PURA Announces 2022 $1 Million Revenue Forecast For New Farmersville Hemp Brand

Rhea-AI Summary

Puration, Inc. (USOTC: PURA) projects a conservative revenue forecast of $1 million for 2022, driven by its new Farmersville Hemp Brand. CEO Brian Shibley emphasizes the importance of the Farmersville property, which aims to act as an educational facility for integrating industrial hemp into existing businesses. Revenue will stem from three sources: education, branding, and strategic partnerships. Key partnerships, including a 5% stake in Alkame Holdings and a $1 million investment in cannabis supplies, are expected to enhance brand development and provide substantial ROI opportunities.

Positive

• Revenue forecast of $1 million for 2022, signaling growth potential.
• Development of the Farmersville property as a facility for education and collaboration, promoting industrial hemp use.
• Strategic partnerships formed to enhance Farmersville Hemp Brand growth and expected high returns on investments.

Negative

• None.

DALLAS, Nov. 22, 2021 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today announced the company is initially forecasting $1 million in revenue for 2022.  Management believes the forecast is conservative and anticipates potentially revisiting the revenue forecast more than once next year.

CEO Brian Shibley last week published an update outlining three target sources of revenue.  The letter has been republished below in its entirety:

Dear Shareholders –

We have just entered the fourth quarter of 2021 which we expect to be a pivotal period catapulting the company's new Farmersville Hemp Brand into 2022 to begin generating and rapidly growing revenue.

Yes, Covid hindered our transition, but it didn't stop it and we are confident the Covid hurdles are now behind us.

Central to our Farmersville Hemp Brand strategy is the Farmersville property we acquired and are now developing. 

We acquired the property from UC Asset LP (OTCQX: UCASU) one year ago and inspired by our plan, UCASU has now joined PURA as a partner to provide real estate financing to PURA's Farmersville Hemp Brand partners in addition to financing the construction of PURA's Farmersville facility.

The Farmersville facility will operate as a university where we intend to provide education on the potential of industrial hemp to enhance and improve existing operations of a myriad of existing companies.

But I'm getting a little ahead of myself, let me back up and start with an overview of our business plan getting ready to go into action in Q1 2022 after much transition work and one or two Covid hurdles.

PURA plans to generate income from three sources: Education, Branding and Partnerships.

Education

PURA, under the Farmersville Hemp Brand, will target prospective client companies that could use industrial hemp to improve existing operations and products.  PURA will provide a multi-day fee-based service on sight at their Farmersville facility to conduct general and custom education and consulting services to guide clients toward the integration of hemp into their operations and products.

PURA expects the existing market wide sustainability trend to provide a tailwind to this education and consulting service.  The Green Technology and Sustainability Market is expected to expand from $9 billion reported in 2021 to over $41 billion by 2028.  The World Economic Forum publish a report at Davos identifying $12 trillion in economic opportunities from implementing the UN Sustainable Development Goals.

While the facility construction will not be complete in Q1 of 2022, PURA will initially conduct training at an alternative site.

Branding

PURA's ultimate goal is to build a co-op of hemp growers and processors under the Farmersville Hemp Brand that can provide industrial hemp products and services to existing corporations that can enhance and improve their own operations and products with the adoption and integration of hemp.

Farmersville Hemp, similar to the way that Sun-Maid Raisins collectively markets for growers all selling under one brand name, intends to generate revenue by selling for hemp growers and processors under the Farmersville Hemp Brand.

Partnerships

PURA expects to generate revenue through select strategic partnerships, some of which are already established and disclosed on PURA's financial statement.

PURA has acquired a 5% interest in Alkame Holdings, Inc. (ALKM) an innovative copacker that has developed a standout expertise in the packaging of hemp extract infused consumable products.  PURA expects the partnership with Alkame to be strategic to the development of the Farmersville Brand as Alkame provides key services to Farmersville Brand co-op participants.

PURA has also made a $1 million strategic investment through a limited partnership in a company providing cannabis growing supplies.  Again, PURA expects the partnership to be strategic to the development of the Farmersville Brand.

In both instances, PURA expects the partnerships not only to be strategic to the development of the Farmersville Brand, but also to present opportunities for PURA's investment in the partnerships to be monetized with potentially substantial ROIs.

Summary

Now, with the overview of PURA's three anticipate revenue sources, I believe the Farmersville property and facility as a cornerstone make more sense.

The transaction has admittedly taken longer than anticipated, but we are now there.  Q4 is a pivotal period, and 2022 will see the start of revenue and rapid growth under the new Farmersville Hemp Brand business model.

Q4 will be a busy time, stay tuned for updates.

Brian Shibley
CEO

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

View original content:https://www.prnewswire.com/news-releases/pura-announces-2022-1-million-revenue-forecast-for-new-farmersville-hemp-brand-301430073.html

SOURCE Puration, Inc.

FAQ

What is Puration's revenue forecast for 2022?

Puration forecasts $1 million in revenue for 2022 from its Farmersville Hemp Brand.

What are the main revenue sources for Puration?

Puration expects to generate revenue from education, branding, and strategic partnerships under the Farmersville Hemp Brand.

Which strategic partnerships has Puration established?

Puration has a 5% interest in Alkame Holdings and made a $1 million investment in a cannabis growing supplies company.

What role does the Farmersville property play for Puration?

The Farmersville property will serve as an educational facility to help companies integrate industrial hemp into their operations.

How does the market trend impact Puration's business model?

The growing sustainability trend is expected to benefit Puration's education and consulting services related to industrial hemp.