PURA Enters Strategic Discussions To Bolster Industrial Hemp Strategy
Puration, Inc. (OTC Pink: PURA) announced a strategic plan to enhance its industrial hemp development strategy. The company is focusing on its Farmersville Hemp Brand, aiming to generate revenue through consultancy services, product sales, and investments in hemp solutions. CEO Brian Shibley noted challenges in accessing capital due to unfavorable market conditions, indicating a need for adaptability. Additionally, PURA is considering selling and leasing back its 70-acre Texas property to navigate current market challenges while continuing its development plans.
- PURA's multifold strategy includes consulting, product sales, and investments in industrial hemp, showcasing diverse revenue generation opportunities.
- Unfavorable market conditions have hindered access to capital, presenting significant challenges for development.
- PURA's reliance on its 70-acre property for future operations raises concerns about financial stability.
Dallas, Texas, May 26, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today announced a plan to bolster the company’s industrial hemp development strategy. This week, the company entered strategic discussions toward the execution of a key component of the plan.
PURA is building its Farmersville Hemp Brand to advance and profit from the potential of industrial hemp. PURA has a multifold strategy that includes generating revenue from consulting on the implementation of hemp strategies into conventional product and service offerings, the sale of hemp products and services under the Farmersville Hemp Co-Op, and through investing in industrial hemp solutions.
“PURA’s Farmersville Hemp Brand strategy is an early-stage development strategy and requires access to capital,” said PURA CEO Brian Shibley. “So far this year, the market has not been conducive to accessing capital and it is prudent for us to consider that the prevailing market conditions may continue for some time. Market conditions that favor development stage companies wax and wane. Development stage companies that succeed through market ups and downs adapt their strategies. We have developed a plan intended to keep PURA’s industrial hemp strategy on course through the prevailing market conditions.”
PURA has identified its 70-acre property in Texas as a resource that can be leveraged to provide the company with improved potential to sustain itself through the prevailing market conditions. PURA has entered into discussion to sell the property and lease it back. The company intends to continue in the execution of its Farmersville Hemp Brand strategy on the same property.
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
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