PURA Farmersville Hemp Brand Set For Growth As Institutional Investment Portfolios Expand Hemp Positions

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) highlighted insights from a recent Bloomberg article on the burgeoning hemp market in 2022. Demand for hemp is escalating due to environmental pushes, including carbon caps and plastic bans. PURA has unveiled a new business model focused on education, branding, and partnerships, forecasting $1 million in initial revenue for 2022, with potential growth to $10 million. Recently, three Farmersville Hemp clients were acquired, enhancing revenue prospects as the company aims to integrate sustainable hemp solutions into their offerings.

Positive

• Forecasted revenue of $1 million for 2022, with potential for growth to $10 million.
• Engaged first three Farmersville Hemp Brand customers, expanding client base.
• New business model focused on education, branding, and partnerships enhances revenue streams.

Negative

• None.

Dallas, TX, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today highlighted the recent Bloomberg article reporting on the investment outlook for the hemp market in 2022.

Hemp Is Ready to Shine, Thanks to Plastic Bans and Carbon Caps

Article highlights include:

“Demand is poised to rise for hemp — the staid sister to the mood-altering forms of cannabis — as it’s increasingly adopted for a wide range of uses, including concrete blocks, clothing and even car parts. The shift is driven by environmental incentives such as carbon caps and single-use plastic bans, which are making some natural materials preferable to those made from petrochemicals.”

““Industrial hemp is the biggest opportunity in the cannabis sector as a whole,” said Mina Mishrikey, a partner at Merida Capital Partners.”

PURA has established a new business model to build an industrial hemp business with 3 sources of revenue – education, branding and partnerships.

PURA recently announced signing its first Farmersville Hemp clients that will in turn contribute to the company’s 2022 revenue objectives.

The company has forecasted $1 million in revenue for 2022 with the potential for revenue to reach $10 million.

The initial $1 million in revenue forecasted for next year conservatively only encompasses revenue coming from its education line of business, which is designed to ignite the revenue potential of the branding and partnership business lines.

Management indicates the branding and particularly the partnership lines of business also have a high potential of contributing revenue next year. Accordingly, management has indicated the possibility that the initial revenue forecast maybe revised upward more than once in the course of 2022.

PURA has engaged its first three Farmersville Hemp Brand customers.  The customers announced today have signed up for PURA’s education services.  The education services consist of a consultative curriculum customized for each client to design specific strategies for hemp to be incorporated into the client’s products and services to enhance their offering with more sustainable, durable and efficient products and services.

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 the revenue forecast for PURA in 2022?

PURA has forecasted $1 million in revenue for 2022, with potential growth to $10 million.

How many Farmersville Hemp Brand customers has PURA engaged?

PURA has engaged its first three Farmersville Hemp Brand customers.

What is driving demand for hemp according to the Bloomberg article?

Demand for hemp is increasing due to environmental incentives such as carbon caps and single-use plastic bans.

What new business model has PURA established?

PURA has established a new business model focusing on education, branding, and partnerships.

What types of services does PURA offer to its clients?

PURA offers education services, including a custom consultative curriculum to incorporate hemp into client products.