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PURATION INC - PURA STOCK NEWS

Welcome to our dedicated page for PURATION news (Ticker: PURA), a resource for investors and traders seeking the latest updates and insights on PURATION stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PURATION's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PURATION's position in the market.

Rhea-AI Summary

Puration, Inc. (USOTC: PURA) announced a strategic initiative for collective marketing of hemp products under the Farmersville Hemp Brand. The aim is to support hemp growers and processors by providing financing and creating a brand cooperative similar to Sun-Maid. The global industrial hemp market is projected to grow from $5 billion in 2019 to $36 billion by 2026. PURA is also constructing a facility in Farmersville, Texas, to host educational seminars on hemp applications. The company plans to launch its hemp innovation curriculum in Q4 2021 to drive early engagement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.07%
Tags
none
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Rhea-AI Summary

Puration, Inc. (OTC PINK: PURA) has announced a strategic initiative to establish a collective marketing program for hemp growers and processors under the Farmersville Hemp brand. This initiative aims to provide financing and promote hemp products across various industries. With the global industrial hemp market projected to grow to $36 billion by 2026, PURA is positioning itself to capitalize on this trend. The company is also building a facility for hands-on seminars to educate businesses on integrating hemp into their products.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.98%
Tags
none
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Rhea-AI Summary

Puration, Inc. (PURA) has initiated a strategic hemp marketing campaign under the brand name Farmersville Hemp to support multiple growers and processors. The company aims to host practical seminars to educate established businesses on incorporating hemp into their products. Construction is underway on a 70-acre property in Farmersville, Texas, to facilitate this initiative. The global industrial hemp market, valued at $5 billion in 2019, is projected to reach $36 billion by 2026, indicating significant growth opportunities for PURA and its partners.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
none
Rhea-AI Summary

Puration, Inc. (OTC PINK: PURA) has initiated a strategic initiative in the hemp industry, aiming to market under the Farmersville Hemp brand. The company is establishing partnerships with hemp growers and processors, mirroring the collective branding approach of Sun-Maid Raisins. With the global industrial hemp market projected to grow from $5 billion in 2019 to $36 billion by 2026, PURA plans to launch a marketing campaign to enhance its network. A facility is under construction in Farmersville, Texas, aimed at showcasing hemp's diverse applications, with over 25,000 products potentially derived from hemp.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.5%
Tags
none
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Rhea-AI Summary

Puration, Inc. (PURA) has initiated a comprehensive marketing strategy for the hemp industry under the brand name Farmersville Hemp. Collaborative partnerships have been established with Alkame Holdings, North American Cannabis Holdings, and PAO Group. In Q4, PURA plans to expand its partnership network and recently commenced construction on a 70-acre facility in Farmersville, Texas, designed for hands-on marketing and product demonstrations. This facility intends to showcase the versatility of hemp, which can yield over 25,000 products.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.4%
Tags
none
-
Rhea-AI Summary

Puration, Inc. (OTC PINK: PURA) has announced the groundbreaking of its Farmersville Hemp Brand Facility in Texas, spanning 70 acres. This facility aims to market a diverse range of hemp-derived products, showcasing over 25,000 potential uses for hemp. A temporary building is set to be operational by year-end, with further construction planned. PURA is also forming partnerships to establish a hemp brand cooperative, similar to the Sun-Maid Raisins model, and has already teamed up with Alkame Holdings, North American Cannabis Holdings, and PAO Group.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
none
Rhea-AI Summary

Puration, Inc. (PURA) has announced the groundbreaking of its new Farmersville Hemp Brand Facility, with plans to showcase construction progress. This marks a significant shift towards a full-time focus on its hemp business model. An update regarding the company's strategic partners, including Alkame Holdings and North American Cannabis Holdings, will be available soon. Additionally, PURA has decided to unwind a sale of its cannabis cultivation business to PAO Group due to significant inventory losses from a severe winter storm, allowing for internal rebuilding.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.88%
Tags
partnership
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Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) has initiated construction on its new Farmersville Hemp Brand Facility in Texas, a key step in its strategic shift towards a focused hemp business model. This follows the company's decision to unwind its previous sale of a cannabis cultivation business to PAO Group, allowing PURA to rebuild its operations after a severe winter storm in February caused significant damage. Updates on the construction progress are expected on September 9, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.58%
Tags
none
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Rhea-AI Summary

Puration, Inc. (OTC PINK: PURA) is transitioning to a new focus on its Farmersville Hemp Brand. This strategic move involves acquiring 70 acres in Farmersville, Texas, to establish a facility for hemp education and marketing. PURA will also transfer the operation of its EVERx CBD Sports Beverage to North American Cannabis Holdings, Inc. (OTC PINK: USMJ) and is set to receive royalties from future sales. Despite challenges in the cannabis sector, including regulatory uncertainties, PURA remains optimistic about the industry's potential and is consolidating cannabis assets with its affiliate companies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.12%
Tags
none
Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) announced a strategic transition update scheduled for August 12, 2021, focusing on its Farmersville Hemp Brand business model. The update will detail the roles of Alkame Holdings, Inc. (ALKM) and North American Cannabis Holdings, Inc. (USMJ) in this strategy, including PURA's recent acquisition of a 5% stake in ALKM. The company has also sold a business operation to PAO Group, Inc. (PAOG), with plans for PAOG stock distribution to PURA shareholders. Additionally, PURA is constructing a facility on 70 acres in Farmersville, Texas, to promote hemp utilization.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.39%
Tags
partnership

FAQ

What is the current stock price of PURATION (PURA)?

The current stock price of PURATION (PURA) is $0.000001 as of April 16, 2024.

What is the market cap of PURATION (PURA)?

The market cap of PURATION (PURA) is approximately 1.7M.

PURATION INC

OTC:PURA

PURA Rankings

PURA Stock Data

1.70M
1.56B
0%
Pollution & Treatment Controls
Industrials
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United States of America
Farmers Branch