverages. PURA has recently expanded its beverage production
reach into Europe, Latin America and Africa.
PURA management is exploring the possibility of expanding its
business into the production of additional cannabis infused
products.
Follow further developments at
https://www.kali-extracts.com or https://www.purationinc.com
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, amongst
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
factors.
Contacts:
Puration, Inc.
Brian Shibley
info@aciconglomerated.com
+1-(800)-861-1350
Frederick Ferri
ir@kali-extracts.com
+1-(214)-210-0459
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