PURA Announces Agreement Designed To Improve Industrial Hemp Strategy Posture

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) has announced a strategic agreement aimed at enhancing its resources amidst challenging market conditions. This follows previous discussions reported on May 26. The company plans to leverage its 70-acre Texas property to attract a cash infusion within 90 days, expected to bolster its sustainability. PURA's strategy includes consulting on hemp integration, selling hemp products through the Farmersville Hemp Co-Op, and investing in industrial hemp solutions. Regular updates on their adaptive strategy will be shared as market conditions evolve.

Positive

• Secured a strategic agreement to enhance resources amidst market challenges.
• Expected cash infusion within 90 days to improve sustainability.
• Leveraging a 70-acre Texas property to support business operations.

Negative

• None.

Dallas, TX, July 07, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today announced entering into an agreement designed to improve the company’s resources to sustain through the prevailing market conditions. The agreement is a result of the strategic discussions announced on May 26^th..

PURA is building its Farmersville Hemp Brand to advance and profit from the potential of industrial hemp.  PURA has a multifold strategy that includes generating revenue from consulting on the implementation of hemp strategies into conventional product and service offerings, the sale of hemp products and services under the Farmersville Hemp Co-Op, and through investing in industrial hemp solutions.

PURA has identified its 70-acre property in Texas as a resource that can be leveraged to provide the company with improved potential to sustain itself through the prevailing market conditions. The agreement announced today is anticipated to result in PURA receiving a cash infusion within the next 90 days that will improve the company’s posture for sustaining through the current market downturn.

The company intends to provide regular updates as it continues to adapt its strategy to address the current market and economy.

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

FAQ

What recent agreement did Puration (PURA) announce?

Puration announced a strategic agreement to enhance its resources to sustain through current market conditions.

What is Puration's strategy for sustaining through market downturns?

Puration's strategy includes leveraging its Texas property and obtaining a cash infusion within 90 days.

What does Puration plan to do with its Farmersville Hemp Brand?

Puration aims to generate revenue from consulting on hemp strategies and selling products through the Farmersville Hemp Co-Op.

When were the strategic discussions related to this agreement announced?

The strategic discussions were announced on May 26.