PURA Announces Hemp Growers Cryptocurrency Carbon Credit Plan

Rhea-AI Summary

Puration (PURA) has announced a new cryptocurrency initiative aimed at linking hemp growers to income derived from carbon credits through carbon sequestration benefits of hemp cultivation. This strategic shift comes post their 2021 annual report, transitioning from a CBD beverage focus to the broader industrial hemp market, which holds greater potential. The company plans to establish a standardized carbon measurement system and is working with a third party to develop a cryptocurrency that will aid farmers in covering cultivation costs while maximizing income from carbon credits.

Positive

• Transitioning to the industrial hemp market offers significantly larger growth potential than previous CBD beverage focus.
• The initiative could provide additional income streams for hemp growers through carbon credits.
• Development of a recognized CO2 measurement standard for hemp cultivation underway.

Negative

• None.

Dallas, Texas, April 26, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today released more details behind the company’s cryptocurrency initiative to connect hemp growers with the income potential from the carbon sequestering benefit of hemp cultivation.

PURA recently published an update following the release of the company’s 2021 annual report.  The update centered on the company’s overall 2021 transition from a CBD beverage operation into a much more broadly focused industrial hemp company.  The industrial hemp market is an exponentially larger opportunity than our previous CBD beverage focus.  The company is releasing a series of additional updates focused on specifics of the growing industrial hemp business.

PURA believes connecting a CO2 standardized measurement for the carbon sequestered by hemp with a cryptocurrency that represents the carbon credit value of the sequestered carbon can create meaningful income for hemp growers that adds to the income generated from selling hemp fiber and extracts.

“Hemp is a carbon sequestering heavyweight, one of the most carbon-gobbling crops in agriculture. On average, an acre of hemp sequesters about 11,000 pounds, or 5 metric tons of CO2 throughout photosynthesis during its growth cycle, according to New Frontier Data.” (Let’s Talk Hemp)

Work is already under way to create a recognized CO2 measurement standard for hemp cultivation – learn more.

At least one cryptocurrency backed by carbon credits has also already been created.

“It was not long ago that Tesla added carbon credit sales to its auto sales to generate its first profit,” commented Brian Shibley, CEO of PURA. “Certainly, hemp farmers should be eligible to take advantage of this same opportunity.”

In an effort to provide immediate help to hemp farmers, PURA has engaged with a third party to structure a cryptocurrency that will first link with the hemp crop income potential while working to certify the carbon credit opportunity.  The hemp crop potential will help farmers with the up-front cultivation expenses.  Both the cryptocurrency owner and the hemp farmer will maintain carbon credit upside potential.

The initial structure of the hemp farming carbon credit cryptocurrency ecosystem is expected to be completed within the next two weeks.  PURA will publish the initial ecosystem structure and look for feedback.

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 is Puration's new cryptocurrency initiative about?

Puration's initiative connects hemp growers to income from carbon credits through carbon sequestration benefits of hemp cultivation.

How does the cryptocurrency plan benefit hemp farmers?

The cryptocurrency will help farmers cover cultivation costs and provide income potential from carbon credits.

What transition has Puration made in its business model?

Puration has shifted from a CBD beverage operation to focusing on the broader industrial hemp market.

What is the significance of carbon sequestration in Puration's strategy?

Hemp is a top carbon-sequestering crop, enabling farmers to earn additional income through carbon credit sales.