PURA CEO Update On Farmersville Hemp Brand Business Progress Highlighting Cannabis Real Estate Finance Offering Scheduled This Thursday, Nov 18th

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) announced a CEO update from Brian Shibley on November 18, 2021, coinciding with the Q3 financial report release. The update will cover the company's new Farmersville Hemp Brand business model and its partnership with UC Asset LP (OTCQX: UCASU) to finance the construction of hemp facilities on a 72-acre property in Farmersville. This collaboration also includes plans for a cannabis extraction lab with PAO Group, Inc. The initiative aims to create a cooperative of hemp growers selling under one brand name similar to Sun-Maid Raisins.

Positive

• Scheduled CEO update on November 18, 2021, providing insights on business direction.
• Formation of a partnership with UC Asset LP to finance hemp facilities, enhancing operational capacity.
• Initiative to build a cooperative of hemp growers under one brand, potentially increasing market reach.

Negative

• None.

Dallas, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today announced the company has scheduled a CEO update from Brian Shibley to be published this Thursday, November 18^th, 2021, in conjunction with the recently published Q3 financial report.

The update will provide the latest on the company’s execution of its new Farmersville Hemp Brand business model, highlighting the recently announced working relationship with UC Asset LP (OTCQX: UCASU).

UCASU and PURA have recently announced entering into a letter of intent outlining terms for UCASU to finance the construction of PURA’s Farmersville Hemp Brand facilities on PURA’s 72-acre property in Farmersville.

PURA subsequently announced with PAO Group, Inc. (OTC Pink: PAOG) plans for the two to partner with UC Asset LP in the construction of a cannabis extraction lab.

PURA has launched an initiative to build a cooperative of hemp growers and processers all selling under one brand name, Farmersville Hemp, similar to the way that Sun-Maid Raisins collectively markets for growers all selling under one brand name.

UCASU’s plans with PURA come in conjunction with UCASU’s recently announced overall strategy to enter the cannabis real estate market. 

Look for more information on UCASU and PURA’s real estate partnership plans later this week within the CEO update.

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 date of the upcoming CEO update for Puration?

The CEO update from Brian Shibley is scheduled for November 18, 2021.

What new business model is Puration implementing?

Puration is executing a new Farmersville Hemp Brand business model.

Who is financing Puration's hemp facilities construction?

UC Asset LP is financing the construction of Puration's hemp facilities.

What is the partnership between Puration and PAO Group about?

Puration and PAO Group plan to partner with UC Asset LP to construct a cannabis extraction lab.