PURA Confirms LOI Cornerstone To $100 Million Hemp Brand Strategy

Rhea-AI Summary

Puration, Inc. (PURA) has announced a letter of intent to acquire a 72-acre property in Farmersville, TX, as part of its $100 million Farmersville Brands strategy. This strategic move signifies a shift from the company's existing hemp-derived CBD beverage business to a broader holistic lifestyle branding approach targeting a $20 billion niche market, within a total market valuation of at least $2 trillion. The planned acquisition aims to enhance PURA's growth and development in this competitive landscape.

Positive

• Acquisition of 72-acre property in Farmersville, TX, for $1.3 million, signaling a significant investment.
• A $100 million investment to boost the Farmersville Brands strategy, indicating strong financial backing.
• PURA's pivot towards a broader holistic lifestyle branding approach creates potential access to a $20 billion niche market.

Negative

• None.

DALLAS, Sept. 14, 2020 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today confirmed entering into a letter of intent (LOI) agreement to acquire a 72-acre property in Farmersville, TX.  The planed real estate acquisition is the cornerstone of PURA's Farmersville Brands strategy to be infused with a $100 million investment.

PURA recently introduced Farmersville Brands and announced a major juncture in the company's growth and development as the company pivots from its hemp derived CBD beverage industry foundation to launch a Texas flavored, holistic lifestyle branded approach into a broader, but still niche, $20 billion sector within an overall market worth at least $2 trillion.

See PURA Announces $100 Million Farmersville Brand Strategy to learn more.

See PURA Announces LOI to Acquire Farmersville, Texas Property from UC Asset for $1.3M to learn more about the real estate acquisition LOI.

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

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 any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' 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. 

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

 

View original content:http://www.prnewswire.com/news-releases/pura-confirms-loi-cornerstone-to-100-million-hemp-brand-strategy-301130313.html

SOURCE Puration, Inc.

FAQ

What is the significance of Puration's recent LOI for acquiring property in Farmersville, TX?

The LOI represents a key strategic move for Puration, marking the foundation of its $100 million investment into the Farmersville Brands strategy.

How much is Puration investing in the Farmersville Brands strategy?

Puration is investing $100 million in the Farmersville Brands strategy to expand its market reach.

What is the size of the market Puration is targeting with its new strategy?

Puration's new strategy targets a $20 billion niche market within an overall market worth at least $2 trillion.

How much is Puration paying for the Farmersville property?

Puration is set to acquire the 72-acre property in Farmersville, TX, for $1.3 million.