PURA Anticipated Cash Infusion Expected To Fuel Cannabis Market Strategy Transition

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) announced a potential cash infusion in the next 90 days aimed at transforming its cannabis market strategy. This development follows a marijuana cultivation license obtained by its sister company, North American Cannabis Holding’s Inc. (OTC Pink: USMJ), prompting both companies to adapt their strategies to leverage the new license and changing market conditions. CEO Brian Shibley emphasized the cannabis industry's growth potential and the necessity for businesses to evolve continuously. Regular updates on the transition are expected.

Positive

• Anticipated cash infusion within 90 days to strengthen market strategy.
• Opportunity to adapt to favorable market conditions following the acquisition of a marijuana cultivation license.

Negative

• None.

Dallas, TX, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today announced an agreement remains in the works that is anticipated to result in a cash infusion within the next 90 days.  Management expects the cash infusion to fuel a transition of the company’s overall cannabis market strategy.  The marijuana cultivation license recently announced by PURA’s sister company, North American Cannabis Holding’s Inc. (OTC Pink: USMJ) has triggered an overall initiative for PURA and USMJ to evolve their respective cannabis market strategies to take advantage of the license and to adapt to the latest market conditions.

“It is my opinion that the cannabis sector, from industrial hemp to recreational adult use marijuana to cannabis pharmaceuticals, remains an industry in its infancy with greatest market value appreciation yet to come,” said PURA CEO Brian Shibley. “It is incumbent upon businesses developing opportunities in the cannabis sector to continuously adapt and evolve their strategies.  As long as the cannabis sector remains in its infancy, PURA will continue to adapt and evolve.”

Look for regular updates from PURA as the company progresses with transitioning its overall cannabis sector strategy.

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 the anticipated cash infusion for Puration, Inc. (PURA)?

Puration, Inc. expects a cash infusion within the next 90 days to support its cannabis market strategy.

How does the marijuana cultivation license affect Puration, Inc. (PURA)?

The license obtained by North American Cannabis Holding's Inc. will enable Puration to evolve its market strategies and capitalize on new opportunities.

Who is the CEO of Puration, Inc. (PURA)?

The CEO of Puration, Inc. is Brian Shibley.

What market strategy changes are expected for PURA in the coming months?

PURA is expected to transition its overall cannabis market strategy in response to changing market conditions and new opportunities.

When can we expect updates on Puration, Inc.'s (PURA) market strategy?

Regular updates on the transition of Puration's market strategy are anticipated as the company progresses.