PURA Builds Strategic Investment Strategy For New Farmersville Hemp Brand

Rhea-AI Summary

Puration, Inc. (USOTC: PURA) announced discussions with a substantial investor to accelerate its Farmersville Hemp Brand initiative. The company aims to create a cooperative for hemp growers and processors, offering financial support for production. PURA has previously invested in Alkame Holdings and a cannabis supply chain company. The global industrial hemp market is projected to grow from $5 billion in 2019 to $36 billion by 2026. PURA plans to host seminars on hemp innovation in its newly cleared 70-acre facility in Farmersville, Texas, starting in Q4 2021.

Positive

• Entering discussions with a significant investor to enhance growth.
• Establishing a cooperative marketing initiative for hemp producers could increase market share.
• Significant potential in a growing market projected to reach $36 billion by 2026.
• Plans for hands-on seminars to drive innovation in existing products.

Negative

• None.

DALLAS, Oct. 7, 2021 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) ("PURA") today announced entering discussions with a substantial investor to structure financial backing that could accelerate PURA's new Farmersville Hemp Brand initiative.

PURA is building hemp processing and cultivation partners with the intention of establishing an industrial hemp brand cooperative under the Farmersville Hemp Brand name.  In the fashion that Sun-Maid Raisins collectively markets for growers all selling under one brand name, PURA plans to collectively market for multiple hemp growers and processors under the Farmersville Hemp Brand name.

To rapidly establish a foothold in the industrial hemp market with the Farmersville Hemp Brand name, and to accelerate revenue growth under the Farmersville Hemp Brand name for both PURA and its hemp grower and processor partners, PURA plans to provide financing for growing and production to its Farmersville Hemp Brand partners.

PURA is refining and expanding an investment initiative already demonstrated, for example, through PURA's acquisition of a 5% equity interest in Alkame Holdings, Inc. (ALKM), an innovative copacker and leader in the packaging of CBD infused food and beverage products.  PURA's investment initiative is further demonstrated through a $1 million investment structured earlier this year in a cannabis agricultural supply chain company.

The global industrial hemp market was estimated at $5 billion in 2019 and expected to grow to $36 billion by 2026.

A key strategy to the Farmersville Hemp Brand collective marketing initiative will be to conduct focused, hands-on seminars for established companies with existing products that do not incorporate hemp and demonstrate to those established companies how hemp can be used to innovate their existing product lines.

The company recently broke ground on its 70-acre property in Farmersville Texas.  A construction pad has been cleared for the building of multiple buildings where PURA will facilitate hands-on marketing for a wide variety of products that can be derived from hemp. 

The Farmersville Hemp Brand Facility will be able to host client companies for seminars to demonstrate hemp processing and how hemp can be used as a natural, cost effective and even superior alternative to currently available construction materials, nutraceuticals and pharmaceuticals, clothing, fuel, and plastics - to name just a few.  According to one source, more than 25,000 products can be made from hemp.

PURA does not plan to wait on the completion of construction in Farmersville to begin its seminars.  PURA intends to imminently complete its hemp innovation curriculum and launch its first seminars in Q4 2021.

The global industrial hemp market includes hemp seed, hemp seed oil, hemp hiber, CBD hemp oil, with applications in industries to include food, beverages, personal care products, textiles, construction and pharmaceutical.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that Alkame will achieve significant sales, the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

For more information on Puration, visit http://www.purationinc.com

Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com 
+1 (800) 861-1350

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SOURCE Puration, Inc.

FAQ

What is the recent announcement from Puration (PURA) regarding its Farmersville Hemp Brand?

Puration announced discussions with a substantial investor to accelerate its Farmersville Hemp Brand initiative, aiming to create a cooperative for hemp growers.

What is the projected growth of the industrial hemp market mentioned by PURA?

The industrial hemp market is expected to grow from $5 billion in 2019 to $36 billion by 2026.

When does Puration plan to launch its seminars on hemp innovation?

Puration intends to launch its first seminars in Q4 2021.

What kind of support will PURA provide to its Farmersville Hemp Brand partners?

PURA plans to provide financial backing for growing and production to its Farmersville Hemp Brand partners.

How will PURA's new facility in Farmersville contribute to its business strategy?

The facility will host seminars to demonstrate hemp processing and its applications in various industries.