PURA Farmersville Hemp Brand Attracts Investment Interest

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) announced discussions with a major investor to accelerate its Farmersville Hemp Brand initiative. This initiative aims to create a cooperative for hemp processing and cultivation, drawing inspiration from models like Sun-Maid Raisins. PURA plans to provide financial backing for its partners to boost revenue. The global industrial hemp market is projected to grow from $5 billion in 2019 to $36 billion by 2026. Furthermore, PURA is set to launch hemp innovation seminars in Q4 2021 to demonstrate the product's versatility across various industries.

Positive

• Engaged in discussions with a substantial investor to facilitate the Farmersville Hemp Brand initiative.
• Plans to create a cooperative for hemp growers and processors, enhancing collective marketing efforts.
• Investment initiatives include a 5% equity interest in Alkame Holdings and a $1 million investment in a cannabis supply chain company.
• The global industrial hemp market is projected to grow significantly, presenting potential opportunities for PURA.

Negative

• None.

Dallas, TX, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) (“PURA”) today announced entering discussions with a substantial investor to structure financial backing that could accelerate PURA’s new Farmersville Hemp Brand initiative.

PURA is building hemp 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.

PURA is refining and expanding an investment initiative already demonstrated, for example, through PURA’s acquisition of a 5% equity interest in Alkame Holdings, Inc. (OTC Pink: ALKM), an innovative copacker and leader in the packaging of CBD infused food and beverage products.  PURA’s investment initiative is further demonstrated through a $1 million investment structured earlier this year in a cannabis agricultural supply chain company.

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.

FAQ

What is Puration Inc.'s recent announcement regarding the Farmersville Hemp Brand initiative?

Puration announced discussions with a major investor to accelerate its Farmersville Hemp Brand initiative, which aims to create a cooperative marketing approach for hemp growers.

What market opportunity is Puration targeting with its Farmersville Hemp Brand initiative?

Puration is targeting the global industrial hemp market, projected to grow from $5 billion in 2019 to $36 billion by 2026.

When does Puration plan to launch its first seminars on hemp innovation?

Puration intends to launch its first hemp innovation seminars in Q4 2021.

What is Puration's strategy for establishing its Farmersville Hemp Brand?

Puration plans to provide financial backing for its partners to boost revenue growth and conduct hands-on seminars to demonstrate hemp's versatility in various industries.

How does Puration plan to support hemp growers and processors?

Puration plans to collectively market for multiple hemp growers and processors under the Farmersville Hemp Brand name and provide financing for growth and production.