PURA Believes Hemp Can Take A Big Bite Into The $77 Billion Plant Based Food Market

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) is advancing its Farmersville Hemp Brand as a multi-industry disruptor with significant implications for sustainability by 2050. The company has targeted the $600 billion global lumber market, $200 billion steel rebar market, and is now focusing on the plant-based food market, which is projected to grow from $44 billion in 2022 to $77 billion by 2028. PURA is establishing a Co-Op for hemp growers and processors to enhance joint marketing efforts and plans to update shareholders on revenue transitions and new market developments including a deal in Asia.

Positive

• Targeting multi-billion dollar markets: lumber, steel, and plant-based foods.
• Establishing a Co-Op for hemp growers to enhance market presence.
• Anticipated growth in the plant-based food market from $44 billion in 2022 to $77 billion by 2028.

Negative

• None.

Dallas, Texas, April 07, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) is building its Farmersville Hemp Brand as a multi-industry disruptor that can improve many existing products and services and at the same time contribute notably to the 2050 sustainability objectives.

PURA recently announced a strategy targeted at disrupting the $600 billion global lumber market and the $200 billion steel rebar market.  Now PURA is taking aim at the plant based food market.

The plant-based food market is already a disruptive market in and of itself, and PURA believes hemp can disrupt the disruptive plant based food market.

The plant based food market is anticipated to reach a value of $44 billion in 2022 and grow to $77 billion by 2028.

Planet Based Foods today announced its latest progress in its ongoing development of hemp based foods:

“Since 2019, Planet Based Foods, has been focused on transforming hemp protein into plant-based foods. The company offers the first plant-based meat featuring hemp as the primary ingredient.”

See the full press release from Planet Based Foods:

Top Five Reasons Why SuperFood Hemp is Great for the Environment

PURA is building a Co-Op of hemp growers and processors to jointly market under the Farmersville Hemp Brand Name. Co-Op partners include, for example, PAO Group, Inc. (OTC Pink: PAOG) and Alkame Holdings, Inc. (OTC Pink: ALKM).

PURA management plans to release a shareholder update in conjunction with the coming 2021 annual report (The company filed an extension and intend to publish the report within the extension window).

The update will highlight the company’s transitioning revenue building on the royalties from its former EVERx CBD Sports Beverage sold to North American Cannabis Holdings, Inc. (OTC Pink: USMJ) and now adding Farmersville Hemp revenue.

The update will also include the latest information on the company’s developing deal in Asia to expand its access to hemp growers as well as the company’s progress on introducing a cyrpto carbon credit strategy.

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, Inc.'s strategy for the plant-based food market?

Puration, Inc. aims to disrupt the plant-based food market by leveraging hemp as a primary ingredient in their products.

How does Puration plan to grow its Farmersville Hemp Brand?

Puration plans to grow its Farmersville Hemp Brand by building a Co-Op of hemp growers and processors for joint marketing efforts.

What are the projected growth figures for the plant-based food market?

The plant-based food market is projected to grow from $44 billion in 2022 to $77 billion by 2028.

What revenue updates can shareholders expect from Puration?

Shareholders can expect an update on revenue transitions, including royalties from the former EVERx CBD Sports Beverage and new revenue from Farmersville Hemp.