PURA Expects To Finalize Transaction This Week To Strengthen Industrial Hemp Strategy
Puration, Inc. (OTC Pink: PURA) is set to finalize a key transaction this week aimed at enhancing its industrial hemp development strategy. Following strategic discussions on May 26, the company is advancing its Farmersville Hemp Brand by consulting on hemp integration into products and services, and through hemp product sales. PURA plans to leverage its 70-acre Texas property, possibly selling and leasing it back to support its operations while continuing its brand strategy on the same land. A definitive announcement regarding this transaction is expected soon.
- PURA is finalizing a key transaction to strengthen its industrial hemp strategy.
- The Farmersville Hemp Brand is positioned to generate revenue through consulting and product sales.
- The company's 70-acre property in Texas is seen as a vital resource for sustaining operations.
- None.
Dallas, TX, June 28, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today announced the company expects to finalize a key transaction this week designed to strengthen the company’s industrial hemp development strategy. The transaction is a result of the strategic discussions announced on May 26th.
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 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.
PURA anticipates making a definitive announcement later this week or early next week on the specifics of the anticipated transaction to leverage the company’s 70-acre 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
FAQ
What is Puration's current transaction related to its hemp development strategy?
When did Puration announce strategic discussions related to its hemp business?
What does Puration's Farmersville Hemp Brand aim to achieve?
What is the significance of Puration's 70-acre Texas property?
When can we expect more details about Puration's anticipated transaction?
