PURA Farmersville Hemp Research Initiative Highlights Credible Reference

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) is enhancing its Farmersville Hemp Brand through a new research initiative aimed at non-consumable hemp applications. Discussions for a university partnership are underway, bolstered by a $10 million USDA grant to Oregon State University’s Global Hemp Innovation Center for sustainable hemp production research. PURA plans to establish a cooperative brand for hemp growers akin to Sun-Maid Raisins. With the global industrial hemp market projected to reach $36 billion by 2026, PURA aims to host seminars on hemp's benefits across various industries at its new facility in Farmersville, Texas.

Positive

• Initiative to establish a partnership with universities for hemp research.
• USDA grant of $10 million enhances credibility and potential for sustainable hemp production.
• Plans to create a cooperative brand for hemp growers could increase market presence.
• Projected growth of the global industrial hemp market to $36 billion by 2026 indicates significant market opportunity.

Negative

• None.

Dallas, Texas, Oct. 11, 2021 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) (“PURA”) has undertaken a research initiative as part of an overall plan to build its Farmersville Hemp Brand recognition.

Last week, PURA announced the Farmersville Hemp Brand initiative includes a research effort into non-consumable hemp application market opportunities and that PURA has entered discussions toward establishing a university partnership intended to expand these research efforts.

Today, to demonstrate the viability of PURA’s hemp research initiative and university partnership discussions, PURA management highlighted that The U.S. Department of Agriculture (USDA) has committed to grant Oregon State University’s (OSU) Global Hemp Innovation Center $10 million to study sustainable hemp production.

PURA is building hemp processing and cultivation partnerships 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.

The overall global industrial hemp market was estimated at $5 billion in 2019 and expected to grow to $36 billion by 2026. 

The global industrial hemp market includes hemp seed, hemp seed oil, hemp fiber, CBD hemp oil, with applications in industries to include food, beverages, personal care products, textiles, construction and pharmaceutical.

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.

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's recent initiative regarding hemp?

Puration has launched a research initiative to enhance its Farmersville Hemp Brand focusing on non-consumable hemp applications.

How much grant money did the USDA provide for hemp research?

The USDA granted $10 million to Oregon State University’s Global Hemp Innovation Center for sustainable hemp production research.

What are the future plans for the Farmersville Hemp Brand?

PURA plans to establish a cooperative brand for hemp growers and host seminars demonstrating hemp's applications across various industries.

What is the expected market growth for the industrial hemp market?

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

When will PURA start hosting seminars on hemp innovation?

PURA intends to launch its first seminars in Q4 2021, even before the completion of its facility in Farmersville.