PURA and PAOG Announce CBD IP Deal In Conjunction With New CBD Infused Product Developments

Rhea-AI Summary

Puration, Inc. (PURA) and PAO Group, Inc. (PAOG) have completed a transaction where PAOG acquires an exclusive license for a patented cannabis extraction process from PURA, enhancing PAOG's CBD intellectual property portfolio. The license acquisition follows PAOG's previous research into CBD extraction methods and is crucial for developing pharmaceutical and nutraceutical treatments. PURA is transitioning its focus to the Farmersville Hemp brand, with the partnership intending to create CBD-infused products. PURA will receive royalties from this licensing agreement.

Positive

• PAOG acquires exclusive license to PURA's patented cannabis extraction process, expanding its CBD intellectual property.
• Partnership between PAO Group and Puration aims to develop CBD-infused products under the Farmersville Hemp brand.

Negative

• None.

Sandusky, OH, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) and PAO Group, Inc. (OTC Pink: PAOG) announced the closing of a transaction today whereby PAOG has acquired an exclusive license to a patented cannabis extraction process from PURA that will expand PAOG’s existing CBD intellectual property.

Last year, PAOG acquired intellectual property derived through research into CBD extracted in association with a patented extraction method (U.S. Patent No. 9,199,960).  Now the company will acquire a license to the patent itself from PURA.

PAOG is developing both pharmaceutical and nutraceutical treatments for humans based on this intellectual property.

PURA has updated its business model over the course of the last year and is now focusing on the development of a hemp business cooperative under the brand name Farmersville Hemp. 

PAOG acquired the license from PURA in exchange for a royalty to be received by PURA.

PAOG and PURA are partnering on the development of CBD infused products to be marketed under the Farmersville Hemp brand name.

For more information on Puration, visit http://www.purationinc.com

Learn more about PAOG at www.paogroupinc.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

Jim DiPrima
888-272-6472
info@pao.group

FAQ

What is the recent transaction involving Puration (PURA) and PAO Group (PAOG)?

PURA has granted PAOG an exclusive license for a patented cannabis extraction process, enhancing PAOG's CBD capabilities.

How does the licensing agreement benefit Puration (PURA)?

PURA will receive royalties from PAOG's licensing of the cannabis extraction process and is focusing on its Farmersville Hemp brand.

What products are expected from the partnership between PURA and PAOG?

The partnership is set to develop CBD-infused products marketed under the Farmersville Hemp brand.

What intellectual property was involved in the recent deal between PURA and PAOG?

PAOG acquired a license for a patented cannabis extraction method from PURA, which is pivotal for PAOG's CBD intellectual property.