PURA Announces First Farmersville Hemp Clients Targeting $10 Million 2022 Revenue

Rhea-AI Summary

Puration, Inc. (USOTC: PURA) has signed its first Farmersville Hemp clients, contributing to its revenue objectives for 2022. The company forecasts initial revenue of $1 million, with potential to reach $10 million. This revenue model focuses on three sources: education, branding, and partnerships. The first $1 million forecast is based on education services alone, aimed at optimizing the hemp integration into clients' products. Management suggests upward revisions to revenue forecasts throughout 2022 may occur as additional clients are engaged.

Positive

• First Farmersville Hemp customers engaged, contributing to 2022 revenue goals.
• Forecasted revenue of $1 million for 2022 with potential to reach $10 million.
• New business model based on education, branding, and partnerships.

Negative

• None.

DALLAS, Dec. 21, 2021 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today announced signing its first Farmersville Hemp clients that will in turn contribute to the company's 2022 revenue objectives.

The company has forecasted $1 million in revenue for 2022 with the potential for revenue to reach $10 million.

PURA has established a new business model to build an industrial hemp business with 3 sources of revenue – education, branding and partnerships.

The initial $1 million in revenue forecasted for next year conservatively only encompasses revenue coming from its education line of business which is designed to ignite the revenue potential of the branding and partnership business lines.

Management indicates the branding and particularly the partnership lines of business also have a high potential of contributing revenue next year. Accordingly, management has indicated the possibility that the initial revenue forecast maybe revised upward more than once in the course of 2022.

PURA has engaged its first three Farmersville Hemp Brand customers.  The customers announced today have signed up for PURA's education services.  The education services consist of a consultative curriculum customized for each client to design specific strategies for hemp to be incorporated into the client's products and services to enhance their offering with more sustainable, durable and efficient products and services.

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-first-farmersville-hemp-clients-targeting-10-million-2022-revenue-301449253.html

SOURCE Puration, Inc.

FAQ

What revenue does Puration, Inc. (PURA) forecast for 2022?

Puration, Inc. forecasts $1 million in revenue for 2022, with potential to reach $10 million.

Who are the first Farmersville Hemp clients for PURA?

PURA has signed its first three Farmersville Hemp clients for its education services.

What is the focus of PURA's new business model?

PURA's new business model focuses on education, branding, and partnerships in the industrial hemp industry.

How does PURA plan to generate revenue?

PURA plans to generate revenue through education services aimed at helping clients incorporate hemp into their products.