PURA and PAOG Partner On CBD Lab Construction And Hemp Cultivar Development
Puration, Inc. (PURA) has partnered with PAO Group, Inc. (PAOG) to establish the Farmersville Hemp Brand initiative, aimed at creating a cooperative for hemp growers and processors. This initiative will collectively market hemp products, akin to the Sun-Maid Raisins model. PAOG will leverage its patented extraction method to develop CBD nutraceuticals, with sales expected to begin in Q4 2021. PURA is set to host seminars on hemp innovation at its new 70-acre facility in Farmersville, Texas, focusing on utilizing hemp across various industries. The global industrial hemp market is projected to grow significantly, from $5 billion in 2019 to $36 billion by 2026.
- Partnership with PAOG enhances PURA's market position in the hemp industry.
- Establishment of Farmersville Hemp Brand opens avenues for collective marketing.
- PLans to host seminars on hemp innovation can attract established companies.
- Dependence on the success of PAOG's CBD product launch in Q4 2021.
Dallas, Texas, Oct. 15, 2021 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) (“PURA”) and PAO Group, Inc.’s (OTC Pink: PAOG) (“PAOG”) today confirmed PAOG’s partnership within PURA’s new Farmersville Hemp Brand initiative.
PURA is building hemp processing and cultivation partnerships with the intention of establishing an industrial hemp brand cooperative under the Farmersville Hemp Brand name. In the fashion that Sun-Maid Raisins collectively markets for growers all selling under one brand name, PURA plans to collectively market for multiple hemp growers and processors under the Farmersville Hemp Brand name.
PAOG is developing nutraceutical and pharmaceutical treatments derived from the company’s intellectual property surrounding research into CBD extracted in association with a patented extraction method (U.S. Patent No. 9,199,960). PAOG expects to realize its first CBD nutraceutical product sales beginning imminently in Q4, 2021. The company confirms shipping its first CBD nutraceutical product to its distribution partner, North American Cannabis Holdings, Inc. (OTC Pink: USMJ).
In conjunction with PAOG’s ongoing CBD research, PAOG is specifically partnering with PURA in the dosing and construction of a lab and greenhouse for cultivating pharmaceutical grade hemp and developing proprietary hemp cultivars.
The overall global industrial hemp market was estimated at
A key strategy to the Farmersville Hemp Brand collective marketing initiative will be to conduct focused, hands-on seminars for established companies with existing products that do not incorporate hemp and demonstrate to those established companies how hemp can be used to innovate their existing product lines.
The company recently broke ground on its 70-acre property in Farmersville Texas. A construction pad has been cleared for the building of multiple buildings where PURA will facilitate hands-on marketing for a wide variety of products that can be derived from hemp.
The Farmersville Hemp Brand Facility will be able to host client companies for seminars to demonstrate hemp processing and how hemp can be used as a natural, cost-effective and even superior alternative to currently available construction materials, nutraceuticals and pharmaceuticals, clothing, fuel, and plastics - to name just a few. According to one source, more than 25,000 products can be made from hemp.
PURA does not plan to wait on the completion of construction in Farmersville to begin its seminars. PURA intends to imminently complete its hemp innovation curriculum and launch its first seminars in Q4 2021.
For more information on Puration, visit http://www.purationinc.com
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
+1 (800) 861-1350
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that Alkame will achieve significant sales, the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
FAQ
What is the Farmersville Hemp Brand initiative by PURA?
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