PURA Confirms Farmersville Hemp Strategic Update Scheduled Next Week

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) announced it will release a report on February 22, 2022, detailing its progress on the 2022 strategic plan. The company aims for at least $1 million in revenue, with a potential target of $10 million, bolstered by advancements with co-op partners. PURA is expanding its hemp initiative under the Farmersville Hemp brand, forming a co-op of growers and processors to enhance market awareness. The industrial hemp market is projected to reach $18 billion by 2026, with PURA management believing the actual potential is higher due to underestimations

Positive

• PURA anticipates generating at least $1 million in revenue in 2022, with a potential of up to $10 million, which signifies strong growth expectations.
• The company is actively expanding its hemp initiative and building a co-op of growers, enhancing brand recognition and market reach.
• The industrial hemp market is projected to grow substantially, with estimates reaching $18 billion by 2026, indicating a favorable market environment for PURA.

Negative

• None.

Dallas, Texas, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today confirmed the company will publish a report next week on the company’s progress to date on the execution of its 2022 strategic plan. The update will be published on Tuesday, February 22^nd.

PURA anticipates generating at least $1 million in revenue in 2022 with the potential to reach $10 million in revenue. The $10 million revenue opportunity outlook is improving based on the recent progress of PURA’s co-op partners.

Last year, PURA launched an initiative to expand the utilization of hemp worldwide under the brand name Farmersville Hemp.

PURA is building a co-op of hemp growers and processors to raise market awareness around the multitude of yet to be realized uses of hemp and build a brand name to benefit all co-op participants under the name Farmersville Hemp.

PURA published a 2022 strategic overview at the onset of this year detailing the company’s plan to grow revenue and increase shareholder value by driving market wide demand for the “multitude of yet to be realized uses of hemp.”

The industrial hemp industry, to include the portion of CBD exclusively from hemp, is anticipated to grow to $18 billion by 2026.

PURA management thinks this is a substantial underestimate because the industry has yet to recognize the multitude of ways hemp can be utilized.

The Sustainability Market is expected to expand from $9 billion reported in 2021 to over $41 billion by 2028.

PURA management believes the impact hemp can have on sustainability is not fully baked into the industrial hemp forecasts.

PURA co-op partners include Alkame Holdings, Inc. (OTC Pink: ALKM), PAO Group, Inc. (OTC Pink: PAOG), North American Cannabis Holdings, Inc. (OTC Pink: USMJ), and UC Asset LP (OTCQX: UCASU).

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 the expected revenue for Puration in 2022?

Puration anticipates generating at least $1 million in revenue in 2022, with the potential to reach $10 million.

When will Puration publish its strategic plan update?

Puration will publish its report on the 2022 strategic plan on February 22, 2022.

What is the goal of Puration's Farmersville Hemp initiative?

The Farmersville Hemp initiative aims to expand the utilization of hemp worldwide and raise market awareness.

What is the projected market growth for the industrial hemp industry?

The industrial hemp market is projected to reach $18 billion by 2026.

How is Puration supporting its revenue goals?

Puration is building a co-op of hemp growers and processors to enhance brand recognition and market demand.