PURA Contends Farmersville Hemp Brand Has Unicorn Potential In Industrial Hemp Sector
February 08 2022 - 1:13PM
InvestorsHub NewsWire
Dallas, TX -- February 8, 2022 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) recently published its industrial hemp 2022 strategic
overview detailing the company’s plan to grow revenue and increase
shareholder value by driving market wide demand for the multitude
of yet to be realized uses of hemp.
“An article was published today in an
online periodical called Hemp
Today that pointed out the lack of a unicorn example in the
industrial hemp sector,” said Brian Shibley, CEO of PURA. “The
article explained the importance of any industry having an example
that investors can look to for modeling other investments within a
given sector. For example, Tesla (TSLA) provides an electric
vehicle industry unicorn and Airbnb (ABNB) is a shared economy
tourism industry unicorn. Both drive investment opportunity
for a myriad of other EV and tourism industry enterprises. I
believe PURA’s Farmersville Hemp co-op has the potential to be a
unicorn for the industrial hemp sector. I see a unicorn
valuation coming from one of our pilot hemp projects demonstrating
a scalable financial model that warrants a billion-dollar valuation
or coming from the adoption of a hemp related technology that
warrants a billion-dollar valuation. Perhaps
both.”
The industrial
hemp industry, to include the portion of CBD exclusively from hemp,
is anticipated to grow to $18 billion by
2026.
PURA
management thinks this is a substantial underestimate because the
industry has yet to recognize the multitude of ways hemp can be
utilized.
The
Sustainability Market is expected to expand from $9 billion reported in 2021 to
over $41 billion by
2028.
PURA
management believes the impact hemp can have on sustainability is
not fully baked into the industrial hemp
forecasts.
PURA anticipates generating $1 million in
revenue in 2022 with the potential to reach $10 million in revenue
this year.
See the company’s 2022
Industrial Hemp Strategic Plan to learn
more.
For more
information on Puration, visit http://www.purationinc.com
Disclaimer:
This News
Release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause our
actual results, performance or achievements, or industry results,
to differ materially from any these statements. You are cautioned
not to place undue reliance on any those forward-looking
statements. Except as otherwise required by the federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements after the date of this news release.
None of such forward-looking statements should be regarded as a
representation by us or any other person that the objectives and
plans set forth in this News Release will be achieved or be
executed.
For More Information
Contact:
Puration,
Inc.
Brian Shibley,
info@aciconglomerated.com
(800)
861-1350
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