PURA Expects Rapid Revenue Growth From New Farmersville Hemp Brand - Here's Why

Rhea-AI Summary

Puration, Inc. (USOTC: PURA) announced a strategic initiative for collective marketing of hemp products under the Farmersville Hemp Brand. The aim is to support hemp growers and processors by providing financing and creating a brand cooperative similar to Sun-Maid. The global industrial hemp market is projected to grow from $5 billion in 2019 to $36 billion by 2026. PURA is also constructing a facility in Farmersville, Texas, to host educational seminars on hemp applications. The company plans to launch its hemp innovation curriculum in Q4 2021 to drive early engagement.

Positive

• Launch of the Farmersville Hemp Brand to collectively market hemp products.
• Projected growth of the industrial hemp market from $5 billion in 2019 to $36 billion by 2026.
• Establishment of a facility in Farmersville, Texas, for hands-on marketing and education.
• Plans to provide financing to partners, potentially accelerating revenue growth.

Negative

• None.

DALLAS, Oct. 5, 2021 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) ("PURA") today announced the company's hemp industry wide strategic initiative to collectively market for multiple hemp growers and processors under a single brand name - Farmersville Hemp – includes plans to provide hemp growers and processors with financing.

PURA is building 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.

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.

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

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

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.

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SOURCE Puration, Inc.

FAQ

What is Puration's new initiative regarding Farmersville Hemp?

Puration is launching a collective marketing initiative for hemp products under the Farmersville Hemp Brand, aimed at supporting hemp growers and processors.

What financing plans does Puration have for its Farmersville Hemp Brand?

Puration plans to provide financing to hemp growers and processors to support their production and growth under the Farmersville Hemp Brand.

When does Puration plan to launch its hemp innovation seminars?

Puration aims to launch its hemp innovation curriculum and first seminars in Q4 2021.

What is the expected growth of the industrial hemp market?

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

Where is Puration building its Farmersville Hemp Brand facility?

Puration is constructing its Farmersville Hemp Brand facility in Farmersville, Texas, to host marketing seminars.