PURA and PAOG Confirm CBD IP Deal Schedule To Close Friday

Rhea-AI Summary

Puration, Inc. (PURA) has finalized terms with PAO Group, Inc. (PAOG) for the latter to acquire an exclusive license for a patented cannabis extraction process. This acquisition enhances PAOG's CBD intellectual property portfolio. The deal follows PAOG's previous acquisition of related intellectual property and is aimed at developing pharmaceutical and nutraceutical treatments. PURA is now focusing on a hemp business cooperative named Farmersville Hemp and forecasts an estimated $1 million revenue for 2022, with potential for substantial growth through partnerships.

Positive

• PAOG acquires an exclusive license for a patented cannabis extraction process from PURA.
• The acquisition enhances PAOG's CBD intellectual property portfolio.
• PURA forecasts $1 million in revenue for 2022, with potential for exceeding this through partnerships.

Negative

• None.

Sandusky, OH, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) and PAO Group, Inc. (OTC Pink: PAOG) today confirmed the companies have finalized terms for PAOG to acquire an exclusive license to a patented cannabis extraction process from PURA that will expand the 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.  PURA has recently detailed its new business model and three anticipated sources of revenue.  PURA has provided an initial, estimated $1 million forecast for 2022 and highlighted how its “partnership” revenue stream may contribute to a substantially exceeding the initial estimated forecast:

PURA Highlights Dark Horse Potential To Substantially Exceed $1M Revenue Forecast

The acquisition is expected to close this Friday, on December 3rd.

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 deal between Puration Inc. (PURA) and PAO Group Inc. (PAOG)?

PURA has finalized a deal for PAOG to acquire an exclusive license to a patented cannabis extraction process, expanding PAOG's CBD intellectual property.

When is the acquisition deal between PURA and PAOG expected to close?

The acquisition is expected to close on December 3, 2021.

What revenue does PURA forecast for 2022?

PURA provides an estimated revenue forecast of $1 million for 2022.